Procore Q4 rev $202M (+38% YoY); CFO Lyandres to transition to President of Fintech

PROCORE TECHNOLOGIES, INC.

2023-FY EPS reported -$2.10 revenue$720,203,000

Q4 revenue $202M (+38% YoY); full year $720M (+40% YoY); GAAP gross margin 80%, non-GAAP 84%.
Q4 GAAP operating margin -37%, non-GAAP -8%; operating cash inflow $23M, free cash inflow $12M.
Total RPO $798M (+32% YoY); short-term RPO +34% YoY, ~70% of total.
CFO Paul Lyandres to become President of Fintech after Q1 2023 10-Q filing (~May 5); Howard Fu named new CFO.
Levelset contributed $9M to Q4 revenue, $32M full year.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Howard Fu

Chief Financial Officer and Treasurer

PCOR · PROCORE TECHNOLOGIES, INC.

Effective: 2023-05-05
Filed: February 16, 2023, 6:59 PM ET

the Board approved the appointment of Howard Fu, age 49, to serve as Chief Financial Officer and Treasurer of the Company, effective concurrently with the transition of Mr. Lyandres on the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROCORE TECHNOLOGIES, INC. reported the fourth quarter ended December 31, 2022 results: revenue $202 million.

Period: the fourth quarter ended December 31, 2022
Revenue: $202 million
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Financial Highlights: • Revenue was $202 million, an increase of 38% year-over-year.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROCORE TECHNOLOGIES, INC. reported the full year ended December 31, 2022 results: revenue $720 million.

Period: the full year ended December 31, 2022
Revenue: $720 million
Result: reported results

Exact text from the filing

Full Year 2022 Financial Highlights: • Revenue was $720 million, an increase of 40% year-over-year.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Howard Fu was appointed as Chief Financial Officer and Treasurer at PROCORE TECHNOLOGIES, INC..

Action: appointed
Role: Chief Financial Officer and Treasurer

Exact text from the filing

the Board approved the appointment of Howard Fu, age 49, to serve as Chief Financial Officer and Treasurer of the Company, effective concurrently with the transition of Mr. Lyandres on the Effective Date.

View on SEC.gov

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PROCORE TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001564590-23-002008

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