secwatch.observer — SEC 8-K summary
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Issuer:     ZUORA INC (—)
CIK:        0001423774
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001423774-22-000159
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zuora Q3 FY2023 revenue $101.1M (+13% YoY); workforce reduction of 11%
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- Subscription revenue $86.6M, up 17% YoY (20% constant currency); total revenue $101.1M.
- GAAP net loss $37.0M ($0.28/share) vs $22.9M ($0.18) prior year; non-GAAP net loss $2.9M ($0.02).
- Workforce reduction of 11% announced Nov 30; expected charges ~$9.5M, $3.7M recognized in Q3.
- Cash and short-term investments $400.6M; free cash flow negative $7.2M vs negative $1.7M prior year.
- Non-GAAP income from operations $0.6M vs loss $1.2M prior year; operating improvement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423774/000142377422000159/0001423774-22-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423774/000142377422000159/zuo-20221206.htm
  HTML page:      https://secwatch.observer/filing/0001423774-22-000159

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