PROS Q1 revenue $80.7M (+10% YoY), subscription revenue $64.3M (+15%), adj. EBITDA $4.6M beats guidance

PROS Holdings, Inc.

2024-Q1 EPS reported -$0.24 revenue$80,688,000

GAAP net loss per share $(0.24) improved from $(0.41); non-GAAP EPS $0.04 vs $(0.06).
Non-GAAP subscription gross margin 79%, up 140+ bps YoY; total non-GAAP gross margin 67%, up 315 bps YoY.
Q2 2024 guidance: total revenue $80.5-$81.5M, subscription revenue $64.0-$64.5M, adj. EBITDA $1-$2M.
Full year 2024 guidance: total revenue $332.5-$334.5M, subscription ARR $289-$292M (12% growth), adj. EBITDA $17-$20M.
Appointed Todd McNabb as CRO; launched PROS Copilot for Sales Plugin with Microsoft.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROS Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $80.7, net income $(11.4), EPS $(0.24).

Period: first quarter ended March 31, 2024
Revenue: $80.7
Net income: $(11.4)
EPS: $(0.24)
Result: reported results

Exact text from the filing

noted, all results are on a reported basis and are compared with the prior-year period. GAAP Non-GAAP Q1 2024 Q1 2023 Change Q1 2024 Q1 2023 Change Revenue: Total Revenue $80.7 $73.2 10% n/a n/a n/a Subscription Revenue $64.3 $56.0 15% n/a n/a n/a Subscription and Maintenance Revenue $67.9 $61.7 10% n/a n/a n/a Profitability: Gross Profit $51.9 $43.6 19%

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Source: SEC EDGAR

accession 0001392972-24-000062

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