secwatch.observer — SEC 8-K summary
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Issuer:     Sprout Social, Inc. (SPT)
CIK:        0001517375
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001517375-23-000092
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sprout Social Q2 revenue up 29% to $79.3M, acquires Tagger Media for $140M
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- Q2 revenue $79.3M (+29% YoY), ARR $326.1M (+27%), above guidance.
- GAAP net loss ($13.1M) vs ($14.6M) prior year; Non-GAAP net income $3.8M vs loss.
- Acquired Tagger Media for $140M cash, expanding into influencer marketing.
- Entered $100M credit facility with MUFG, maturing 2028, for acquisitions.
- Cash & securities $192.4M; free cash flow $6.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517375/000151737523000092/0001517375-23-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517375/000151737523000092/spt-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001517375-23-000092

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