earnings
confidence high
sentiment positive
materiality 0.75
N-able Q3 revenue $116.4M (+8.3% YoY), raises FY2024 adj. EBITDA margin guide to 37%
N-able, Inc.
2024-Q3 EPS reported
$0.15
revenue$349,638,000
- GAAP net income $10.8M ($0.06 diluted EPS); non-GAAP net income $24.3M ($0.13 diluted EPS).
- Adjusted EBITDA $44.8M, up 22.7% YoY, margin 38.5% (above raised full-year outlook of 37%).
- Subscription revenue $115.0M, +9.3% YoY; TTM dollar-based net revenue retention rate 105%.
- Full-year 2024 revenue outlook midpoint raised to $462M; adj. EBITDA margin outlook raised to 37%.
- Cash and cash equivalents $174.4M; total debt net $333.6M as of Sep 30, 2024.