secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001628280-23-015204
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procore Q1 revenue $214M (+34% YoY); CFO transition to Howard Fu
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- Revenue $214M, up 34% YoY; GAAP gross margin 81%, non-GAAP 85%.
- GAAP operating margin (32%), non-GAAP operating margin (2%); operating cash inflow $29M, free cash inflow $19M.
- CFO Paul Lyandres becomes President of Fintech; Howard Fu assumes CFO role effective next week.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000162828023015204/0001628280-23-015204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000162828023015204/pcor-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015204

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