earnings
confidence high
sentiment positive
materiality 0.75
Procore Q1 revenue $160M (+40% YoY), GAAP net loss $0.44/sh, guides Q2 $162-164M
PROCORE TECHNOLOGIES, INC.
2023-Q1 EPS reported
-$0.53
revenue$159,516,000
- Revenue $160M, up 40% YoY, including $7M from Levelset acquisition.
- GAAP gross margin 79%, non-GAAP 84%; GAAP operating margin (45%), non-GAAP (12%).
- GAAP net loss $63.7M ($0.44/sh); non-GAAP net loss ($0.10/sh).
- Operating cash flow $10M; free cash outflow $5M in Q1.
- Q2 revenue guidance $162-164M; FY 2022 revenue guidance $671-677M.