Upland Q3 revenue down 7% YoY to $74.1M; net loss widens; Q4 adj EBITDA guide down 42%

Upland Software, Inc.

2023-Q3 EPS reported -$5.17 revenue$225,674,000

GAAP net loss $8.7M ($0.31 per share) vs loss of $6.5M ($0.22) a year ago.
Adjusted EBITDA $16.2M (22% margin) vs $24.9M (31% margin) in Q3 2022.
Q4 2023 revenue guidance $69-75M; adj EBITDA $12.6-15.6M (20% margin at midpoint).
Board authorized $10M increase to share repurchase program; no expiration date.
Operating cash flow benefited from $20.5M one-time interest rate swap liquidation.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Upland Software, Inc. reported third quarter 2023 results: revenue Total revenue was $74.1 million, net income GAAP net loss was $8.7 million, EPS GAAP net loss per share attributable to common stockholders was $0.31 per share. Guidance reaffirmed.

Period: third quarter 2023
Revenue: Total revenue was $74.1 million
Net income: GAAP net loss was $8.7 million
EPS: GAAP net loss per share attributable to common stockholders was $0.31 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and operating results for the third quarter 2023 and issued guidance for its fourth quarter and full year of 2023. Third Quarter 2023 Financial Highlights • Total revenue was $74.1 million, a decrease of 7% from $79.5 million in the third quarter of 2022. • Subscription and support revenue was $70.0 million, a decrease of 7% from $75.1 million in the third quarter

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Source: SEC EDGAR

accession 0001628280-23-036453

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