Brief: Momentive Announces Fourth Quarter And Full Year 2022 Financial Results

Momentive Global

16/02/2023 23:00

Feb 16 (Reuters) - Momentive Global Inc  MNTV.O :
    * MOMENTIVE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022
FINANCIAL
RESULTS
    * MOMENTIVE GLOBAL INC - Q4 TOTAL REVENUE WAS $122.4
MILLION, AN
INCREASE OF 4% YEAR-OVER-YEAR
    * MOMENTIVE GLOBAL INC - Q4 GAAP NET LOSS WAS $3.6 MILLION
AND
GAAP DILUTED NET LOSS PER SHARE WAS $0.02
    * MOMENTIVE GLOBAL INC - PLAN DESIGNED TO FURTHER IMPROVE
ITS
OPERATING MARGIN
    * MOMENTIVE GLOBAL INC - PLAN INVOLVES REDUCTION OF
COMPANY'S
WORKFORCE BY APPROXIMATELY 14%
    * MOMENTIVE GLOBAL INC - ESTIMATE THAT WE WILL INCUR
APPROXIMATELY
$7.0 MILLION TO $9.0 MILLION
    * MOMENTIVE GLOBAL INC - EXPECT THAT MAJORITY OF COSTS WILL
BE
INCURRED AND PAID DURING Q1 OF 2023
    * MOMENTIVE GLOBAL INC - FOR Q1 OF 2023, MOMENTIVE CURRENTLY
EXPECTS REVENUE GROWTH (YEAR-OVER-YEAR) 0% TO 2%
    * MOMENTIVE GLOBAL INC - FOR Q1 OF 2023, MOMENTIVE CURRENTLY
EXPECTS NON-GAAP OPERATING MARGIN 6% TO 8%
    * MOMENTIVE GLOBAL INC - NOT PROVIDING FULL YEAR 2023
REVENUE
GUIDANCE DUE TO CURRENT MACROECONOMIC ENVIRONMENT

Source text for Eikon:  ID:nBw5jVZrTa 
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