secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001280058-22-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blackbaud Q3: GAAP net loss $0.20/sh, non-GAAP EPS $0.69; raises FY22 Rule of 40 to ~29%
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- GAAP revenue $261.3M (+13% YoY); recurring revenue $249.4M (+14.1%); organic recurring revenue +3.5%.
- GAAP operating loss $7.0M reflecting security incident costs; non-GAAP operating income $49.8M (19.1% margin).
- Non-GAAP adjusted EBITDA $66.9M (25.6% margin); adjusted free cash flow $93.8M (35.9% margin).
- Raises FY22 Rule of 40 expectation to ~29% constant currency; expects mid-single digit organic revenue growth in 2023.
- 2023 targets: adjusted EBITDA margin approaching 29%, Rule of 40 in mid-30s at constant currency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005822000053/0001280058-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005822000053/blkb-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001280058-22-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer