secwatch.observer — SEC 8-K summary
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Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001505155-23-000055
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upland Software Q2 revenue $74.5M (-7% YoY); guides FY2023 revenue down 6% at midpoint
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- Total revenue $74.5M, down 7% YoY from $80.2M; subscription & support $70.5M (-6%).
- GAAP net loss $15.1M ($0.51 per share) vs $16.4M loss YoY; adjusted EBITDA $16.6M (22% margin) vs $24.5M (31%).
- Free cash flow $6.7M vs $13.9M; cash on hand $262.6M.
- Q3 rev guidance $70.4-$76.4M (midpoint -8% YoY); adj EBITDA $14.5-$17.5M.
- FY2023 rev guidance $292.1-$304.1M (midpoint -6% YoY); adj EBITDA $63.2-$69.2M (22% margin).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000150515523000055/0001505155-23-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000150515523000055/upld-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001505155-23-000055

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