Upland Q2 revenue +7% to $76.3M; GAAP loss widens to $19.0M; acquires Panviva

Upland Software, Inc.

2021-Q2 EPS reported -$1.32 revenue$150,233,000

Total revenue $76.3M (+7% YoY); subscription & support $72.4M (+7%).
GAAP net loss $19.0M ($0.63 loss per share) vs $14.2M loss ($0.57) in Q2 2020.
Adjusted EBITDA $23.7M (31% margin) flat YoY; free cash flow surged to $10.6M from $0.4M.
Completed acquisition of Panviva; appointed Dan Doman as Chief Product Officer.
Q3 guidance: revenue $75.4-79.4M; FY 2021 revenue outlook $300.8-312.8M.

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