Appian Q2 cloud subscription revenue up 19% to $88.4M; guides to FY2024 adjusted EBITDA breakeven

APPIAN CORP

2024-Q2 EPS reported -$1.05 revenue$296,285,000

Total revenue $146.5M (+15% YoY); cloud subscription revenue $88.4M (+19%).
GAAP net loss $(43.6M) ($(0.60)/share); non-GAAP net loss $(19.1M) ($(0.26)/share).
Adjusted EBITDA loss improved to $(10.5M) from $(24.7M) YoY.
Management expects adjusted EBITDA breakeven for full year 2024, accelerating profitability.
Cloud subscription revenue retention rate 118% as of June 30, 2024.

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