NASDAQ$APPN

Appian Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Appian announced financial results for the fourth quarter and full year ended December 31, 2019.

Appian's Q4 2019 total revenue was $68.6 million, with cloud subscription revenue reaching $26.4 million. The cloud subscription revenue retention rate was 115%. GAAP net loss per share was $(0.16).

  • Cloud subscription revenue was $26.4 million for the fourth quarter of 2019.
  • Total revenue was $68.6 million for the fourth quarter of 2019.
  • Cloud subscription revenue retention rate was 115% as of December 31, 2019.
  • GAAP net loss per share attributable to common stockholders was $(0.16) for the fourth quarter of 2019.

Headline financials

Total Revenue

$68.6M

Previous: $60.2M+14.0%
EPS (adj)

-$0.11

Previous: -$0.14+21.4%
Capital Expenditures

$991K

No prior period
Free Cash Flow

-$6.96M

No prior period
Net Income

-$10.8M

No prior period
Operating Income

-$13.1M

No prior period
Gross Profit

$45.8M

No prior period
Cash & Equivalents

$160M

No prior period
Total Assets

$371M

No prior period
Stock-Based Comp

$3.39M

No prior period

Revenue & EPS history

Appian · Revenue · Quarterly

$68.6M

Q4 2019+14%vs Q4 2018
Beat estimate in 1 of 14 quarters(7%)
ActualEstimate

Revenue by segment

Appian · $52.9M total across 2 segments · Q4 2019

  • Professional Services
    $26.5M
  • Cloud Subscriptions
    $26.4M

Forward guidance

Appian provided guidance for Q1 2020 and full year 2020, including cloud subscription revenue, total revenue, Adjusted EBITDA loss, and Non-GAAP net loss per share.

Tailwinds

  • Cloud subscription revenue is expected to be in the range of $27.8 million and $28.1 million for Q1 2020.
  • Total revenue is expected to be in the range of $71.0 million and $71.5 million for Q1 2020.
  • Cloud subscription revenue is expected to be in the range of $121.3 million and $123.1 million for full year 2020.
  • Total revenue is expected to be in the range of $296.0 million and $298.0 million for full year 2020.
  • The estimated range for subscription revenue guidance for the first quarter 2020 represents a year-over-year growth rate of between 32% to 33%.

Headwinds

  • Adjusted EBITDA loss is expected to be in the range of $(12.0) million and $(11.0) million for Q1 2020.
  • Non-GAAP net loss per share is expected to be in the range of $(0.20) and $(0.18) for Q1 2020.
  • Adjusted EBITDA loss is expected to be in the range of $(34.0) million and $(32.0) million for full year 2020.
  • Non-GAAP net loss per share is expected to be in the range of $(0.58) and $(0.55) for full year 2020.
  • The impact from ASC 606 on full year 2020 subscriptions revenue is anticipated to be more than the $8.8 million decrease in 2019.

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 Q4 2019

Historical avgQ4 2019

-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

Earnings price reactions
QuarterReport dateReaction (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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