secwatch / observer
8-K filed May 9, 2023, 7:59 PM ET ticker APPN CIK 0001441683
earnings confidence high sentiment negative materiality 0.75

Appian Q1 cloud subscription revenue up 31% to $69.7M; net loss widens to $36.8M

APPIAN CORP

2023-Q1 EPS reported -$0.51 revenue$135,235,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

APPIAN CORP reported first quarter ended March 31, 2023 results: revenue $135.2 million, net income $(36.8) million, EPS $(0.51).

Period
first quarter ended March 31, 2023
Revenue
$135.2 million
Net income
$(36.8) million
EPS
$(0.51)
Result
reported results
Exact text from the filing
Revenue: Cloud subscription revenue was $69.7 million, up 31% compared to the first quarter of 2022. Total subscriptions revenue, which includes sales of our cloud subscriptions, on-premises term license subscriptions, and maintenance and support, increased 18% year-over-year to $99.0 million. Professional services revenue was $36.3 million, an increase of 19% compared to the first quarter of 2022. Total revenue was $135.2 million, up 18% compared to the first quarter of 2022. Cloud subscription revenue retention rate was 115% as of March 31, 2023. • Operating loss and non-GAAP operating loss: GAAP operating loss was $(35.3) million, compared to $(23.9) million for the first quarter of 2022. Non-GAAP operating loss was $(18.2) million, compared to $(5.1) million for the first quarter of 2022. • Net loss and non-GAAP net loss: GAAP net loss was $(36.8) million, compared to $(23.2) million for the first quarter of 2022. GAAP net loss per share was $(0.51) for the first quarter of 2023, c
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Source: SEC EDGAR
accession 0001441683-23-000048
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