Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Confluent, Inc. reported fiscal year 2022 results: revenue $585.9, EPS $(1.62).
- Period
- fiscal year 2022
- Revenue
- $585.9
- EPS
- $(1.62)
- Result
- preliminary results
Exact text from the filing
Fiscal Year 2022 Financial Highlights (in millions, except per share data and percentages) FY 2022 FY 2021 Y/Y Change Total Revenue $585.9 $387.9 51% Confluent Cloud Revenue $211.2 $94.2 124% GAAP Operating Loss $(462.7) $(339.6) $(123.1) Non-GAAP Operating Loss $(176.9) $(160.6) $(16.3) GAAP Operating Margin (79.0%) (87.6%) 8.6 pts Non-GAAP Operating Margin (30.2%) (41.4%) 11.2 pts GAAP Net Loss Per Share $(1.62) $(1.82) $0.20 Non-GAAP Net Loss Per Share $(0.58) $(0.86) $0.28 Net Cash Used in Operating Activities $(157.3) $(105.1) $(52.2) Free Cash Flow $(171.8) $(114.0) $(57.8)
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Confluent, Inc. reported fourth quarter of 2022 results: revenue $168.7, EPS $(0.37).
- Period
- fourth quarter of 2022
- Revenue
- $168.7
- EPS
- $(0.37)
- Result
- preliminary results
Exact text from the filing
Fourth Quarter 2022 Financial Highlights (in millions, except per share data and percentages) Q4 2022 Q4 2021 Y/Y Change Total Revenue $168.7 $119.9 41% Confluent Cloud Revenue $68.4 $33.8 102% GAAP Operating Loss $(115.0) $(113.7) $(1.3) Non-GAAP Operating Loss $(36.3) $(49.7) $13.4 GAAP Operating Margin (68.2%) (94.8%) 26.6 pts Non-GAAP Operating Margin (21.5%) (41.4%) 19.9 pts GAAP Net Loss Per Share $(0.37) $(0.43) $0.06 Non-GAAP Net Loss Per Share $(0.09) $(0.19) $0.10 Net Cash Used in Operating Activities $(27.1) $(23.9) $(3.2) Free Cash Flow $(30.9) $(26.7) $(4.2)
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
Confluent, Inc. announced a restructuring with charges of approximately $27 to $31 million affecting global workforce and real estate footprint (approximately 8% of the Company's global workforce of 2,761 employees as of December 31, 2022).
- Type
- restructuring
- Charge
- approximately $27 to $31 million
- Affected area
- global workforce and real estate footprint
- Headcount
- approximately 8% of the Company's global workforce of 2,761 employees as of December 31, 2022
Exact text from the filing
On January 17, 2023, the Board of Directors of the Company approved restructuring actions (the “Restructuring Plan”) to adjust its cost structure and real estate footprint and accelerate its timeline to achieve breakeven non-GAAP operating margin. The Company now expects to exit the fourth quarter of 2023 with breakeven non-GAAP operating margin, while delivering approximately 30% annual revenue growth in 2023. The Restructuring Plan includes a reduction of approximately 8% of the Company’s global workforce of 2,761 employees as of December 31, 2022, with most of these reductions expected to occur by the end of the second quarter of 2023. Worldwide, the Company expects the workforce reductions to comply with applicable laws including consultation requirements. Any local separations will be determined at the time and as required by any local consultation or process requirements. The Company estimates it will incur approximately $27 to $31 million in non-recurring charges in connection w
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