Instructure Holdings, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2022
May 02, 2022 at 04:05 pm EDT
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Instructure Holdings, Inc. provided earnings guidance for the Second quarter and full year of 2022. For the quarter, the company expects revenue is expected to be in the range of $110.2 million to $111.2 million. Non-GAAP operating income is expected to be in the range of $35.8 million to $36.8 million. Adjusted EBITDA is expected to be in the range of $37.0 million to $38.0 million. Non-GAAP net income is expected to be $30.9 million to $31.9 million.
For the year, the company expects revenue is expected to be in the range of $460.9 million to $464.9 million. Non-GAAP operating income is expected to be in the range of $160.1 million to $164.1 million. Adjusted EBITDA is expected to be in the range of $164.8 million to $168.8 million. Non-GAAP net income is expected to be $143.5 million to $147.5 million.
Instructure Holdings, Inc. is an education technology company. The Company personalizes, simplifies, organizes, and automates the entire learning lifecycle through technology. Its learning platform comprises solutions, including Canvas LMS, Canvas Studio, Canvas Catalog, Canvas Network, Canvas Credentials, Canvas Student Pathways, Mastery Assessment, Impact, Elevate Data Sync, Elevate K-12 Analytics, Elevate Data Quality, Elevate Standards Alignment, and LearnPlatform. Canvas LMS is designed to give education customers of all sizes and at every level an extensive set of flexible tools to support and enhance content creation, management, and delivery of face-to-face, blended and online instruction. Canvas Studio is an online video platform that integrates with Canvas LMS, which enables customers to host, manage, edit, and deliver video learning experiences. Canvas Catalog is a course catalog and registration system. The Companyâs learning platform supports educators and learners.
INSTRUCTURE HOLDINGS, INC. 
