Workiva Q2 revenue up 18% to $155M; subscription revenue +21% YoY; guides Q3 $155-156M

WORKIVA INC

2023-Q2 EPS reported -$1.25 revenue$305,211,000

Q2 total revenue $155.0M (+18% YoY); subscription & support $136.8M (+21% YoY).
GAAP net loss $20.9M ($0.39/share) improved from $28.9M loss ($0.55/share) in Q2 2022.
Non-GAAP net income $1.2M ($0.02/share) vs loss of $9.0M ($0.17/share) prior year.
Customers with ACV >$150K up 28% to 823; revenue retention rate (incl. add-on) 111%.
Q3 2023 revenue guidance $155-156M; full-year revenue 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 0.95

WORKIVA INC reported the quarter ended June 30, 2023 results: revenue $155.0 million, net income GAAP net loss for the second quarter of 2023 was $20.9 million, EPS GAAP net loss per basic and diluted share was $0.39. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Revenue: $155.0 million
Net income: GAAP net loss for the second quarter of 2023 was $20.9 million
EPS: GAAP net loss per basic and diluted share was $0.39
Guidance: reaffirmed
Result: reported results

Exact text from the filing

--- Workiva Inc. Announces Second Quarter 2023 Financial Results • Increased Q2 2023 Subscription & Support Revenue by 21% over Q2 2022 • Generated Total Q2 2023 Revenue of $155.0 Million, up 18% over Q2 2022 • Achieved 28% YOY Growth of Customers with Annual Contract Value Over $150K NEW YORK - August 3, 2023 – Workiva Inc. (NYSE:WK), the world’s leading cloud

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Source: SEC EDGAR

accession 0001445305-23-000132

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