8-K
filed August 9, 2023, 7:59 PM ET
ticker TASK
CIK 0001829864
earnings
confidence high
sentiment negative
materiality 0.80
TaskUs Q2 2023 revenue down 7% YoY to $229.2M, cuts full-year outlook
TaskUs, Inc.
2023-Q2 EPS reported
$0.20
revenue$464,475,000
- Q2 GAAP net income $10.1M ($0.10 diluted EPS); adjusted net income $31.8M ($0.32 adjusted EPS).
- Adjusted EBITDA $54.7M (23.8% margin); Free Cash Flow $28.7M, 52.6% conversion of EBITDA.
- Full-year revenue guidance revised to $900-910M (down ~5.8% YoY at midpoint); Q3 revenue forecast $220-222M.
- Repurchased 3.2M shares in Q2, returning $38M to shareholders; ended quarter with 47,000 teammates.
- Launched TaskGPT generative AI client pilot with MoneyLion; added new HealthTech clients.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
TaskUs, Inc. reported second quarter ended June 30, 2023 results: revenue $229.2 million, net income $10.1 million, EPS $0.10.
- Period
- second quarter ended June 30, 2023
- Revenue
- $229.2 million
- Net income
- $10.1 million
- EPS
- $0.10
- Result
- reported results
Exact text from the filing
TaskUs Announces Fiscal Second Quarter 2023 Results NEW BRAUNFELS, Texas, August 9, 2023 — TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world’s most innovative companies, today announced its results for the second quarter ended June 30, 2023. • Second quarter total revenues of $229.2 million. • GAAP net income of $10.1 million , GAAP net income margin of 4.4%. • Non-GAAP Adjusted Net Income of $31.8 million , non-GAAP Adjusted Net Income margin of 13.9%. • GAAP diluted earnings per share of $0.10 , non-GAAP Adjusted EPS of $0.32.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
TaskUs, Inc. reported third quarter and full year 2023 results: revenue $220 to $222 million for Q3; $900 to $910 million for full year.
- Period
- third quarter and full year 2023
- Revenue
- $220 to $222 million for Q3; $900 to $910 million for full year
- Result
- guidance update
Exact text from the filing
For the third quarter and full year 2023, TaskUs expects its financial results to include 1, 2 : 2023 Outlook Third Quarter Full Year Revenue (in millions) $220 to $222 $900 to $910 Revenue change (YoY) at midpoint (4.8)% (5.8)% Adjusted EBITDA Margin ~22.4% ~23.0% Free Cash Flow (excluding heloo earn-out payment) (in millions) N/A $100+
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.