earnings
confidence high
sentiment positive
materiality 0.70
N-able Q3 revenue $93.5M (+6% YoY), beats outlook; raises FY2022 adjusted EBITDA margin guidance to 30%
N-able, Inc.
2022-Q3 EPS reported
$0.05
revenue$276,014,000
- Total revenue $93.5M, up 6% YoY (13% constant currency); subscription revenue $91.2M (+6% YoY, +13% constant currency).
- GAAP net income $0.3M ($0.00 EPS); non-GAAP net income $12.3M ($0.07 EPS); adjusted EBITDA $28.8M (30.9% margin).
- Raised FY2022 adjusted EBITDA margin outlook to 30%, reaffirmed total revenue growth of ~7% YoY (12-13% constant currency).
- TTM dollar-based net retention rate 104% including ~4 points of negative FX impact.
- Cash $87.7M, total debt $337.5M at quarter end.