Appian Corp Files 8-K on Financials

TL;DR

Appian dropped an 8-K on April 16th detailing their financial results. Check it for the latest numbers.

AI Summary

Appian Corporation filed an 8-K on April 16, 2024, to report on its results of operations and financial condition. The filing provides an update on the company's financial performance and operational status as of the reporting date.

Why It Matters

This filing provides investors with crucial, up-to-date information on Appian's financial health and operational performance, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine filing reporting on financial condition and results of operations, not indicating any immediate adverse events.

Key Players & Entities

• Appian Corporation (company) — Registrant
• 0001441683-24-000031 (filing_id) — Accession Number
• April 16, 2024 (date) — Date of Report
• 7950 Jones Branch Drive, McLean, VA 22102 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $86.6 m — subscriptions revenue is expected to be $86.6 million, up 24% compared to the first qua
• $149.8 m — evenue: Total revenue is expected to be $149.8 million, up 11% compared to the first qua

Filing Documents

• appn-20240416.htm (8-K) — 56KB
• 0001441683-24-000031.txt ( ) — 180KB
• appn-20240416.xsd (EX-101.SCH) — 2KB
• appn-20240416_lab.xml (EX-101.LAB) — 21KB
• appn-20240416_pre.xml (EX-101.PRE) — 12KB
• appn-20240416_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. Appian Corporation (together with its subsidiaries, "Appian," "the Company," "we," or "our") is holding an Investor Day presentation during our Appian World conference on April 16, 2024. In connection with our investor meeting, we are announcing preliminary financial results for the first quarter ended March 31, 2024. Set forth below are preliminary estimates of certain financial results that, based on available information to date, we expect to report for the three months ended March 31, 2024. While we expect our results will be within these ranges, our actual results may differ materially from these preliminary estimates. Preliminary Estimated Results for the First Quarter 2024 Cloud Subscriptions Revenue: Cloud subscriptions revenue is expected to be $86.6 million, up 24% compared to the first quarter of 2023. Total Revenue: Total revenue is expected to be $149.8 million, up 11% compared to the first quarter of 2023. GAAP net loss: GAAP net loss is expected to be between $(33.9) million and $(32.4) million, compared to $(36.8) million for the first quarter of 2023. Adjusted EBITDA: Adjusted EBITDA loss is expected to be between $(2.0) million and $(1.0) million, compared to adjusted EBITDA loss of $(15.8) million for the first quarter of 2023. Non-GAAP Financial Measure Adjusted EBITDA, a non-GAAP financial performance measure, is defined as net loss before (1) other non-operating expenses (income), net, (2) interest expense, (3) income tax expense, (4) depreciation expense and amortization of intangible assets, (5) stock-based compensation expense, (6) certain non-ordinary litigation-related expenses consisting of legal and other professional fees associated with the Pegasystems cases, (7) amortization of the judgment preservation insurance policy, or JPI, and (8) severance costs related to an involuntary reduction in our workforce in 2023. The most directly comparable GAAP financial measure t

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Current Report on Form 8-K other than statements of historical facts, including statements regarding the Company's future financial and business performance for the first quarter and full year 2024, are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "will," "plan," and similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including the risks and uncertainties associated with the Company's ability to grow its business and manage its growth, the Company's ability to sustain its revenue growth rate, continued market acceptance of the Company's AI-Powered Process platform and adoption of low-code solutions to drive digital transformation, the fluctuation of the Company's operating results due to the length and variability of its sales cycle, competition in the markets in which the Company operates, AI being a disruptive set of technologies that may affect the markets for the Company's software dramatically and in unpredictable ways, risks and uncertainties associated with the composition and concentration of the Company's customer base and their demand for its platform and satisfaction with the services provided by the Company, the Company's ability to operate in compliance with applicable laws and regulations, the Company's strategic relationships with third parties, and additional ri

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Appian Corporation Date: April 16, 2024 By: /s/ Mark Matheos Mark Matheos Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR