secwatch.observer — SEC 8-K summary
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Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001505155-24-000068
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upland Q2 revenue falls 7% to $69.3M; GAAP loss $0.47/share improves from $0.51; guides FY revenue down 7%
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- Total revenue $69.3M, down 7% YoY; subscription & support $65.5M, down 7%.
- GAAP net loss $11.4M vs $15.1M loss in Q2 2023; EPS loss $0.47 vs $0.51.
- Adjusted EBITDA $13.6M (20% margin), down from $16.6M (22%) a year ago.
- Q3 guidance: revenue $63.2-69.2M (midpoint -11% YoY); FY revenue $269.6-281.6M (-7% YoY).
- 155 new customers, 275 expansions; cash on hand $232.4M; free cash flow $5.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000150515524000068/0001505155-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000150515524000068/upld-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001505155-24-000068

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