earnings
confidence high
sentiment positive
materiality 0.70
Procore Q2 revenue $122.8M (+27% YoY); non-GAAP operating margin narrows to -4%
PROCORE TECHNOLOGIES, INC.
2022-Q2 EPS reported
-$3.11
revenue$236,728,000
- Revenue of $122.8M, up 27% year-over-year.
- GAAP gross margin 79%; non-GAAP gross margin 84%.
- GAAP operating margin (121%); non-GAAP operating margin (4%).
- Operating cash outflow was $3.1M in Q2 2021.
- IPO completed May 24, 2021: 10.41M shares at $67, net proceeds $665.1M.