secwatch.observer — SEC 8-K summary
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Issuer:     Sprout Social, Inc. (SPT)
CIK:        0001517375
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001517375-22-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sprout Social Q1 revenue $57.4M (+41% YoY); ARR $239.1M (+39%); beats guidance range
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- Revenue of $57.4M, up 41% YoY; ARR grew 39% to $239.1M.
- GAAP net loss ($9.8M) vs ($6.4M) YoY; GAAP EPS ($0.18) vs ($0.12).
- Non-GAAP net loss narrowed to ($1.4M) from ($2.5M); non-GAAP EPS ($0.03) vs ($0.05).
- Cash and equivalents $180.8M; free cash flow $5.1M, up from $3.4M YoY.
- Results above Q1 guidance range; Q1 operating loss and net loss improved on a non-GAAP basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517375/000151737522000013/0001517375-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517375/000151737522000013/spt-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001517375-22-000013

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