Sprout Social Q1 beats: Rev $75.2M, Non-GAAP EPS $0.06, ARR $309.9M

Sprout Social, Inc.

2023-Q1 EPS reported -$0.19 revenue$75,212,000

Revenue $75.2M, up 31% YoY; ARR $309.9M, up 30% YoY.
GAAP net loss $10.3M ($0.19 loss per share); Non-GAAP net income $3.4M ($0.06 EPS).
Free cash flow $7.9M vs $5.1M YoY, a record for the company.
Customers >$2k ARR grew >35% YoY and now represent >95% of total ARR.
Results exceeded prior guidance range; non-GAAP operating income $1.7M vs ($1.2M) loss YoY.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sprout Social, Inc. reported first quarter ended March 31, 2023 results: revenue $75.2 million, net income ($10.3) million, EPS ($0.19).

Period: first quarter ended March 31, 2023
Revenue: $75.2 million
Net income: ($10.3) million
EPS: ($0.19)
Result: reported results

Exact text from the filing

and our multi-year investments in AI & automation each provide confidence into durable and efficient growth.” First Quarter 2023 Financial Highlights Revenue ● Revenue was $75.2 million, up 31% compared to the first quarter of 2022. ● ARR was $309.9 million, up 30% compared to the first quarter of 2022. ● During Q1, we prioritized customer success and growth

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Sprout Social, Inc. filing history →

Source: SEC EDGAR

accession 0001517375-23-000059

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