Sprout Social, Inc. Provides Earnings Guidance for the Second Quarter of 2022
May 03, 2022 at 04:05 pm EDT
Share
Sprout Social, Inc. provided earnings guidance for the second quarter of 2022. For the second quarter of 2022, the Company currently expects: Total revenue between $60.2 million and $60.3 million, or growth of 35% year-over-year. Non-GAAP operating loss between $3.2 million and $3.0 million.
Non-GAAP net loss per share of approximately $0.06 based on approximately 54.4 million weighted-average shares of common stock outstanding.
Sprout Social, Inc. is engaged in designing, developing, and operating a Web-based social media management tool enabling companies to manage and measure their online presence. The Company provides organizations with a centralized platform to manage their social media efforts across stakeholders and business functions. Its cloud software brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. The Company operates across major networks, including X (formerly known as Twitter), Facebook, Instagram, TikTok, Pinterest, LinkedIn, Google, Reddit, Glassdoor and YouTube, and commerce platforms Facebook Shops, Shopify, and WooCommerce. Its cloud platform allows organizations of all sizes to create stronger relationships through social media, create and publish effective content, measure, and improve performance, and better understand their markets and customers. It also offers a 30-day free trial model to its prospective customers.
SPROUT SOCIAL, INC. 
