Procore Q3 revenue $186M (+41% YoY); CRO Dennis Lyandres resigns as CRO

PROCORE TECHNOLOGIES, INC.

2022-Q3 EPS reported -$1.59 revenue$518,150,000

Revenue of $186M, up 41% YoY, including $8.5M from Levelset acquisition.
GAAP gross margin 80%; non-GAAP gross margin 84%.
GAAP operating margin (39%); non-GAAP operating margin (7%).
Operating cash inflow $7M; free cash outflow $6M.
CRO Dennis Lyandres resigned effective Oct 31, now Special Advisor to CEO.

item 2.02 item 5.02 item 9.01

Executive movements

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Role change

Dennis Lyandres

Chief Revenue Officer

PCOR · PROCORE TECHNOLOGIES, INC.

Effective: 2022-10-31
Filed: November 2, 2022, 7:59 PM ET

Effective as of October 31, 2022, Dennis Lyandres resigned from his position as Chief Revenue Officer of the Company and transitioned to a new position as Special Advisor to the CEO

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PROCORE TECHNOLOGIES, INC. reported the third quarter ended September 30, 2022 results: revenue $186 million.

Period: the third quarter ended September 30, 2022
Revenue: $186 million
Result: reported results

Exact text from the filing

Revenue was $186 million, an increase of 41% year-over-year.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dennis Lyandres resigned as Chief Revenue Officer at PROCORE TECHNOLOGIES, INC..

Action: resigned
Role: Chief Revenue Officer

Exact text from the filing

Effective as of October 31, 2022, Dennis Lyandres resigned from his position as Chief Revenue Officer of the Company and transitioned to a new position as Special Advisor to the CEO

View on SEC.gov

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PROCORE TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001564590-22-036354

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