Upland Software Q4 revenue $78.8M (+4% YoY), guides Q1 revenue down 5% YoY; announces growth plan

Upland Software, Inc.

2022-FY EPS reported -$2.23 revenue$317,303,000

Q4 total revenue $78.8M (+4% YoY, +7% constant currency); subscription & support $74.1M (+3%).
GAAP net loss $22.7M (incl. $12.5M goodwill impairment); GAAP EPS loss $0.75 vs $0.24 loss YoY.
Adjusted EBITDA $24.3M (31% margin) vs $25.1M (33% margin) in Q4 2021; free cash flow $5.7M.
Q1 2023 guidance: revenue $72-78M (midpoint -5% YoY), Adj EBITDA $15.5-18.5M (23% margin). Full year 2023 revenue $288-312M, Adj EBITDA $63-75M.
Appointed Oliver Yates as Chief Sales Officer, Michael Frannea as head of marketing; promoted Karen Cummings to EVP and Senior GM.

item 1.01 item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Upland Software, Inc. reported the fourth quarter of 2022 results: revenue $78.8 million, net income GAAP net loss was $22.7 million, EPS GAAP net loss per share attributable to common stockholders was $0.75 per share. Guidance initiated.

Period: the fourth quarter of 2022
Revenue: $78.8 million
Net income: GAAP net loss was $22.7 million
EPS: GAAP net loss per share attributable to common stockholders was $0.75 per share
Guidance: initiated
Result: reported results

Exact text from the filing

and full year of 2023. The company also announced a comprehensive growth plan to drive long-term shareholder value. Fourth Quarter 2022 Financial Highlights • Total revenue was $78.8 million, an increase of 4% from $75.7 million in the fourth quarter of 2021. Total revenue growth includes a negative impact of 3% from changes in foreign currency exchange rates ("FX").

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Upland Software, Inc. amended Amendment No.1 to the Credit Agreement with Credit Suisse AG, Cayman Islands Breach, as administrative agent and collateral agent, and the several lenders party thereto (effective 2023-02-21).

Action: amendment
Agreement: credit facility
Counterparty: Credit Suisse AG, Cayman Islands Breach, as administrative agent and collateral agent, and the several lenders party thereto
Effective: 2023-02-21

Exact text from the filing

On February 21, 2023 , Upland Software, Inc. (the “Company”) entered into that certain Amendment No.1 to the Credit Agreement (the “Amendment”), which amends that certain Credit Agreement, dated as of August 6, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date of the Amendment, the “Credit Agreement”), by and among the Company, Credit Suisse AG, Cayman Islands Breach, as administrative agent and collateral agent, and the several lenders party thereto.

View on SEC.gov

Browse all earnings releases →

Upland Software, Inc. filing history →

Source: SEC EDGAR

accession 0001505155-23-000007

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.