secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001280058-23-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blackbaud FY2022 revenue exceeds $1B for first time; FY2023 guidance targets 30% EBITDA margin
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- Q4 GAAP revenue $274.8M (+10.8% YoY); GAAP diluted EPS -$0.41 vs -$0.15 prior year.
- Non-GAAP adjusted EBITDA $67.9M (24.7% margin), up $7.2M YoY; non-GAAP diluted EPS $0.68.
- Full year 2022 revenue $1.006B (+14% YoY); Rule of 40 at constant currency 29% (+2 pts).
- FY2023 guidance: organic revenue growth ~4% constant currency, adjusted EBITDA margin ~30%, Rule of 40 ~34%.
- Q4 GAAP loss from ops $15.5M includes $26.5M security incident-related costs net of insurance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005823000003/0001280058-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005823000003/blkb-20230213.htm
  HTML page:      https://secwatch.observer/filing/0001280058-23-000003

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