NYSE$ETWO
E2open Parent Holdings Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Announced financial results for the fiscal second quarter, showcasing subscription revenue growth and resilience amidst a weakening macroeconomic environment.
E2open reported strong fiscal second quarter 2023 results, with a significant increase in GAAP subscription revenue and total GAAP revenue. The company is maintaining its fiscal year 2023 EBITDA guidance despite FX headwinds.
- GAAP subscription revenue grew by 113.3% year-over-year to $131.6 million, representing 81.9% of total revenue.
- Total GAAP revenue increased by 105.8% year-over-year to $160.7 million.
- Adjusted EBITDA decreased by 4.0% year-over-year to $48.3 million, with an adjusted EBITDA margin of 30.1%.
- Net loss for the quarter was $409.6 million, compared to $24.0 million in the year-ago period; GAAP EPS was $(1.22) and adjusted EPS was $0.05.
Headline financials
Revenue & EPS history
E2open · Revenue · Quarterly
$161M
Revenue by segment
E2open · $30M total across 1 segment · Q3 2022
- Professional Services$30M—100.0%
Forward guidance
E2open provided updated guidance for the remainder of fiscal year 2023, which ends February 28, 2023.
Tailwinds
- Fiscal 2023 GAAP subscription revenue is expected to be in the range of $535 million to $543 million.
- Fiscal 2023 Total GAAP revenue is expected to be in the range of $668 million to $676 million.
- Fiscal 2023 Non-GAAP gross profit margin is reaffirmed in the range of 68% to 70%.
- Fiscal 2023 Adjusted EBITDA is reaffirmed in the range of $217 million to $223 million reflecting an implied adjusted EBITDA margin of 32% to 33%.
- GAAP subscription revenue for the fiscal third quarter of 2023 is expected to be in the range of $131 million to $134 million including an approximate $4 million negative year-over-year impact from foreign exchange rate fluctuations.
Headwinds
- GAAP subscription revenue for fiscal 2023 is expected to be in the range of $535 million to $543 million versus prior guidance of $538 million to $546 million, due to an approximate $3 million negative impact from foreign exchange rate fluctuations when compared to our prior guidance.
- Total GAAP revenue is expected to be in the range of $668 million to $676 million versus prior guidance of $672 million to $680 million, due to an approximate $4 million negative impact from foreign exchange rate fluctuations when compared to our prior guidance.
- GAAP subscription revenue for the fiscal third quarter of 2023 is expected to be in the range of $131 million to $134 million including an approximate $4 million negative year-over-year impact from foreign exchange rate fluctuations.
- Adjusted EBITDA includes an approximate $6 million of previously disclosed strategic investments in marketing, sales and systems integrators partnerships that e2open did not have in the comparable year-ago period.
- GAAP cash flow from operations was $2.2 million compared to $41.5 million from the year-ago comparable period, inclusive of M&A-related expenses.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q2 2023
-5.7%
Avg return
Earnings day
-9.5%
Avg return
5 days after
-1.5%
Avg return
30 days after
33%
7 / 21 earnings
Positive
+15.4%
Q4 2021
Best reaction
-48.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | — | — | — | |
| Q1 2026 | +0.0% | +0.3% | — | |
| Q4 2025 | -6.2% | +7.7% | +53.1% | |
| Q3 2025 | -5.9% | -4.5% | +3.0% | |
| Q2 2025 | -20.2% | -20.0% | -16.6% | |
| Q1 2025 | -11.2% | -3.2% | -10.8% | |
| Q4 2024 | +12.8% | +10.2% | +8.6% | |
| Q3 2024 | +1.7% | -11.8% | -5.6% | |
| Q2 2024 | -48.1% | -42.0% | -25.2% | |
| Q1 2024 | +3.1% | -7.4% | -12.8% | |
| Q4 2023 | -29.9% | -26.4% | -20.4% | |
| Q3 2023 | -0.9% | +3.3% | +12.1% | |
| Q2 2023 | -5.7% | -13.8% | +0.3% | |
| Q1 2023 | -14.6% | -16.5% | -4.0% | |
| Q4 2022 | +6.4% | — | — | |
| Q3 2022 | -16.2% | — | — | |
| Q2 2022 | +1.3% | — | — | |
| Q1 2022 | -1.1% | — | — | |
| Q4 2021 | +15.4% | — | — | |
| Q3 2021 | +0.4% | — | — | |
| Q2 2021 | -0.4% | — | — | |
| Q1 2021 | -0.8% | — | — | |
| Q4 2020 | — | — | — |
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