NASDAQ$APPN
Appian Corporation · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Appian's Q3 2020 results were announced, demonstrating revenue growth and exceeding expectations.
Appian announced its Q3 2020 financial results, reporting a 17% increase in total revenue to $77.3 million and a 40% increase in cloud subscription revenue to $34.3 million. The company's GAAP net loss was $(3.6) million, or $(0.05) per share, while non-GAAP net loss was $(34,000), or $(0.00) per share. Appian exceeded its guidance and reached an all-time high for gross profit margin.
- Cloud subscription revenue increased 40% year-over-year to $34.3 million.
- Total subscriptions revenue increased 34% year-over-year to $50.8 million.
- Total revenue was $77.3 million, up 17% compared to the third quarter of 2019.
- GAAP net loss was $(3.6) million, compared to $(14.7) million for the third quarter of 2019.
Headline financials
Revenue & EPS history
Appian · Revenue · Quarterly
$77.3M
Revenue by segment
Appian · $60.8M total across 2 segments · Q3 2020
- Cloud Subscriptions$34.3M+40.0%56.4%
- Professional Services$26.5M-6.7%43.6%
Forward guidance
Appian provided guidance for the fourth quarter and full year 2020.
Tailwinds
- Cloud subscription revenue is expected to be in the range of $35.0 million and $35.5 million, representing year-over-year growth of between 33% and 35%.
- Total revenue is expected to be in the range of $73.0 million and $74.0 million, representing a year-over-year increase of between 6% and 8%.
- Cloud subscription revenue is expected to be in the range of $127.3 million and $127.8 million, representing year-over-year growth of 34%.
- Total revenue is expected to be in the range of $296.0 million and $297.0 million, representing a year-over-year increase of 14%.
- This assumes 70.5 million weighted average common shares outstanding.
Headwinds
- Adjusted EBITDA loss is expected to be in the range of $(11.0) million and $(10.0) million.
- Non-GAAP net loss per share is expected to be in the range of $(0.18) and $(0.16).
- Adjusted EBITDA loss is expected to be in the range of $(24.0) million and $(23.0) million.
- Non-GAAP net loss per share is expected to be in the range of $(0.42) and $(0.40).
- This assumes 69.1 million weighted average common shares outstanding.
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 Q3 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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