secwatch.observer — SEC 8-K summary
======================================

Issuer:     APPIAN CORP (APPN)
CIK:        0001441683
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001441683-22-000085
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441683/000144168322000085/0001441683-22-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441683/000144168322000085/appn-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001441683-22-000085

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