Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PROS HOLDINGS, INC.

(PRO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PROS : Q1 2021 Earnings Conference Call

05/04/2021 | 05:49pm EDT

PROS Holdings, Inc.

Supplemental Information (unaudited)

Revenue

Q2 '19

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4'20

Q1 '21

Subscription

$

35,108

$

38,592

$

40,706

$

43,170

$

42,377

$

42,029

$

42,897

$

42,648

Maintenance and Support

15,040

14,405

13,412

12,523

11,741

10,765

9,663

9,674

Recurring Revenue

$

50,148

$

52,997

$

54,118

$

55,693

$

54,118

$

52,794

$

52,560

$

52,322

Services

13,730

11,153

12,057

10,618

9,629

8,714

8,298

9,056

Total Revenue

$

63,878

$

64,150

$

66,175

$

66,311

$

63,747

$

61,508

$

60,858

$

61,378

Recurring Revenue %

79%

83%

82%

84%

85%

86%

86%

85%

Revenue by Geography

Q2 '19

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4'20

Q1 '21

United States

$

20,862

$

21,631

$

23,690

$

21,800

$

20,715

$

19,960

$

19,824

$

24,068

Europe

18,720

19,279

18,628

19,930

17,682

18,827

18,497

18,692

Rest of World

24,296

23,240

23,857

24,581

25,350

22,721

22,537

18,618

Financial and Operating Metrics

Q2 '19

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4'20

Q1 '21

Non-GAAP Gross Margin

66%

61%

60%

59%

62%

62%

61%

59%

Non-GAAP Recurring Revenue Gross Margin

77%

76%

75%

74%

74%

74%

72%

71%

Adjusted EBITDA

$

(1,788)

$

(2,219)

$

(4,625)

$

(11,442)

$

(5,714)

$

(6,223)

$

(4,175)

$

(9,352)

Cash and Cash Equivalents

$

329,562

$

319,162

$

306,077

$

251,782

$

220,157

$

322,352

$

329,134

$

323,929

Recurring Deferred Revenue

$

109,818

$

110,921

$

125,143

$

124,969

$

104,512

$

105,298

$

95,551

$

109,504

Total Deferred Revenue

$

128,603

$

127,932

$

142,260

$

140,240

$

118,396

$

118,040

$

110,528

$

122,006

Remaining Performance Obligations*

$

378,000

$

365,200

$

403,700

$

391,000

$

374,500

$

366,800

$

389,700

$

401,300

Remaining Performance Obligations - Current

$

182,700

$

176,600

$

188,300

$

191,600

$

180,800

$

175,400

$

178,900

$

191,000

Free Cash Flow

$

(5,207)

$

3,008

$

10,956

$

(25,542)

$

(23,482)

$

(15,729)

$

11,430

$

(4,632)

Total Headcount (including contractors)

1,253

1,355

1,413

1,454

1,428

1,424

1,403

1,397

Quota-carrying Personnel - New Business

62

67

69

64

68

65

51

54

*Remaining performance obligation represents contracted revenue that has not yet been recognized, which includes deferred revenue and unbilled amounts that will be recognized as revenue in future periods.

PROS Holdings, Inc.

Supplemental Information - Explanation of Non-GAAP Measures

PROS has provided certain financial information that has not been prepared in accordance with GAAP. This information includes non-GAAP gross profit, non- GAAP gross margin, non-GAAP recurring revenue gross margin, adjusted EBITDA and free cash flow. PROS uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating PROS' ongoing operational performance and cloud transition.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measure. A reconciliation of GAAP to the non-GAAP financial measures has been provided in these tables and in the earnings press release. PROS' use of non-GAAP financial measures may not be consistent with the presentations by similar companies in PROS' industry.

Non-GAAP gross profit: Non-GAAP gross profit is defined as GAAP gross profit less the portion of new headquarters noncash rent expense, amortization of acquisition-related intangibles and share-based compensation costs allocated to cost of subscription, maintenance, license and services. Non-GAAP gross margin is calculated as the percentage of non-GAAP gross profit divided by total revenue. Non-GAAP recurring revenue gross margin is similarly calculated to compare the non-GAAP gross profit of recurring revenue (subscription, maintenance and support revenue) to total recurring revenue. In calculating the non-GAAP gross profit of recurring revenue, the total costs of subscription, maintenance and support are adjusted to reduce such costs by the portion of new headquarters noncash rent expense, amortization of acquisition-related intangibles and share-based compensation costs allocated to cost of subscription and cost of maintenance.

Adjusted EBITDA: Adjusted EBITDA is defined as GAAP net income (loss) before interest expense, provision for income taxes, depreciation and amortization, as adjusted to eliminate the effect of stock-based compensation cost, amortization of acquisition-related intangibles, depreciation and amortization, integration costs and other one-time direct costs associated with our acquisitions, new headquarters noncash rent expense, debt extinguishment fees and capitalized internal-use software development costs. Adjusted EBITDA should not be considered as an alternative to net income (loss) as an indicator of our operating performance.

Free Cash Flow: Free cash flow is a non-GAAP financial measure which is defined as net cash provided by (used in) operating activities, less capital expenditures (excluding expenditures for PROS new headquarters), purchases of other (non-acquisition-related) intangible assets and capitalized internal-use software development costs.

PROS Holdings, Inc.

Supplemental Information - GAAP to Non-GAAP Reconciliations (unaudited)

Gross Profit

Q2 '19

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4'20

Q1 '21

GAAP Gross Profit

$

40,295

$

37,767

$

37,814

$

37,584

$

37,797

$

36,871

$

35,539

$

34,886

New headquarters noncash rent expense

160

166

167

162

156

99

-

-

Amortization of acquisition-related intangibles

993

961

907

842

948

910

886

421

Share-based compensation

494

503

490

524

502

519

587

826

Non-GAAP Gross Profit

$

41,942

$

39,397

$

39,378

$

39,112

$

39,403

$

38,399

$

37,012

$

36,133

Non-GAAP Gross Margin

66%

61%

60%

59%

62%

62%

61%

59%

Adjusted EBITDA

Q2 '19

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4'20

Q1 '21

GAAP Loss From Operations

$

(12,145)

$

(12,512)

$

(15,071)

$

(21,352)

$

(15,139)

$

(16,163)

$

(13,426)

$

(20,590)

Acquisition-related expenses

-

248

254

-

-

-

-

-

Amortization of acquisition-related intangibles

1,425

1,425

1,398

1,383

1,375

1,386

1,363

867

New headquarters noncash rent expense

555

554

555

555

554

370

-

-

Debt extinghishment fees

319

-

-

-

-

-

-

-

Share-based compensation

5,979

6,209

6,446

6,347

5,752

6,378

5,922

8,170

Depreciation and other amortization

2,079

2,010

2,208

2,037

2,138

2,265

2,387

2,201

Capitalized internal-use software development costs

-

(153)

(415)

(412)

(394)

(459)

(421)

-

Adjusted EBITDA

$

(1,788)

$

(2,219)

$

(4,625)

$

(11,442)

$

(5,714)

$

(6,223)

$

(4,175)

$

(9,352)

Free Cash Flow

Q2 '19

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4'20

Q1 '21

Cash Flow From Operations

$

(3,549)

$

4,037

$

12,852

$

(24,173)

$

(22,782)

$

(14,886)

$

12,452

$

(4,429)

Purchase of property and equipment

(excluding new headquarters)

(1,658)

(876)

(1,481)

(957)

(306)

(384)

(601)

(203)

Capitalized internal-use software development costs

-

(153)

(415)

(412)

(394)

(459)

(421)

-

Free Cash Flow

$

(5,207)

$

3,008

$

10,956

$

(25,542)

$

(23,482)

$

(15,729)

$

11,430

$

(4,632)

Disclaimer

PROS Holdings Inc. published this content on 04 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2021 21:48:07 UTC.


ę Publicnow 2021
All news about PROS HOLDINGS, INC.
05/10INSIDER TRENDS : Insider Prolongs 90-Day Selling Trend at PROS Holdings
MT
05/04PROS HOLDINGS : Q1 Earnings Snapshot
AQ
05/04PROSá : MarTech Interview with Katrina Klier, Chief Marketing Officer at PROS
PU
05/04PROSá : Q1 Results Beat Consensus, Sets Q2 and FY21 Guidance
MT
05/04PROSá : Q1 2021 Earnings Conference Call
PU
05/04GUIDANCE : (PRO) PROS HOLDINGS Sees Fiscal Year 2021 Revenue Range $250.5M - $25..
MT
05/04GUIDANCE : (PRO) PROS HOLDINGS Sees Q2 Revenue Range $61M - $62M
MT
05/04PROSá : Earnings Flash (PRO) PROS HOLDINGS Reports Q1 Loss $-0.22, vs. Street Es..
MT
05/04PROSá : Earnings Flash (PRO) PROS HOLDINGS Posts Q1 Revenue $61.4M, vs. Street E..
MT
05/04PROSá : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS ..
AQ
More news
Financials (USD)
Sales 2021 252 M - -
Net income 2021 -85,1 M - -
Net cash 2021 66,8 M - -
P/E ratio 2021 -19,8x
Yield 2021 -
Capitalization 1 696 M 1 696 M -
EV / Sales 2021 6,46x
EV / Sales 2022 5,96x
Nbr of Employees 1 403
Free-Float 80,9%
Chart PROS HOLDINGS, INC.
Duration : Period :
PROS Holdings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PROS HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 47,88 $
Last Close Price 38,33 $
Spread / Highest target 56,5%
Spread / Average Target 24,9%
Spread / Lowest Target -21,7%
EPS Revisions
Managers and Directors
NameTitle
Andres D. Reiner President, Chief Executive Officer & Director
StÚfan Brent Schulz Chief Financial Officer & Executive Vice President
William V. Russell Non-Executive Chairman
Roberto Reiner Chief Technology Officer & Executive VP
Leslie J. Rechan Executive VP, Chief Operating & Customer Officer
Sector and Competitors
1st jan.Capitalization (M$)
PROS HOLDINGS, INC.-24.50%1 806
ORACLE CORPORATION24.29%231 836
SAP SE7.82%168 249
INTUIT INC.5.58%109 821
SERVICENOW, INC.-15.19%95 468
DOCUSIGN, INC.-12.15%37 993