Appian Q2 cloud subscription revenue up 30% to $74.4M; GAAP EPS loss $(0.58)

APPIAN CORP

2023-Q2 EPS reported -$1.09 revenue$262,950,000

Cloud subscription revenue $74.4M (+30% YoY); total subscriptions revenue $93.8M (+22%); total revenue $127.7M (+16%).
GAAP net loss $(42.4)M ($(0.58)/share) vs $(49.4)M ($(0.68)/share) a year ago; non-GAAP net loss $(28.5)M ($(0.39)/share).
Cloud subscription revenue retention rate was 115% as of June 30, 2023.
Adjusted EBITDA loss $(24.7)M, roughly flat vs $(25.0)M in Q2 2022.
Ended quarter with $237.0M in cash and investments; operating cash use improved to $(11.9)M from $(29.7)M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

APPIAN CORP reported second quarter ended June 30, 2023 results: revenue $127.7 million, net income $(42.4) million, EPS $(0.58).

Period: second quarter ended June 30, 2023
Revenue: $127.7 million
Net income: $(42.4) million
EPS: $(0.58)
Result: reported results

Exact text from the filing

increased 22% year-over-year to $93.8 million. Professional services revenue was $33.9 million, an increase of 2% compared to the second quarter of 2022. Total revenue was $127.7 million, up 16% compared to the second quarter of 2022. Cloud subscription revenue retention rate was 115% as of June 30, 2023. • Operating loss and non-GAAP operating loss: GAAP

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Source: SEC EDGAR

accession 0001441683-23-000070

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