secwatch.observer — SEC 8-K summary
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Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001505155-23-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000150515523000007/0001505155-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000150515523000007/upld-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001505155-23-000007

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