Upland Software Q1 revenue $78.7M (+6% YoY), beats guidance; guides Q2 rev $77.5-81.5M

Upland Software, Inc.

2022-Q1 EPS reported -$0.73 revenue$78,716,000

GAAP net loss $22.8M ($0.73 loss per share) vs $20.7M loss a year ago.
Adjusted EBITDA $23.4M (30% margin); operating cash flow $8.2M, free cash flow $8.0M.
Cash on hand $130.4M; subscription and support revenue $73.6M (+4% YoY).
Q2 2022 revenue guidance $77.5-81.5M; full-year 2022 revenue $313-329M.
Added 120 new customers (25 major); expanded 280 existing relationships; 49 major expansions.

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