NYSE$NABL
N-able Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
N-able's Q3 2024 performance reflected revenue growth and strong adjusted EBITDA margin.
N-able reported total revenue of $116.4 million, an 8.3% year-over-year increase, with subscription revenue reaching $115.0 million, a 9.3% year-over-year increase. GAAP net income was $10.8 million, or $0.06 per diluted share, while non-GAAP net income was $24.3 million, or $0.13 per diluted share. The adjusted EBITDA stood at $44.8 million, representing a 38.5% margin.
- Total revenue reached $116.4 million, representing an 8.3% year-over-year growth.
- Subscription revenue amounted to $115.0 million, reflecting a 9.3% year-over-year increase.
- GAAP net income was reported at $10.8 million, or $0.06 per diluted share.
- Adjusted EBITDA was $44.8 million, representing an adjusted EBITDA margin of 38.5%.
Headline financials
Revenue & EPS history
N-able · Revenue · Quarterly
$116M
Revenue by segment
N-able · $108M total across 2 segments · Q3 2023
- Subscription Revenue$105M+15.4%97.8%
- Other Revenue$2.36M+1.9%2.2%
Forward guidance
N-able provided its financial outlook for the fourth quarter and full year 2024, expecting total revenue between $111.5 to $113.0 million for Q4 and between $461.2 to $462.7 million for the full year. Adjusted EBITDA is projected to be in the range of $38.0 to $38.5 million for Q4 and $169.3 to $169.8 million for the full year.
Tailwinds
- Expected total revenue growth of 3% to 4% year-over-year for Q4 2024.
- Q4 2024 Adjusted EBITDA is expected to be approximately 34% of total revenue.
- Full-year 2024 total revenue is expected to grow by approximately 9% to 10% year-over-year.
- Full-year 2024 Adjusted EBITDA is expected to be approximately 37% of total revenue.
- Company is confident in delivering resiliency and efficiency to customers.
Headwinds
- Uncertainty regarding the potential variability of excluded items in future periods.
- Changing foreign exchange rates could impact business.
- Current macroeconomic dynamics could impact business.
- Potential for reduced information technology spending due to economic conditions.
- Purchasing decisions may be delayed as a result of inflation and rising interest rates.
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 Q3 2024
+0.4%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-0.4%
Avg return
30 days after
48%
11 / 23 earnings
Positive
+20.1%
Q3 2022
Best reaction
-28.2%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.2% | -26.6% | -28.4% | |
| Q4 2025 | -10.8% | -15.4% | -5.6% | |
| Q3 2025 | +9.1% | +2.2% | -3.6% | |
| Q1 2025 | +5.2% | +14.7% | +14.0% | |
| Q4 2024 | -28.2% | -26.7% | -25.7% | |
| Q3 2024 | -11.7% | -13.4% | -18.9% | |
| Q2 2024 | -1.4% | -2.9% | -5.4% | |
| Q1 2024 | -0.2% | +0.0% | +11.8% | |
| Q4 2023 | +5.9% | +3.0% | +2.1% | |
| Q3 2023 | -11.6% | -13.8% | -8.0% | |
| Q2 2023 | +1.3% | +0.1% | +0.4% | |
| Q1 2023 | +8.0% | +10.4% | +14.2% | |
| Q4 2022 | +19.5% | +15.4% | +16.8% | |
| Q3 2022 | +20.1% | +19.5% | +15.2% | |
| Q2 2022 | -2.1% | +0.2% | -2.1% | |
| Q1 2022 | +6.1% | +9.2% | +20.2% | |
| Q1 2021 | +6.1% | +9.2% | +20.2% | |
| Q4 2019 | +4.6% | -3.3% | -16.3% | |
| Q4 2021 | +2.3% | +2.4% | -13.9% | |
| Q3 2021 | -3.9% | -4.9% | -12.3% | |
| Q2 2020 | -1.6% | -1.5% | +6.6% | |
| Q2 2021 | -1.6% | -0.4% | +4.9% | |
| Q4 2020 | -1.6% | -0.4% | +4.9% | |
| Q3 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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