Appian Q1 cloud subscription revenue up 24% to $86.6M; operating loss narrows to $19.5M

APPIAN CORP

2024-Q1 EPS reported -$0.45 revenue$149,835,000

Cloud subscription revenue $86.6M, up 24% YoY; total subscriptions revenue $117.7M, up 19%.
GAAP operating loss narrowed to ($19.5M) from ($35.3M); non-GAAP operating loss ($3.7M).
GAAP net loss per share ($0.45) vs ($0.51); non-GAAP net loss per share ($0.24) vs ($0.27).
Cloud subscription revenue retention rate 120% as of March 31, 2024.
Cash and investments $170.1M; operating cash flow $18.9M vs ($25.3M) a year ago.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

APPIAN CORP reported the first quarter ended March 31, 2024 results: revenue Total revenue was $149.8 million, net income GAAP net loss was $(32.9) million, EPS GAAP net loss per share was $(0.45).

Period: the first quarter ended March 31, 2024
Revenue: Total revenue was $149.8 million
Net income: GAAP net loss was $(32.9) million
EPS: GAAP net loss per share was $(0.45)
Result: reported results

Exact text from the filing

increased 19% year-over-year to $117.7 million. Professional services revenue was $32.1 million, a decrease of 11% compared to the first quarter of 2023. Total revenue was $149.8 million, up 11% compared to the first quarter of 2023. Cloud subscription revenue retention rate was 120% as of March 31, 2024. • Operating loss and non-GAAP operating loss: GAAP

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Source: SEC EDGAR

accession 0001441683-24-000040

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