N-able Q4 revenue $89.5M, up 12% YoY; guides FY22 growth 11-12%

N-able, Inc.

2021-FY EPS reported $0.00 revenue$346,456,000

Q4 subscription revenue $87.3M, up 13% YoY (14% constant currency); total revenue $89.5M, up 12% YoY.
GAAP net income $2.1M ($0.01 diluted); non-GAAP net income $13.4M ($0.07 diluted); adj. EBITDA $27.8M (31.0% margin).
Full-year 2021 total revenue $346.5M, up 14% YoY; GAAP net income $0.1M; adj. EBITDA $113.3M (32.7% margin).
FY22 revenue outlook: 11-12% growth (13-14% constant currency); TTM net dollar retention rate stable at 110%.
Added 25+ Technology Alliance partners in 2021; appointed Chris Groot GM Data Protection and Ann Johnson to board.

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