secwatch.observer — SEC 8-K summary
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Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001505155-24-000101
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upland Q3 revenue down 10% to $66.7M; net loss narrows to $0.12/share; guides Q4 revenue down 5%
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- Total revenue $66.7M (-10% YoY); subscription revenue $63.8M (-9% YoY); GAAP net loss $1.7M vs $8.7M loss last year.
- GAAP EPS loss $0.12 vs $0.31 loss in Q3 2023; Adjusted EBITDA $14.0M (21% margin) vs $16.2M (22% margin).
- Operating cash flow $4.3M vs $18.3M; free cash flow $4.2M; paid down $177M in Term Loans; cash $59.7M.
- Q4 2024 guidance: revenue $65.9-71.9M (midpoint -5% YoY); Adjusted EBITDA $13.4-16.4M (22% margin).
- Full year 2024 guidance: revenue $272.6-278.6M (midpoint -7% YoY); Adjusted EBITDA $54.1-57.1M (20% margin, -14% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000150515524000101/0001505155-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000150515524000101/upld-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001505155-24-000101

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