NASDAQ$UPLD
Upland Software Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Upland Software's financial performance decreased compared to the same quarter last year, but beat revenue and Adjusted EBITDA guidance midpoints.
Upland Software reported a decrease in total revenue and subscription revenue compared to Q1 2023. However, the company beat revenue and Adjusted EBITDA guidance midpoints. They drove innovation with 10 key AI initiatives and welcomed 21 new major customers.
- Total revenue was $70.7 million, down 8% year-over-year.
- Subscription and support revenue was $67.1 million, down 8% year-over-year.
- GAAP net loss was $96.1 million, improved from a $140.0 million loss in Q1 2023 primarily due to lower goodwill impairments.
- Adjusted EBITDA was $13.1 million, or 19% of total revenue, compared to $17.6 million, or 23% of total revenue, in Q1 2023.
Headline financials
Revenue & EPS history
Upland · Revenue · Quarterly
$70.7M
Revenue by segment
Upland · $74.1M total across 3 segments · Q3 2023
- Subscription and Support$70M-6.8%94.4%
- Professional Services$2.67M-3.8%3.6%
- Perpetual License$1.49M-11.3%2.0%
Forward guidance
For Q2 2024, Upland expects revenue between $64.4 and $70.4 million and Adjusted EBITDA between $11.8 and $14.8 million. For the full year 2024, Upland expects revenue between $264.7 and $282.7 million and Adjusted EBITDA between $50.8 and $59.8 million.
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 2024
+1.5%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+0.9%
Avg return
30 days after
57%
26 / 46 earnings
Positive
+27.4%
Q3 2023
Best reaction
-37.6%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.3% | +51.4% | +44.4% | |
| Q4 2025 | -13.6% | -24.8% | -23.6% | |
| Q3 2025 | -7.7% | -4.1% | -9.8% | |
| Q1 2025 | -2.2% | -7.7% | -37.0% | |
| Q4 2024 | +8.4% | +10.1% | -14.0% | |
| Q3 2024 | +16.7% | +23.0% | +100.5% | |
| Q2 2024 | +8.2% | -8.5% | -4.1% | |
| Q1 2024 | +26.3% | +63.9% | +34.1% | |
| Q4 2023 | -37.6% | -42.9% | -37.8% | |
| Q3 2023 | +27.4% | +42.3% | +47.3% | |
| Q2 2023 | -4.5% | -10.8% | +5.4% | |
| Q1 2023 | +1.9% | -10.5% | -9.1% | |
| Q4 2022 | -31.3% | -33.9% | -51.8% | |
| Q3 2022 | +1.6% | -6.5% | -1.3% | |
| Q2 2022 | +4.6% | +2.3% | -14.5% | |
| Q1 2022 | -6.8% | -7.7% | -4.8% | |
| Q4 2021 | +25.3% | +19.3% | +8.6% | |
| Q3 2021 | -21.3% | -22.2% | -40.5% | |
| Q2 2021 | +1.5% | +5.9% | +11.1% | |
| Q1 2021 | -13.8% | -11.9% | -15.5% | |
| Q4 2020 | +0.3% | +6.3% | +1.1% | |
| Q3 2020 | -1.7% | -13.9% | -7.7% | |
| Q2 2020 | +2.6% | -12.7% | -10.1% | |
| Q1 2020 | +5.8% | -1.1% | +20.1% | |
| Q4 2019 | -4.1% | -3.6% | -38.7% | |
| Q3 2019 | -9.7% | -6.8% | -6.4% | |
| Q2 2019 | +8.0% | +3.7% | -11.7% | |
| Q1 2019 | +1.4% | -4.2% | +1.8% | |
| Q4 2018 | +22.0% | +23.9% | +24.8% | |
| Q3 2018 | -1.7% | -9.3% | -16.7% | |
| Q2 2018 | +2.2% | +2.3% | +3.8% | |
| Q1 2018 | +8.4% | +7.8% | +18.1% | |
| Q4 2017 | +10.4% | +3.8% | +3.4% | |
| Q3 2017 | -2.0% | -1.5% | +5.9% | |
| Q2 2017 | -1.1% | +0.5% | -3.9% | |
| Q1 2017 | +1.2% | +6.2% | +2.7% | |
| Q4 2016 | +11.9% | +11.1% | +22.5% | |
| Q3 2016 | +8.4% | +7.3% | +17.3% | |
| Q2 2016 | +10.1% | +15.4% | +20.9% | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | +1.2% | — | — | |
| Q3 2015 | -4.8% | — | — | |
| Q2 2015 | -1.0% | — | — | |
| Q1 2015 | +20.2% | — | — | |
| Q4 2014 | -1.9% | — | — | |
| Q3 2014 | +0.0% | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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