secwatch.observer — SEC 8-K summary
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Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001505155-22-000090
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000150515522000090/0001505155-22-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000150515522000090/upld-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001505155-22-000090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer