N-able Q1 revenue $99.8M (+10% YoY); raises FY constant-currency revenue and EBITDA outlook

N-able, Inc.

2023-Q1 EPS reported $0.02 revenue$99,818,000

Total revenue $99.8M, up ~10% YoY (13% constant currency); subscription revenue $97.4M.
GAAP net income $3.5M ($0.02/diluted); non-GAAP net income $15.0M ($0.08/diluted).
Adjusted EBITDA $32.7M (32.8% margin); FY 2023 EBITDA outlook raised to $127-$130M.
FY 2023 constant-currency revenue growth outlook raised to 12%-13% YoY.
TTM dollar-based net retention rate 103% (108% constant currency); launched Managed EDR.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

N-able, Inc. reported first quarter ended March 31, 2023 results: revenue $99.8 million, net income $3.5 million, EPS $0.02 per diluted share. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $99.8 million
Net income: $3.5 million
EPS: $0.02 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

environment and our aim to operate an all-weather business model that drives continued top- and bottom-line growth.” First quarter 2023 financial highlights: • Total revenue of $99.8 million, representing approximately 10% year-over-year growth, or approximately 13% year-over-year growth on a constant currency basis. • Subscription revenue of $97.4 million,

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Source: SEC EDGAR

accession 0001834488-23-000065

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