secwatch / observer
8-K filed November 2, 2022, 7:59 PM ET ticker WK CIK 0001445305
earnings confidence high sentiment negative materiality 0.70

Workiva Q3 revenue up 17.9% to $132.8M but GAAP net loss widens to $29.7M

WORKIVA INC

2022-Q3 EPS reported -$1.46 revenue$394,072,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

WORKIVA INC reported quarter ended September 30, 2022 results: revenue $132.8 million, net income $29.7 million net loss, EPS $0.56 net loss per basic and diluted share.

Period
quarter ended September 30, 2022
Revenue
$132.8 million
Net income
$29.7 million net loss
EPS
$0.56 net loss per basic and diluted share
Result
reported results
Exact text from the filing
Third Quarter 2022 Financial Highlights • Revenue: Total revenue for the third quarter of 2022 reached $132.8 million, an increase of 17.9% from $112.7 million in the third quarter of 2021. Subscription and support revenue contributed $118.6 million, up 19.9% versus the third quarter of 2021. Professional services revenue was $14.3 million, an increase of 3.5% compared to the same quarter in the prior year. • Gross Profit: GAAP gross profit for the third quarter of 2022 was $100.4 million compared with $86.3 million in the same quarter of 2021. GAAP gross margin was 75.6% versus 76.6% in the third quarter of 2021. Non-GAAP gross profit for the third quarter of 2022 was $101.8 million, an increase of 16.5% compared with the prior year's third quarter, and non-GAAP gross margin was 76.6% compared to 77.6% in the third quarter of 2021. • Results from Operations: GAAP loss from operations for the third quarter of 2022 was $30.1 million compared with a loss of $8.0 million in the prior year
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Source: SEC EDGAR
accession 0001445305-22-000138
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