Earnings Call Summary | Upland Software(UPLD.US) Q4 2023 Earnings Conference
Earnings Call Summary | Upland Software(UPLD.US) Q4 2023 Earnings Conference
The following is a summary of the Upland Software, Inc. (UPLD) Q4 2023 Earnings Call Transcript:
以下是Upland Software, Inc.（UPLD）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Upland Software reported Q4 revenue of $72.2 million, down by 8% YoY due to declines in subscription support and professional service revenue.
Gross margin was 67%, with product gross margin at 68%, or 72% when adding back depreciation amortization.
Adjusted EBITDA was $14.1 million, or 19% of total revenue, down from 31% of total revenue in 2022's same quarter.
Free cash flow for FY23 stood at $48.7 million, in line with expectations, and aided by the liquidation of half of the interest rate swaps.
For Q1 2024, the company anticipates a total revenue between $65 million and $71 million and adjusted EBITDA between $11.3 million and $14.3 million.
For FY24, the projected reported total revenue is anticipated to be between $259 million and $283 million with an adjusted EBITDA between $49 million and $61 million.
Upland Software公布的第四季度收入为7,220万美元，同比下降8％，这是由于订阅支持和专业服务收入的下降。
毛利率为67％，产品毛利率为68％，加上折旧摊销后为72％。
调整后的息税折旧摊销前利润为1410万美元，占总收入的19％，低于2022年同期总收入的31％。
23财年的自由现金流为4,870万美元，符合预期，这得益于一半的利率互换的清算。
该公司预计2024年第一季度的总收入在6,500万美元至7,100万美元之间，调整后的息税折旧摊销前利润在1,130万美元至1,430万美元之间。
对于24财年，预计报告的总收入将在2.59亿美元至2.83亿美元之间，调整后的息税折旧摊销前利润在4900万美元至6100万美元之间。
Business Progress:
业务进展：
Upland Software added 154 new customers, including 15 major ones, in Q4 2023.
The company earned recognition as a leader in the 2023 Enterprise Content Management Data Quadrant report for its product, Filebound.
AI initiatives are in the development, including integration of Azure AI Search with BA Insights.
The company won 44 badges in G2's Winter 2024 market reports, indicating buyer satisfaction.
Significant improvements have been made on product development side, including building a Center of Excellence in India.
Upland Software plans to resume acquisitions in 2024.
In Q4 2023, the company used $10.8 million of cash to buy back about 2.5 million shares of common stock, intending fuller utilization of a potential total of $25 million.
As of December 2023, the company had a liquidity of about $297 million.
The company is forecasting a shift in growth from a negative 1% core organic growth rate in Q4 2023 to positive in 2024. It is planning for a free cash flow between $20 million to $25 million in 2024, signaling strategic financial management.
Upland Software 在 2023 年第四季度增加了 154 个新客户，包括 15 个主要客户。
该公司凭借其产品Filebound在2023年企业内容管理数据象限报告中被认可为领导者。
人工智能计划正在开发中，包括将Azure AI Search与BA见解集成。
该公司在G2的2024年冬季市场报告中赢得了44个徽章，这表明了买家的满意度。
在产品开发方面取得了重大改进，包括在印度建立卓越中心。
Upland Software计划在2024年恢复收购。
2023年第四季度，该公司使用1,080万澳元的现金回购了约250万股普通股，打算更充分地利用总额为2500万美元的潜在股份。
截至2023年12月，该公司的流动性约为2.97亿美元。
该公司预测，增长将从2023年第四季度的负1％的核心有机增长率转变为2024年的正增长。它计划在2024年实现2000万至2500万美元的自由现金流，这表明了战略财务管理。
More details: Upland Software IR
更多详情： Upland 软件红外
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