UPLD Earnings Prediction
The chart below shows how UPLD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UPLD sees a +3.08% change in stock price 10 days leading up to the earnings, and a -7.44% change 10 days following the report. On the earnings day itself, the stock moves by +1.15%. This data can give you a slight idea of what to expect for the next quarter's release.
UPLD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
66.69M
-10.02%
-3.82%
Gross Margin
53.23%
6.87%
-1.54%
Operating Margin
-4.93%
-47.78%
-36.22%
Net Margin
-2.60%
-77.78%
-84.24%
EPS
-0.12
-61.29%
-74.47%
No Data Available
UPLD Earnings Analysis
Upland Software, Inc. Corporation (UPLD.O) Earnings Conference Call
Positive
Customer Acquisition and Expansion: 1. Customer Growth: Upland Software welcomed 122 new customers in Q3 2024, including 18 major customers, and expanded relationships with 312 existing customers, which included 27 major expansions.
Adjusted EBITDA Growth Trend: 2. Sequential Adjusted EBITDA Growth: Adjusted EBITDA for Q3 2024 was $14 million, up from $13.6 million in Q2 2024, with a projected increase to $14.9 million in Q4 2024, indicating a strong upward trend.
Strong Profitability Metrics: 3. High Gross Margin: The overall gross margin for Q3 2024 was 70%, with product gross margin reaching 72%, showcasing strong profitability in operations.
Market Recognition Growth: 4. Recognition in Market Reports: Upland earned 72 badges in G2's Fall 2024 market reports, an increase from 56 badges in the previous quarter, highlighting the growing recognition of its product portfolio.
Debt Reduction and Cash Reserves: 5. Debt Paydown and Cash Position: Upland paid down $177 million of debt in Q3 2024, resulting in a net debt of approximately $241 million and maintaining about $60 million in cash on the balance sheet.
Negative
Revenue Decrease Analysis: 1. Revenue Decline: Total revenue for Q3 2024 was $66.7 million, representing a decrease of 10% year-over-year.
Subscription Revenue Decline: 2. Subscription Revenue Drop: Recurring revenue from subscription and support declined 9% year-over-year to $63.8 million.
Professional Services Revenue Drop: 3. Professional Services Revenue Decline: Professional services revenue was $1.8 million for the quarter, a 32% year-over-year decline.
Adjusted EBITDA Decline: 4. Adjusted EBITDA Decrease: Q3 2024 adjusted EBITDA was $14 million, down from $16.2 million in Q3 2023, reflecting a decline in adjusted EBITDA margin from 22% to 21%.
Revenue Decline Forecast: 5. Full Year Revenue Guidance: For the full year 2024, total revenue is expected to decline by 7% at the midpoint from the year ended December 31, 2023.
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UPLD Earning Call Sentiment
Upland Software, Inc. (UPLD) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
UPLD.O
-1.11%Positive
The earnings call summary reveals several concerns: a 10% revenue decline, decreased subscription revenue, and high floating debt interest rates. While there are positive aspects such as AI integration and customer expansion, these are overshadowed by competitive pressures and economic uncertainties. The Q&A section highlights a lack of clarity in management's responses regarding operational changes and strategic debt paydown. Despite some optimistic guidance, the overall sentiment is negative due to financial challenges and a lack of clear strategic direction.
