NYSE$PRO

Pros Holdings Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported second quarter 2020 financial results.

PROS Holdings, Inc. reported financial results for the second quarter ended June 30, 2020. Subscription revenue was $42.4 million, up 21% year-over-year. Recurring revenue as a percentage of total revenue was 85%, up more than 600 basis points year-over-year.

  • Recognized as a continued Pricing Software Leader in the G2 Summer 2020 Report.
  • Named a Major Player in the IDC MarketScape Worldwide Configure Price Quote Applications for Commerce 2020 Vendor Assessment.
  • Welcomed new customers that are adopting our AI platform to accelerate their shift to digital selling, including Bunzl, Hempel, Ingredion, Novelis, among others.
  • Expanded our global partnership with Microsoft via the Business Applications ISV Connect Program.

Headline financials

Total Revenue

$63.7M

Previous: $63.9M-0.2%
EPS (adj)

-$0.14

Previous: -$0.07-100.0%
Capital Expenditures

$8.21M

Previous: $1.7M+383.8%
Free Cash Flow

-$23.5M

Previous: -$5.25M-347.7%
Net Income

-$17.2M

Previous: -$17.5M+1.8%
Operating Income

-$15.1M

Previous: -$12.1M-24.7%
Gross Profit

$37.8M

Previous: $40.3M-6.2%
Cash & Equivalents

$220M

Previous: $330M-33.2%
Total Assets

$427M

Previous: $508M-15.9%
Stock-Based Comp

$5.75M

Previous: $5.98M-3.8%

Revenue & EPS history

Pros · Revenue · Quarterly

$63.7M

Q2 2020-0.2%vs Q2 2019
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Revenue by segment

Pros · $52M total across 2 segments · Q2 2020

  • Subscription Revenue
    $42.4M
  • Services Revenue
    $9.63M

Forward guidance

Based on information as of July 30, 2020, PROS currently anticipates the following based on an estimated 43.4 million basic weighted average shares outstanding and a 22% non-GAAP estimated tax rate for the third quarter ending September 30, 2020.

Historical earnings impact

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

Avg. return before/after earnings

Based on 7 quarterly earnings reports

Historical avg

-0.4%

Avg return

Earnings day

-0.6%

Avg return

5 days after

-1.9%

Avg return

30 days after

45%

29 / 64 earnings

Positive

+18.3%

Q4 2012

Best reaction

-17.8%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025-0.1%+0.0%+0.9%
Q2 2025-5.5%-5.9%-1.3%
Q1 2025-2.6%-1.4%+4.4%
Q4 2024+7.9%+7.3%-10.1%
Q3 2024+9.3%+10.0%+22.0%
Q2 2024-4.8%-10.6%-20.8%
Q1 2024-7.1%-6.7%-13.4%
Q4 2023+5.8%+2.6%+3.4%
Q3 2023+4.9%
Q2 2023+7.7%
Q1 2023-0.8%
Q4 2022-3.9%
Q3 2022+6.9%
Q2 2022+2.1%
Q1 2022+6.7%
Q4 2021-4.5%
Q3 2021-3.8%
Q2 2021-1.1%
Q1 2021-3.1%
Q4 2020+0.3%
Q3 2020-8.7%
Q2 2020-17.8%
Q1 2020-6.0%
Q4 2019-11.0%
Q3 2019+2.4%
Q2 2019+8.3%
Q1 2019+11.4%
Q4 2018+4.2%
Q3 2018+8.9%
Q2 2018+3.4%
Q1 2018-7.4%
Q4 2017+15.1%
Q3 2017-6.3%
Q2 2017-7.0%
Q1 2017+3.1%
Q4 2016+3.9%
Q3 2016+8.1%
Q2 2016-5.9%
Q1 2016+9.8%
Q4 2015+1.2%
Q3 2015-11.4%
Q2 2015+0.4%
Q1 2015-15.3%
Q4 2014-4.7%
Q3 2014+1.0%
Q2 2014-3.8%
Q1 2014-13.1%
Q4 2013-3.0%
Q3 2013+5.9%
Q2 2013-5.6%
Q1 2013+14.5%
Q4 2012+18.3%
Q3 2012-3.1%
Q2 2012+13.6%
Q1 2011-8.5%
Q1 2012-3.5%
Q4 2009-2.4%
Q4 2011-2.4%
Q3 2011+3.3%
Q3 2010+3.3%
Q4 2010-9.2%
Q2 2011-9.2%
Q2 2010-9.2%
Q1 2010-8.5%

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