NASDAQ$APPN
Appian Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Appian's Q1 2020 results showed strong subscription revenue growth and overall revenue increase, driven by demand for digital transformation and automation.
Appian's Q1 2020 saw a 31% year-over-year increase in total revenue, reaching $78.9 million, with subscriptions revenue growing by 46% to $50.4 million. The company reported a GAAP net loss of $11.7 million, or $0.17 per share, and a non-GAAP net loss of $8.2 million, or $0.12 per share. Cloud subscription revenue retention rate was 115% as of March 31, 2020.
- Total revenue increased 31% year-over-year to $78.9 million.
- Subscriptions revenue grew 46% year-over-year to $50.4 million.
- Cloud subscription revenue increased 33% year-over-year to $28.4 million.
- GAAP net loss was $(11.7) million, or $(0.17) per share.
Headline financials
Revenue & EPS history
Appian · Revenue · Quarterly
$78.9M
Revenue by segment
Appian · $56.8M total across 2 segments · Q1 2020
- Cloud Subscriptions$28.4M+32.7%50.0%
- Professional Services$28.4M+10.3%50.0%
Forward guidance
Appian provided guidance for the second quarter of 2020, expecting cloud subscription revenue between $28.4 million and $28.7 million, and total revenue between $60.0 million and $61.0 million. They withdrew the full year 2020 guidance.
Tailwinds
- Cloud subscription revenue is expected to be in the range of $28.4 million and $28.7 million, representing year-over-year growth of between 25% and 26%.
- Total revenue is expected to be in the range of $60.0 million and $61.0 million.
- Adjusted EBITDA loss is expected to be in the range of $(16.0) million and $(14.0) million.
- Non-GAAP net loss per share is expected to be in the range of $(0.26) and $(0.23).
- Assumes 67.7 million weighted average common shares outstanding.
Headwinds
- Total revenue is expected to be in the range of $60.0 million and $61.0 million, representing year-over-year decrease of between 8% and 7%.
- Adjusted EBITDA loss is expected to be in the range of $(16.0) million and $(14.0) million.
- Non-GAAP net loss per share is expected to be in the range of $(0.26) and $(0.23).
- Appian is withdrawing the full year 2020 guidance it provided on February 20, 2020 for cloud subscription revenue, total revenue, adjusted EBITDA, and non-GAAP net loss per share.
- Uncertainty regarding the duration of COVID-19 and its impact on the global economy.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.4%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+2.6%
Avg return
30 days after
49%
17 / 35 earnings
Positive
+30.8%
Q3 2025
Best reaction
-21.6%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | -11.5% | +6.7% | |
| Q4 2025 | +1.8% | +3.7% | +5.2% | |
| Q3 2025 | +30.8% | +50.8% | +39.7% | |
| Q1 2025 | +5.3% | +8.2% | +5.8% | |
| Q4 2024 | +16.2% | +3.7% | -3.9% | |
| Q3 2024 | +0.7% | -1.3% | +0.4% | |
| Q2 2024 | -19.2% | -24.8% | -12.2% | |
| Q1 2024 | -12.9% | -13.3% | -22.7% | |
| Q4 2023 | +11.5% | +8.3% | +8.4% | |
| Q3 2023 | +2.0% | -2.2% | -3.7% | |
| Q2 2023 | +2.3% | -0.4% | +2.3% | |
| Q1 2023 | +5.5% | -0.1% | +34.5% | |
| Q4 2022 | +3.9% | -3.6% | -5.9% | |
| Q3 2022 | -19.1% | -26.3% | -19.9% | |
| Q2 2022 | -1.4% | -6.8% | -21.9% | |
| Q1 2022 | -7.2% | +16.4% | -4.0% | |
| Q4 2021 | +1.6% | -3.6% | +13.1% | |
| Q3 2021 | -8.4% | +3.1% | -29.9% | |
| Q2 2021 | -5.7% | -2.4% | +3.7% | |
| Q1 2021 | -13.7% | -13.2% | -11.1% | |
| Q4 2020 | -5.9% | -16.5% | -30.0% | |
| Q3 2020 | +28.2% | +36.8% | +114.0% | |
| Q2 2020 | +1.9% | -8.2% | +10.4% | |
| Q1 2020 | +0.4% | -2.2% | +8.9% | |
| Q4 2019 | -21.6% | -23.9% | -42.9% | |
| Q3 2019 | -1.9% | -5.9% | -4.8% | |
| Q2 2019 | +26.0% | +34.7% | +28.8% | |
| Q1 2019 | -10.2% | -6.9% | +1.1% | |
| Q4 2018 | -7.2% | -4.0% | -9.4% | |
| Q3 2018 | -0.5% | +3.3% | +16.9% | |
| Q2 2018 | -4.3% | -0.3% | +9.6% | |
| Q1 2018 | -7.6% | -7.6% | +15.4% | |
| Q4 2017 | -6.2% | -9.5% | -14.3% | |
| Q3 2017 | -1.1% | -1.4% | -9.6% | |
| Q2 2017 | +0.5% | +13.7% | +13.4% | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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