earnings
confidence high
sentiment positive
materiality 0.80
nCino Q2 FY2023 revenue $99.6M (+50% YoY); GAAP EPS ($0.25), guides Q3 rev $103-104M
nCino, Inc.
2023-Q2 EPS reported
-$0.53
revenue$193,838,000
- Total revenues $99.6M (+50% YoY); subscription revenues $84.4M (+57% YoY); organic subscription rev $69.4M (+29% YoY).
- GAAP net loss per share ($0.25) vs ($0.14) YoY; Non-GAAP net loss ($0.04) vs ($0.03) YoY.
- RPO $907.4M (+28% YoY); organic RPO $839.8M (+19% YoY).
- Q3 FY2023 guidance: total rev $103-104M, subscription rev $87-88M, non-GAAP net loss per share ($0.02)-($0.03).
- SimpleNexus subscription rev grew 73% YoY; added 26 new SimpleNexus customers in Q2.