earnings
confidence high
sentiment negative
materiality 0.80
Workiva Q2 revenue up 24.6% to $131.5M, but GAAP net loss widens to $28.9M
WORKIVA INC
2022-Q2 EPS reported
-$0.90
revenue$261,223,000
- Total Q2 revenue $131.5M (+24.6% YoY); subscription & support revenue $113.4M (+24.3% YoY).
- GAAP net loss $28.9M (EPS -$0.55) vs loss $9.5M (EPS -$0.19) in Q2 2021.
- Non-GAAP net loss $9.0M (EPS -$0.17) vs net income $3.8M (EPS $0.07) a year ago.
- Customers 5,381 (+1,432 YoY, incl. ~850 from ParsePort acquisition). Revenue retention rate 97.9%.
- Q3 revenue guidance $132-133M; full-year $534-536M. Non-GAAP operating profit expected by H2 2023.