earnings
confidence high
sentiment positive
materiality 0.70
N-able Q1 revenue $90.9M (+9% YoY); EPS $0.03 GAAP, $0.09 non-GAAP; guides FY22 rev growth 9%
N-able, Inc.
2022-Q1 EPS reported
$0.03
revenue$90,860,000
- Subscription revenue $88.6M (+10% YoY, +13% constant currency); total revenue $90.9M (+9% YoY).
- GAAP net income $5.1M ($0.03 diluted EPS); non-GAAP net income $15.6M ($0.09 diluted EPS).
- Adjusted EBITDA $27.0M (29.7% margin); TTM Dollar-Based Net Retention Rate of 108%.
- Full-year 2022 revenue outlook: ~9% YoY growth, or 13-14% on a constant currency basis.
- Cash $70.4M, debt $338.4M at March 31, 2022; over 4,000 partners using M365 backup solution.