earnings
confidence high
sentiment positive
materiality 0.70
N-able Q2 revenue $91.6M (+7% YoY); subscription revenue +8%; acquires Spinpanel
N-able, Inc.
2022-Q2 EPS reported
$0.05
revenue$182,487,000
- Total revenue $91.6M (+7% YoY, +13% constant currency); subscription revenue $89.4M (+8% YoY, +14% cc).
- GAAP net income $4.3M ($0.02 diluted EPS); non-GAAP net income $16.0M ($0.09 diluted EPS).
- Adjusted EBITDA $27.6M (30.1% margin); TTM dollar-based net retention rate 106% (including ~2pts FX).
- Acquired Spinpanel (Microsoft 365 management platform) post-quarter to enhance cloud strategy.
- FY 2022 revenue outlook: ~7% YoY growth (12-13% constant currency), accounting for macro dynamics.