N-able Q1 revenue $113.7M (+14% YoY); raises FY24 constant currency revenue growth to 10-11%

N-able, Inc.

2024-Q1 EPS reported $0.04 revenue$113,749,000

Q1 revenue $113.7M, +14% YoY; subscription revenue $111.5M, +14.4% YoY.
GAAP net income $7.5M ($0.04 diluted EPS); non-GAAP net income $19.8M ($0.11).
Adjusted EBITDA $39.6M (34.8% margin), up 21% YoY.
Raised FY24 constant currency revenue growth outlook to 10-11% and adjusted EBITDA margin to 35%.
Cash $139.2M; total debt net $334.5M at quarter end.

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 0.95

N-able, Inc. reported first quarter ended March 31, 2024 results: revenue $113.7 million, net income $7.5 million, or $0.04 per diluted share. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $113.7 million
Net income: $7.5 million, or $0.04 per diluted share
Guidance: raised
Result: preliminary results

Exact text from the filing

Total revenue of $113.7 million, representing 14.0% year-over-year growth, or 13.7% year-over-year growth on a constant currency basis.

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Source: SEC EDGAR

accession 0001834488-24-000058

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