earnings
confidence medium
sentiment positive
materiality 0.70
Sprout Social Q2 revenue $61.4M (+37% YoY), beats guidance; ARR $256.1M (+35%)
Sprout Social, Inc.
2022-Q2 EPS reported
-$0.45
revenue$118,861,000
- GAAP net loss $14.6M ($0.27 loss per share); non-GAAP net loss $1.9M ($0.04 loss per share).
- Non-GAAP operating loss of $1.9M vs. prior-year income of $0.1M; GAAP operating loss widened to $14.5M.
- Cash and equivalents + marketable securities $181.7M; free cash flow $0.7M vs. $4.1M year ago.
- Annual recurring revenue (ARR) grew 35% YoY to $256.1M; total revenue up 37% to $61.4M.
- Results exceeded guidance range for Q2 2022; management cited strong execution and market opportunity.