secwatch.observer — SEC 8-K summary
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Issuer:     PROS Holdings, Inc. (—)
CIK:        0001392972
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001392972-24-000120
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392972/000139297224000120/0001392972-24-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392972/000139297224000120/pro-20241025.htm
  HTML page:      https://secwatch.observer/filing/0001392972-24-000120

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