earnings
confidence high
sentiment negative
materiality 0.75
Upland Q3 revenue $76.1M (+3% YoY); net loss $11.0M; sales performance misses expectations
Upland Software, Inc.
2021-Q3 EPS reported
-$1.68
revenue$226,286,000
- GAAP net loss $11.0M ($0.36/share); Adjusted EBITDA $25.0M (33% margin), flat YoY.
- Subscription revenue $72.3M (+2% YoY); total revenue $76.1M (+3%).
- CEO: 'did not see uptick in new logo bookings and renewals' as expected.
- Q4 guidance: revenue $73.2-$77.2M, Adj. EBITDA $23.4-$25.4M; full-year revenue $299.5-$303.5M.
- Free cash flow $4.9M vs $18.5M prior year; cash on hand $179.6M.