N-able Q4 revenue $108.4M (+13.2% YoY); FY2024 revenue growth guidance 9-10%

N-able, Inc.

2023-FY EPS reported $0.13 revenue$421,880,000

Q4 total revenue $108.4M (+13.2% YoY); subscription revenue $106.1M (+13.6% YoY).
Q4 GAAP net income $9.4M ($0.05 EPS); non-GAAP net income $19.8M ($0.11 EPS).
Q4 adjusted EBITDA $39.2M (36.2% margin), up 25.7% YoY; FY2023 adj. EBITDA $143.4M (34.0% margin).
FY2024 guidance: revenue growth 9-10% YoY, adj. EBITDA margin 34-35%; TTM net retention 110%.

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. updated its Full-Year 2024 guidance (initiated).

Period: Full-Year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Full-Year 2024 Revenue Outlook of 9% to 10% Year-Over-Year Growth Full-Year 2024 Adjusted EBITDA Margin Outlook of 34% to 35%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

N-able, Inc. reported fourth quarter ended December 31, 2023 results: revenue $108.4 million, net income $9.4 million, EPS $0.05 per diluted share.

Period: fourth quarter ended December 31, 2023
Revenue: $108.4 million
Net income: $9.4 million
EPS: $0.05 per diluted share
Result: preliminary results

Exact text from the filing

Fourth quarter 2023 financial highlights: • Total revenue of $108.4 million, representing 13.2% year-over-year growth, or 11.4% year-over-year growth on a constant currency basis. • Subscription revenue of $106.1 million, representing 13.6% year-over-year growth, or 11.7% year-over-year growth on a constant currency basis. • GAAP gross margin of 83.7% and non-GAAP gross margin of 84.5%. • GAAP net income of $9.4 million, or $0.05 per diluted share, and non-GAAP net income of $19.8 million, or $0.11 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

N-able, Inc. reported fiscal year ended December 31, 2023 results: revenue $421.9 million, net income $23.4 million, EPS $0.13 per diluted share.

Period: fiscal year ended December 31, 2023
Revenue: $421.9 million
Net income: $23.4 million
EPS: $0.13 per diluted share
Result: preliminary results

Exact text from the filing

Full-year 2023 financial highlights: • Total revenue of $421.9 million, representing 13.5% year-over-year growth on both a reported and constant currency basis. • Subscription revenue of $412.1 million, representing 13.6% year-over-year growth, or 13.7% year-over-year growth on a constant currency basis. • GAAP gross margin of 83.8% and non-GAAP gross margin of 84.6%. • GAAP net income of $23.4 million, or $0.13 per diluted share, and non-GAAP net income of $68.2 million, or $0.37 per diluted share.

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Source: SEC EDGAR

accession 0001834488-24-000028

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