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COUPA SOFTWARE REPORTS FIRST QUARTER FISCAL 2021 FINANCIAL RESULTS
Record Quarterly Subscription Revenues of $105.7 Million, Up 45% Year-Over-Year

Coupa Software (NASDAQ: COUP) mentioned its Q3 income outcomes on Monday, December 6, 2021, at 04:03 PM.

The enterprise supplied income in keeping with proportion steering of $0.03-0.05 for the length, in comparison to the Thomson Reuters consensus income in keeping with proportion estimate of ($0.05). The enterprise issued sales steering of $185-186 million, in comparison to the consensus sales estimate of $184.33 million. Coupa Software additionally up to date its FY 2022 steering to $0.660-$0.690 EPS.

“Our robust first zone outcomes are a clear illustration of the fee Coupa provides to clients in all monetary climates,” stated Rob Bernshteyn, chairman and leader govt officer at Coupa. “As we attention to helping our personnel and making sure all contributors of the Coupa network emerge from this pandemic stronger, we hold to leverage our thoughtful, disciplined economic approach, the energy of our stability sheet, and a focal point on enterprise resilience to foster increase and function ourselves for sustained marketplace management properly past the cutting-edge crisis.”
Coupa

FEG3DJ A logo sign outside of the headquarters of Coupa in San Mateo, California on January 24, 2016.

First Quarter Results:

Total sales had been $119.2 million, an growth of 47% in comparison to the equal length closing year. Subscription sales had been $105.7 million, an growth of 45% in comparison to the equal length closing year.

GAAP running loss was $five.6 million, in comparison to a GAAP running loss of $17.eight million for the equal length closing year. Non-GAAP running earnings were $14.nine million, in comparison to Non-GAAP running earnings of $2.2 million for the equal length closing year.

GAAP internet loss was $14.eight million, in comparison to a GAAP internet loss of $20.five million for the equal length closing year. GAAP internet loss in keeping with simple and diluted proportion was $0.23, in comparison to a GAAP internet loss in keeping with the simple and diluted proportion of $0.34 for the equal length closing year. Non-GAAP internet earnings were $14.five million, in comparison to Non-GAAP internet earnings of $2.1 million for the equal length closing year. Non-GAAP internet earnings in keeping with diluted proportion were $0.20, in comparison to Non-GAAP internet earnings in keeping with the diluted proportion of $0.03 for the equal length closing year.

Operating coins flow and altered loose coins flows had been positive $15.four million and $22.four million, respectively.

About Coupa Software

Coupa Software is the main company of BSM solutions. We provide a comprehensive, cloud-primarily based BSM platform that connects our international network of clients with greater than 5 million providers across the world. Our platform presents extra visibility into and manipulation over how businesses spend money. Using our platform, corporations can attain real, measurable fee and financial savings that power their profitability. Learn greater at www.coupa.com. Read greater at the Coupa Blog or follow @Coupa on Twitter.

Financial Statement:

COUPA SOFTWARE INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)
Three Months Ended
April 30,
2020 2019
Revenues:
Subscription $             105,735 $               72,957
Professional services and other 13,479 8,387
Total revenues 119,214 81,344
Cost of revenues:
Subscription 29,002 17,403
Professional services and other 13,836 9,926
The total cost of revenues 42,838 27,329
Gross profit 76,376 54,015
Operating expenses:
Research and development 26,719 21,014
Sales and marketing 46,139 33,610
General and administrative 9,144 17,198
Total operating expenses 82,002 71,822
Loss from operations (5,626) (17,807)
Interest expense (12,289) (3,175)
Interest income and other, net 3,328 924
Loss before provision for income taxes (14,587) (20,058)
Provision for income taxes 229 410
Net loss $             (14,816) $             (20,468)
Net loss per share attributable to common stockholders,
basic and diluted
$                 (0.23) $                 (0.34)
Weighted-average number of shares used in computing
net loss per share attributable to common stockholders,
basic and diluted
65,468 60,785

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