secwatch.observer — SEC 8-K summary
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Issuer:     PROS Holdings, Inc. (—)
CIK:        0001392972
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001392972-24-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392972/000139297224000062/0001392972-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392972/000139297224000062/pro-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001392972-24-000062

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