earnings
confidence high
sentiment positive
materiality 0.60
N-able Q3 2021 revenue $88.4M (+16% YoY); subscription rev $86.1M (+17%)
N-able, Inc.
2021-Q3 EPS reported
-$0.01
revenue$256,953,000
- Total revenue $88.4M (+16% YoY); subscription revenue $86.1M (+17% YoY). GAAP net income $1.9M ($0.01 diluted EPS).
- Non-GAAP net income $17.2M ($0.10 diluted EPS); adjusted EBITDA $29.7M (33.6% margin).
- TTM dollar-based net retention rate 110%; customers with >$50k ARR grew 25% YoY, now 46% of total ARR.
- Completed spin-off from SolarWinds on July 19, 2021; began trading under NABL on July 20.
- Cash and cash equivalents $61.6M; total debt $339.3M as of Sep 30, 2021.