secwatch.observer — SEC 8-K summary
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Issuer:     Sprout Social, Inc. (SPT)
CIK:        0001517375
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001517375-22-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sprout Social beats Q3 estimates, raises FY guidance; ARR up 33% to $271.3M
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- Revenue $65.3M (+33% YoY); ARR $271.3M (+33% YoY); above guidance range.
- GAAP net loss ($13.9M) or ($0.25)/share; Non-GAAP net loss ($1.0M) or ($0.02)/share.
- Free cash flow $0.5M vs $4.2M YoY; cash and securities $181.9M.
- CEO cites expected record net new ARR in Q4 and 300bps YoY margin improvement.
- Raised annual growth and margin guidance despite challenging macro climate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517375/000151737522000036/0001517375-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517375/000151737522000036/spt-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001517375-22-000036

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