PROS beats Q3 guidance; CEO Andres Reiner to retire upon successor appointment

PROS Holdings, Inc.

2024-Q3 EPS reported -$0.39 revenue$245,403,000

Subscription revenue $67.1M (+12% YoY); total revenue $82.7M (+7% YoY); GAAP net income $0.2M vs loss $13.9M.
Non-GAAP EPS $0.14 vs $0.09; adjusted EBITDA $9.3M vs $5.6M; all metrics exceeded guidance.
Q4 2024 guidance: total revenue $84.1-$85.1M, non-GAAP EPS $0.12-$0.14; FY free cash flow guidance raised to $21-$24M.
CEO Andres Reiner to retire upon naming successor; will serve as advisor for 12 months post-transition.
Subscription gross margin improved >190bps to 78% GAAP/80% non-GAAP; added top-tier customers.

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Departed

Andres Reiner

President and Chief Executive Officer

PROS Holdings, Inc.

Filed: October 29, 2024, 7:59 PM ET

On October 25, 2024, the Company's President and Chief Executive Officer, Andres Reiner, notified the Company's Board of Directors (the "Board") that he intends to retire from his position, effective upon his successor’s appointment as the Company’s Chief Executive Officer.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Andres Reiner departed as President and Chief Executive Officer at PROS Holdings, Inc..

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

On October 25, 2024, the Company's President and Chief Executive Officer, Andres Reiner, notified the Company's Board of Directors (the "Board") that he intends to retire from his position, effective upon his successor’s appointment as the Company’s Chief Executive Officer.

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Source: SEC EDGAR

accession 0001392972-24-000120

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