NYSE$CXM

Sprinklr Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Sprinklr's Q4 2022 earnings were announced, revealing a year of accelerated growth and the establishment of the Unified-CXM category.

Sprinklr reported Q4 total revenue of $135.7 million, a 30% increase year-over-year, with subscription revenue up 31% to $117.7 million. The company's net dollar expansion rate (NDE) stood at 120%, and it increased its customer base with over $1 million in ARR to 82, a 26% increase year-over-year.

  • Total revenue for Q4 reached $135.7 million, reflecting a 30% year-over-year increase.
  • Subscription revenue in Q4 grew by 31% year-over-year, amounting to $117.7 million.
  • The company's Net Dollar Expansion rate (NDE) was reported at 120%, showing improvement since its IPO.
  • Sprinklr increased its customer base with over $1 million in ARR to 82, marking a 26% year-over-year increase.

Headline financials

Total Revenue

$136M

Previous: $104M+30.3%
EPS (adj)

-$0.05

Previous: -$0.11+54.5%
Large Customers

82

Previous: 65+26.2%
Capital Expenditures

$951K

Previous: $623K+52.6%
Free Cash Flow

-$15.9M

Previous: -$9.09M-75.4%
Net Income

-$36.9M

Previous: -$14M-163.4%
Operating Income

-$35.8M

Previous: -$10.5M-242.2%
Gross Profit

$95.9M

Previous: $71M+35.0%
Cash & Equivalents

$321M

Previous: $68M+372.4%
Total Assets

$920M

Previous: $597M+54.1%
Stock-Based Comp

$12.2M

Previous: $11.2M+9.0%

Revenue & EPS history

Sprinklr · Revenue · Quarterly

$136M

Q4 2022+30.3%vs Q4 2021
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

Sprinklr · $136M total across 2 segments · Q4 2022

  • Subscription
    $118M+30.7%
  • Professional services
    $18M+28.1%

Forward guidance

Sprinklr is providing the following guidance for the first fiscal quarter ending April 30, 2022: •Subscription revenue between $123 million and $125 million. •Total revenue between $140 million and $142 million. •Non-GAAP operating loss between $14 million and $16 million. •Non-GAAP net loss per share between $0.06 and $0.07, assuming 260 million weighted average shares outstanding. Sprinklr is providing the following guidance for the full fiscal year ending January 31, 2023: •Subscription revenue between $536 million and $544 million. •Total revenue between $607 million and $615 million. •Non-GAAP operating loss between $44 million and $48 million. •Non-GAAP net loss per share between $0.20 and $0.22, assuming 260 million weighted average shares outstanding.

Tailwinds

  • Subscription revenue between $123 million and $125 million for Q1 2023.
  • Total revenue between $140 million and $142 million for Q1 2023.
  • Subscription revenue between $536 million and $544 million for FY23.
  • Total revenue between $607 million and $615 million for FY23.
  • Sprinklr's platform is expected to deliver a unified experience to address customers’ demands.

Headwinds

  • Non-GAAP operating loss between $14 million and $16 million for Q1 2023.
  • Non-GAAP net loss per share between $0.06 and $0.07 for Q1 2023.
  • Non-GAAP operating loss between $44 million and $48 million for FY23.
  • Non-GAAP net loss per share between $0.20 and $0.22 for FY23.
  • The company's rapid growth may not be indicative of future growth.

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 Q4 2022

Historical avgQ4 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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