NYSE$PRO

Pros Holdings Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

PROS Holdings, Inc. reported financial results for the third quarter ended September 30, 2021.

PROS Holdings, Inc. reported a total revenue of $62.7 million for Q3 2021, a 2% increase compared to the prior-year period. The company's net loss was $17.5 million, or $0.39 per share.

  • Promoted to Leader in the Gartner 2021 Magic Quadrant for Configure, Price, and Quote Application Suites.
  • Named a Leader once again in the IDC 2021 MarketScape: Worldwide B2B Price Optimization and Management Applications.
  • Selected as the “Best Price Optimization Solution” in the annual MarTech Breakthrough Awards program.
  • Certified as a Great Place to Work® for the second year in a row.

Headline financials

Total Revenue

$62.7M

Previous: $61.5M+1.9%
EPS (adj)

-$0.13

Previous: -$0.15+13.3%
Capital Expenditures

$347K

Previous: $4.35M-92.0%
Free Cash Flow

-$8.5M

Previous: -$15.7M+45.9%
Net Income

-$17.5M

Previous: -$18.9M+7.4%
Operating Income

-$15.8M

Previous: -$16.2M+2.4%
Gross Profit

$36.6M

Previous: $36.9M-0.8%
Cash & Equivalents

$309M

Previous: $322M-4.3%
Total Assets

$501M

Previous: $551M-9.1%
Stock-Based Comp

$8.63M

Previous: $6.38M+35.4%

Revenue & EPS history

Pros · Revenue · Quarterly

$62.7M

Q3 2021+1.9%vs Q3 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Pros · $62.7M total across 3 segments · Q3 2021

  • Subscription Revenue
    $44.1M+5.0%
  • Services Revenue
    $10.1M+15.6%
  • Maintenance and Support Revenue
    $8.48M

Forward guidance

PROS anticipates total revenue between $63.0 to $64.0 million and non-GAAP loss per share between $(0.24) to $(0.22) for Q4 2021. For the full year 2021, PROS anticipates total revenue between $249.5 to $250.5 million.

Tailwinds

  • Total Revenue $63.0 to $64.0 million, a 4% increase
  • Subscription Revenue $45.0 to $45.5 million, a 5% increase
  • ARR $214.0 to $217.0 million, a 3% increase

Headwinds

  • Non-GAAP Loss Per Share $(0.24) to $(0.22)
  • Adjusted EBITDA $(10.0) to $(9.0) million
  • Free Cash Flow $(25.0) to $(22.0) million

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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