secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001564590-22-017844
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procore Q1 revenue $160M (+40% YoY), GAAP net loss $0.44/sh, guides Q2 $162-164M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000156459022017844/0001564590-22-017844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000156459022017844/pcor-8k_20220504.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-017844

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