Upland Q4 revenue $72.2M (-8% YoY); FY24 guidance implies continued decline

Upland Software, Inc.

2023-FY EPS reported -$5.77 revenue$297,852,000

Q4 total revenue $72.2M (-8% YoY); subscription revenue $68.2M (-8% YoY).
GAAP net loss per share $0.56 (vs $0.75 loss in Q4'22); Adjusted EBITDA $14.1M (19% margin), down from $24.3M (31%).
Q1 2024 revenue guidance $65-71M (midpoint -12% YoY); FY24 revenue guidance $259-283M (midpoint -9% YoY).
Adjusted EBITDA guide Q1 $11.3-14.3M (-27% YoY); FY24 $49-61M (-15% YoY).
Cash on hand $236.6M; repurchased $10.8M of common stock in Q4.

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 0.6

Upland Software, Inc. reported financial results for year ended December 31, 2023.

Period: year ended December 31, 2023
Result: reported results

Exact text from the filing

Upland Software Reports Fourth Quarter 2023 Financial Results February 22, 2024, 04:01 PM Eastern Standard Time AUSTIN, Texas--(BUSINESS WIRE)-- Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based tools for digital transformation, today announced financial and operating results for the fourth quarter 2023 and issued guidance for its first quarter and full year of 2024.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Upland Software, Inc. reported quarter ended December 31, 2023 results: revenue $72.2 million.

Period: quarter ended December 31, 2023
Revenue: $72.2 million
Result: reported results

Exact text from the filing

Total revenue was $72.2 million, a decrease of 8% from $78.8 million in the fourth quarter of 2022.

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Upland Software, Inc. filing history →

Source: SEC EDGAR

accession 0001505155-24-000012

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