Upland Software, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 23, 2023 at 04:08 pm EST
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Upland Software, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported revenue was USD 78.81 million compared to USD 75.73 million a year ago. Net loss was USD 22.68 million compared to USD 7.47 million a year ago. Basic loss per share from continuing operations was USD 0.75 compared to USD 0.24 a year ago.
For the full year, revenue was USD 317.3 million compared to USD 302.02 million a year ago. Net loss was USD 68.41 million compared to USD 58.21 million a year ago. Basic loss per share from continuing operations was USD 2.23 compared to USD 1.92 a year ago.
Upland Software, Inc. provides cloud-based software applications. The Company's applications enable its customers to drive digital transformation in various business functions, including marketing, sales, contact center, knowledge management, project management, information technology, business operations, and human resources and legal. Its applications interact with consumers across multiple channels to acquire new customers, drive product and service utilization, and resolve issues. It offers applications that help organizations optimize their sales opportunities and account management processes, coordinate proposal and reference activities, collaborate on the creation and publication of digital content and gain increased control over key sales and marketing workflows, activities and budgets. It offers applications that improve customer experience and reduce call volume and cycle times through customer self-service products and voice of the customer (VoC) technology.
UPLAND SOFTWARE, INC. 
