Upland Q3 revenue $79.5M (+5% YoY), beats guidance; closes $115M HGGC investment

Upland Software, Inc.

2022-Q3 EPS reported -$1.47 revenue$238,492,000

Total revenue $79.5M, up 5% YoY (3% FX headwind); subscription & support revenue $75.1M (+4% YoY).
GAAP net loss $6.5M, improved from $11.0M loss in Q3 2021; EPS loss $0.22 vs $0.36 loss.
Adjusted EBITDA $24.9M (31% margin) vs $25.0M (33% margin) a year ago; free cash flow $1.5M.
Closed $115M strategic equity investment from HGGC in convertible preferred at $17.50/share.
Q4 2022 total revenue guided to $74.1-$80.1M; FY22 revenue $312.6-$318.6M with FX headwinds.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Upland Software, Inc. reported the third quarter 2022 results: revenue $79.5 million, net income GAAP net loss was $6.5 million, EPS GAAP net loss per share attributable to common stockholders was $0.22 per share. Guidance reaffirmed.

Period: the third quarter 2022
Revenue: $79.5 million
Net income: GAAP net loss was $6.5 million
EPS: GAAP net loss per share attributable to common stockholders was $0.22 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and operating results for the third quarter 2022 and issued guidance for its fourth quarter and full year of 2022. Third Quarter 2022 Financial Highlights • Total revenue was $79.5 million, an increase of 5% from $76.1 million in the third quarter of 2021. Total revenue growth includes a negative impact of 3% from changes in foreign currency exchange rates ("FX").

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Source: SEC EDGAR

accession 0001505155-22-000090

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