NYSE$PRO

Pros Holdings Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2021.

PROS Holdings, Inc. reported a decrease in total revenue by 2% compared to the prior-year period, while subscription revenue increased by 4%. The company launched its next-generation SaaS editions on the PROS Platform and Extensible AI.

  • Launched next-generation SaaS editions for the PROS Platform, including PROS Smart Price Optimization and Management and PROS Smart Configure, Price, Quote.
  • Launched Extensible AITM, enabling businesses to integrate their own algorithms into the PROS Platform.
  • Welcomed new customers such as Eneco, Hawaiian Airlines, Kawneer, LafargeHolcim, and USG Corporation.
  • Collaborated with Diggintravel to deliver the Airline Digital Retailing Academy.

Headline financials

Total Revenue

$62.4M

Previous: $63.7M-2.1%
EPS (adj)

-$0.14

Previous: -$0.14+0.0%
Capital Expenditures

$785K

Previous: $8.21M-90.4%
Free Cash Flow

-$5.73M

Previous: -$23.5M+75.6%
Net Income

-$18M

Previous: -$17.2M-4.9%
Operating Income

-$16.3M

Previous: -$15.1M-7.7%
Gross Profit

$36M

Previous: $37.8M-4.8%
Cash & Equivalents

$318M

Previous: $220M+44.6%
Total Assets

$512M

Previous: $427M+19.7%
Stock-Based Comp

$8.61M

Previous: $5.75M+49.6%

Revenue & EPS history

Pros · Revenue · Quarterly

$62.4M

Q2 2021-2.1%vs Q2 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Pros · $62.4M total across 3 segments · Q2 2021

  • Subscription Revenue
    $44.2M+4.4%
  • Services Revenue
    $9.61M-0.2%
  • Maintenance and Support Revenue
    $8.57M

Forward guidance

PROS anticipates total revenue between $61.7 million and $62.7 million and non-GAAP loss per share between $(0.23) and $(0.21) for Q3 2021. For the full year 2021, the company anticipates total revenue between $250.5 million and $253.5 million.

Tailwinds

  • Total revenue is expected to be between $61.7 million and $62.7 million for Q3 2021.
  • Subscription revenue is expected to be between $44.0 million and $44.5 million for Q3 2021.
  • ARR is expected to be between $212.0 million and $217.0 million for the full year 2021.
  • Total revenue is expected to be between $250.5 million and $253.5 million for the full year 2021.
  • Subscription revenue is expected to be between $176.5 million and $179.5 million for the full year 2021.

Headwinds

  • Non-GAAP loss per share is expected to be between $(0.23) and $(0.21) for Q3 2021.
  • Adjusted EBITDA is expected to be between $(10.0) million and $(9.0) million for Q3 2021.
  • Free cash flow is expected to be negative for Q3 2021.
  • Adjusted EBITDA is expected to be between $(35.0) million and $(32.0) million for the full year 2021.
  • Free cash flow is expected to be negative for the full year 2021.

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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