Appian Q3: Cloud sub revenue +22% to $94.1M; positive adj. EBITDA guide

APPIAN CORP

2024-Q3 EPS reported -$1.08 revenue$450,337,000

Cloud subscription revenue $94.1M, up 22% YoY; total subscriptions revenue $123.1M, +19%.
Total revenue $154.1M (+12% YoY); professional services revenue $30.9M (-7%).
GAAP net loss improved to $(2.1M) from $(22.3M); non-GAAP net income $11.4M.
Adjusted EBITDA $10.8M vs $(5.3M) loss in Q3 2023.
CEO projects positive adjusted EBITDA for full year 2024.

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