secwatch.observer — SEC 8-K summary
======================================

Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001628280-23-036453
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000162828023036453/0001628280-23-036453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000162828023036453/upld-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-036453

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