NYSE$CXM

Sprinklr Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Sprinklr's Q2 2022 financial results were announced, revealing revenue growth and continued adoption of its Unified-CXM platform.

Sprinklr reported a 27% year-over-year increase in total revenue, reaching $118.7 million for the second quarter of fiscal year 2022. Subscription revenue also grew by 25% year-over-year, totaling $103.3 million. The company's customer base continues to expand, with 74 customers now paying $1 million or more in subscription revenue.

  • Total revenue increased by 27% year-over-year to $118.7 million.
  • Subscription revenue grew by 25% year-over-year to $103.3 million.
  • Operating loss was $29.3 million, compared to operating income of $4.9 million one year ago.
  • 74 customers are now paying $1 million or more in subscription revenue, up 23% year-over-year.

Headline financials

Total Revenue

$119M

Previous: $186M-36.4%
EPS (adj)

-$0.09

Previous: -$0.09+0.0%
Large Customers

74

Previous: 74+0.0%
Capital Expenditures

-$3.86M

Previous: $1.59M-343.5%
Free Cash Flow

-$37.1M

Previous: $21.9M-269.7%
Net Income

-$33.2M

Previous: $3.01M-1204.9%
Operating Income

-$29.3M

Previous: $4.85M-703.9%
Gross Profit

$81.4M

Previous: $66.2M+22.9%
Cash & Equivalents

$434M

Previous: $105M+312.0%
Total Assets

$851M

No prior period
Stock-Based Comp

$16.6M

Previous: $9.41M+76.7%

Revenue & EPS history

Sprinklr · Revenue · Quarterly

$119M

Q2 2022-36.4%vs Q2 2021
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

Sprinklr · $119M total across 2 segments · Q2 2022

  • Subscription
    $103M+24.8%
  • Professional services
    $15.4M+43.9%

Forward guidance

Sprinklr provided guidance for the third fiscal quarter ending October 31, 2021, and the full fiscal year ending January 31, 2022.

Tailwinds

  • Subscription revenue between $104 million and $106 million for Q3 2022.
  • Total revenue between $117 million and $119 million for Q3 2022.
  • Subscription revenue between $413 million and $418 million for full fiscal year 2022.
  • Total revenue between $470 million and $475 million for full fiscal year 2022.

Headwinds

  • Non-GAAP operating loss between $24 million and $26 million for Q3 2022.
  • Non-GAAP net loss per share between $0.09 and $0.10, assuming 260 million weighted average shares outstanding for Q3 2022.
  • Non-GAAP operating loss between $62 million and $66 million for full fiscal year 2022.
  • Non-GAAP net loss per share between $0.36 and $0.38, assuming 197 million weighted average shares outstanding for full fiscal year 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+1.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

-3.8%

Avg return

30 days after

60%

15 / 25 earnings

Positive

+20.2%

Q4 2023

Best reaction

-33.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-3.2%-3.7%
Q4 2026+6.4%+2.1%-3.9%
Q3 2026+3.1%+2.7%-2.9%
Q2 2026-10.0%-8.0%-9.7%
Q1 2026+0.0%+6.7%+13.9%
Q4 2025+16.6%+6.9%-10.1%
Q3 2025+5.1%+9.3%+6.4%
Q2 2025-9.5%-13.2%-13.4%
Q1 2025-14.1%-16.3%-7.0%
Q4 2024-4.3%-5.0%-6.9%
Q3 2024-33.6%-33.5%-29.2%
Q2 2024+0.4%+0.7%-9.8%
Q1 2024+11.5%+4.8%+3.2%
Q4 2023+20.2%+20.8%+12.4%
Q3 2023-0.4%+2.9%-5.3%
Q2 2023+7.0%+8.7%-14.9%
Q1 2022+5.2%+4.5%+5.1%
Q1 2023+5.2%+4.5%+5.1%
Q4 2020+0.1%+0.1%-20.0%
Q4 2022+16.9%+17.0%+11.9%
Q3 2021+17.1%+11.8%+9.5%
Q3 2022+6.5%+3.8%+4.9%
Q2 2021-7.6%-8.1%-13.8%
Q4 2021-7.6%-8.1%-13.8%
Q2 2022+6.8%+0.2%-3.4%
Q1 2021

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