NYSE$ETWO

E2open Parent Holdings Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

E2open outperformed key metrics and organic growth accelerated, while integrating the BluJay acquisition.

E2open announced strong financial results for its fiscal third quarter 2022, with total GAAP revenue of $137.0 million and non-GAAP revenue of $147.4 million. The company's organic growth is accelerating, and the integration of BluJay is ahead of plan. E2open is raising its fiscal year 2022 revenue guidance.

  • Total GAAP revenue for Q3 2022 was $137.0 million, compared to $84.1 million in the prior period.
  • Total non-GAAP revenue was $147.4 million, compared to a non-GAAP pro forma of $129.5 million in the prior third quarter, reflecting non-GAAP revenue growth of 13.8%.
  • GAAP subscription revenue for the third quarter of 2022 was $107.0 million, compared to $70.4 million in the prior period.
  • Non-GAAP subscription revenue was $117.4 million, compared to a non-GAAP pro forma of $105.6 million from the prior third quarter, reflecting non-GAAP revenue growth of 11.2%.

Headline financials

Total Revenue

$147M

No prior period
EPS (adj)

$0.00

Previous: -$1.23+100.2%
Gross Margin

46.9%

No prior period
Non-GAAP Gross Margin

70.1%

No prior period
Adjusted EBITDA Margin

31.1%

No prior period
Capital Expenditures

$7.26M

No prior period
Free Cash Flow

-$20.6M

No prior period
Net Income

-$64.3M

Previous: -$70M+8.1%
Operating Income

-$54.4M

Previous: -$2.55M-2031.4%
Gross Profit

$64.2M

Previous: $0.00
Cash & Equivalents

$56.5M

No prior period
Total Assets

$5.29B

No prior period
Stock-Based Comp

$3.98M

No prior period

Revenue & EPS history

E2open · Revenue · Quarterly

$147M

Q3 2022
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

E2open · $30M total across 1 segment · Q3 2022

  • Professional Services
    $30M

Forward guidance

E2open is increasing its total non-GAAP revenue guidance range to $474 million to $476 million and Adjusted EBITDA is expected to be in the range of $161 million to $163 million for fiscal year 2022.

Tailwinds

  • Total non-GAAP revenue guidance range increased to $474 million to $476 million.
  • Reflects a 10.2% organic growth rate at the mid-point.
  • Adjusted EBITDA is expected to be in the range of $161 million to $163 million.
  • Non-GAAP gross profit margin is expected to be in the range of 70% to 72%.

Historical earnings impact

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

Avg. return before/after earnings

Based on 12 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (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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