Workiva Q1 revenue $150.2M (+16% YoY); subscription rev up 21%; GAAP net loss $0.86/share

WORKIVA INC

2023-Q1 EPS reported -$0.86 revenue$150,189,000

Total Q1 revenue $150.2M (+16% YoY); subscription & support revenue $129.7M (+21%).
GAAP net loss $46.2M ($0.86/share) vs loss of $18.5M ($0.35) in Q1 2022.
Non-GAAP net loss $6.6M ($0.12/share) vs loss of $2.5M ($0.05) in Q1 2022.
Customers with ACV >$150K grew 24% YoY; revenue retention rate 98% (excl. add-ons).
Q2 2023 guidance: revenue $153-154M; FY2023 rev guidance $626-628M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

WORKIVA INC reported first quarter ended March 31, 2023 results: revenue Total revenue for the first quarter of 2023 reached $150.2 million, net income GAAP net loss for the first quarter of 2023 was $46.2 million, EPS GAAP net loss per basic and diluted share was $0.86. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: Total revenue for the first quarter of 2023 reached $150.2 million
Net income: GAAP net loss for the first quarter of 2023 was $46.2 million
EPS: GAAP net loss per basic and diluted share was $0.86
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Workiva Inc. (the "Company") issued a press release announcing its results for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001445305-23-000097

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