secwatch.observer — SEC 8-K summary
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Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001505155-24-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000150515524000012/0001505155-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000150515524000012/upld-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001505155-24-000012

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