{"schema_version":"secwatch.filing_event.v1","accession":"0001505155-23-000007","form_type":"8-K","ticker":"UPLD","cik":"0001505155","company_name":"Upland Software, Inc.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.304174+00:00","generated_at":"2026-06-19T02:26:52.680096+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Upland Software Q4 revenue $78.8M (+4% YoY), guides Q1 revenue down 5% YoY; announces growth plan","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001505155-23-000007","json":"https://secwatch.observer/filing/0001505155-23-000007.json","markdown":"https://secwatch.observer/filing/0001505155-23-000007.md","text":"https://secwatch.observer/filing/0001505155-23-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000007/0001505155-23-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000007/upld-20230221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T02:26:52.680096+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1ef19d1cff2224aff92f6ddc72134cae0f40a656","claim":"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.","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000007/0001505155-23-000007-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2022"},{"label":"Revenue","value":"$78.8 million"},{"label":"Net income","value":"GAAP net loss was $22.7 million"},{"label":"EPS","value":"GAAP net loss per share attributable to common stockholders was $0.75 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6d436244fc728a422845025332af820cb56178f1","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000007/0001505155-23-000007-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Credit Suisse AG, Cayman Islands Breach, as administrative agent and collateral agent, and the several lenders party thereto"},{"label":"Effective","value":"2023-02-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}