Brief: Appian Corp Reports First Quarter Results

Appian

09/05/2023 21:49

May 9 (Reuters) - Appian Corp  APPN.O :
    * APPIAN ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS
    * Q1 GAAP LOSS PER SHARE $0.51
    * Q1 EARNINGS PER SHARE VIEW $-0.29 -- REFINITIV IBES DATA
    * QTRLY CLOUD SUBSCRIPTION REVENUE WAS $69.7 MILLION, UP 31%
COMPARED TO Q1 OF 2022
    * QTRLY NON-GAAP NET LOSS PER SHARE WAS $0.27
    * Q2 CLOUD SUBSCRIPTION REVENUE IS EXPECTED TO BE BETWEEN
$72.0
MILLION AND $74.0 MILLION
    * Q2 TOTAL REVENUE IS EXPECTED TO BE BETWEEN $123.0 MILLION
AND
$125.0 MILLION
    * Q2 ADJUSTED EBITDA LOSS IS EXPECTED TO BE BETWEEN $30.0
MILLION
AND $26.0 MILLION
    * APPIAN - Q2 NON-GAAP NET LOSS PER SHARE IS EXPECTED TO BE
BETWEEN $0.46 AND $0.40, ASSUMING WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING OF 73.0 MILLION
    * 2023 CLOUD SUBSCRIPTION REVENUE IS EXPECTED TO BE BETWEEN
$296.0
MILLION AND $298.0 MILLION
    * 2023 TOTAL REVENUE IS EXPECTED TO BE BETWEEN $533.0
MILLION AND
$538.0 MILLION
    * APPIAN - 2023 NON-GAAP NET LOSS PER SHARE IS EXPECTED TO
BE
BETWEEN $1.16 AND $1.09, ASSUMING WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING OF 73.2 MILLION
    * Q1 EARNINGS PER SHARE VIEW $-0.29 -- REFINITIV IBES DATA
    * Q2 EARNINGS PER SHARE VIEW $-0.40, REVENUE VIEW $124.2
MILLION
-- REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $-1.14, REVENUE VIEW $532.8
MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNXc39wQD 
Further company coverage:  APPN.O 

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