secwatch.observer — SEC 8-K summary
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Issuer:     Sprout Social, Inc. (SPT)
CIK:        0001517375
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001517375-23-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517375/000151737523000059/0001517375-23-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517375/000151737523000059/spt-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001517375-23-000059

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