Appian Q2 cloud subscription revenue up 34% to $57.1M; GAAP net loss widens to $(49.4)M

APPIAN CORP

2022-Q2 EPS reported -$1.00 revenue$224,329,000

Cloud subscription revenue $57.1M (+34% YoY); total revenue $110.1M (+33% YoY); cloud retention rate 116%.
GAAP net loss $(49.4)M ($(0.68) EPS) vs $(23.8)M ($(0.34) EPS) in Q2 2021.
Non-GAAP net loss $(33.4)M ($(0.46) EPS) vs $(16.9)M ($(0.24) EPS); includes $6.5M FX loss.
Adjusted EBITDA loss widened to $(25.0)M from $(16.3)M; operating cash burn $(29.7)M vs $(6.6)M.
Cash and investments $138.0M at quarter end; CEO notes cloud subscription revenue exceeded guidance.

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