Investor Presentaiton
Historical Consolidated Statements of Comprehensive Income (Unaudited)
Q1 2022
Q2 2022
Q3 2022
Q4 2022
FY 2022
Q1 2023
(in thousands, except share and per share amounts)
Revenue
Q2 2023
Recurring
One-time services and other
$
244,666 $
252,507 $
12,458
12,420
249,387 $
11,910
Total revenue
257,124
264,927
261,297
265,173 $
9,584
274,757
1,011,733 $
46,372
1,058,105
252,748 $
9,005
261,753
262,390
8,652
271,042
Cost of revenue
Cost of recurring
112,174
114,487
111,488
125,300
463,449
114,500
113,926
Cost of one-time services and other
11,188
11,120
9,449
10,183
41,940
8,612
Total cost of revenue
123,362
125,607
120,937
135,483
505,389
123,112
7,549
121,475
Gross profit
133,762
139,320
140,360
139,274
552,716
138,641
149,567
Operating expenses
Sales, marketing and customer success
55,216
52,737
56,414
57,088
221,455
54,385
53,191
Research and development
39,952
38,333
40,451
38,177
156,913
40,591
36,146
General and administrative
43,762
47,391
49,860
58,895
199,908
52,838
59,148
Amortization
811
805
647
662
2,925
774
788
Total operating expenses
(Loss) income from operations
Interest expense
139,741
139,266
147,372
154,822
581,201
148,588
149,273
(5,979)
54
(7,012)
(15,548)
(28,485)
(9,947)
(7,599)
(8,976)
(9,337)
(9,891)
(35,803)
(10,662)
294
(11,167)
Other income, net
1,121
3,133
4,454
5
8,713
2,007
2,778
Loss before benefit for income taxes
(12,457)
(5,789)
(11,895)
Income tax benefit
(2,050)
(2,367)
(1,576)
Net (loss) income
$
(10,407) $
(3,422) $
(10,319) $
(25,434)
(4,175)
(21,259) $
(55,575)
(10,168)
(45,407) $
(18,602)
(3,901)
(8,095)
(10,200)
(14,701) $
2,105
(Loss) earnings per share
Basic
$
(0.20) $
(0.07) $
(0.20) $
(0.41) $
(0.88) $
Diluted
$
(0.20) $
(0.07) $
(0.20) $
(0.41) $
(0.88) $
(0.28) $
(0.28) $
0.04
0.04
Common shares and equivalents outstanding
Basic weighted average shares
Diluted weighted average shares
51,199,717
51,199,717
51,660,739
51,660,739
51,692,152
51,692,152
51,716,948
51,716,948
51,569,148
51,569,148
52,132,999
52,132,999
52,642,411
53,643,124
Other comprehensive (loss) income
Foreign currency translation adjustment
Unrealized gain (loss) on derivative instruments, net of tax
Total other comprehensive income (loss)
Comprehensive (loss) income
(2,132)
10,905
8,773
(10,398)
2,558
(7,840)
(11,536)
7,906
(16,160)
2,158
3,055
6,797
(1,684)
18,576
(10,692)
5,383
(4,739)
6,222
2,416
(8,534)
8,438
$
(1,634) $
(11,262) $
(15,058) $
(15,037) $
(42,991) $
(23,235) $
10,543
Note 1: The individual amounts for each quarter may not sum to full year totals due to rounding.
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