Sprinklr Announces Fourth Quarter and Full Year Fiscal 2023 Results
Sprinklr (NYSE: CXM) reported a robust Q4 FY23, achieving total revenue of $165.3 million, a 22% increase year-over-year. Subscription revenue soared to $148.3 million, up 26% year-over-year. Notably, the company generated $22.1 million in net cash from operating activities and $16.3 million in free cash flow during the quarter. Total Remaining Performance Obligations (RPO) reached $719.5 million, reflecting a 26% year-over-year growth. The company provided optimistic full-year fiscal 2024 guidance, projecting total revenue between $710 million and $714 million.
- Total Q4 revenue grew 22% to $165.3 million.
- Subscription revenue rose 26% year-over-year to $148.3 million.
- Generated $22.1 million in net cash from operating activities.
- Free cash flow of $16.3 million in Q4.
- Total RPO increased by 26% to $719.5 million.
- Operating loss of $1.8 million in Q4 compared to a loss of $35.8 million a year ago.
-
Q4 Total Revenue of
, up$165.3 million 22% year-over-year
-
Q4 Subscription Revenue of
, up$148.3 million 26% year-over-year
-
Continued growth and operational improvements generate net cash provided by operating activities of
and free cash flow of$22.1 million in Q4$16.3 million
-
Total RPO of
, up$719.5 million 26% year-over-year and cRPO of , up$485.2 million 23% year-over-year
-
108
customers, up$1 million 32% year-over-year
“We are very pleased with Sprinklr’s fourth quarter performance, and overall strong results in FY23. Our Q4 non-GAAP profitability, and free cash flow are a result of efficient execution, and creating business value for customers with our Unified-CXM platform. We are well positioned to be a disruptor in the contact center space with our AI powered Sprinklr Service offering. We are also excited by our pace of innovation, notably the launch of self-serve Sprinklr Social, which extends our leadership in a category we created,” said
Fourth Quarter Fiscal 2023 Financial Highlights
-
Revenue: Total revenue for the fourth quarter was
, up from$165.3 million one year ago, an increase of$135.7 million 22% year-over-year. Subscription revenue for the fourth quarter was , up from$148.3 million one year ago, an increase of$117.7 million 26% year-over-year. -
Operating (Loss) Income and Margin*: Fourth quarter operating loss was
, compared to operating loss of$1.8 million one year ago. Non-GAAP operating income was$35.8 million , compared to a non-GAAP operating loss of$14.3 million one year ago. For the fourth quarter, GAAP operating margin was (1)% and non-GAAP operating margin was$11.5 million 9% . -
Net (Loss) Income Per Share*: Fourth quarter net loss per share was
, compared to net loss per share of$0.00 in the fourth quarter of fiscal year 2022. Non-GAAP net income per share for the fourth quarter was$0.14 , compared to non-GAAP net loss per share of$0.06 in the fourth quarter of fiscal year 2022.$0.05 -
Cash,
Cash Equivalents and Marketable Securities : Total cash, cash equivalents and marketable securities as ofJanuary 31, 2023 was .$578.6 million
Full Year Fiscal 2023 Financial Highlights
-
Revenue: Total revenue for fiscal year 2023 was
, up from$618.2 million one year ago, an increase of$492.4 million 26% year-over-year. Subscription revenue for fiscal year 2023 was , up from$548.6 million one year ago, an increase of$427.7 million 28% year-over-year. -
Operating (Loss) Income and Margin*: Fiscal year 2023 operating loss was
, compared to operating loss of$51.2 million one year ago. Non-GAAP operating income was$99.5 million , compared to non-GAAP operating loss of$6.0 million one year ago. For fiscal year 2023, GAAP operating margin was (8)% and non-GAAP operating margin was$35.5 million 1% . -
Net (Loss) Income Per Share*: Fiscal year 2023 net loss per share was
, compared to net loss per share of$0.21 in fiscal year 2022. Non-GAAP net income per share for fiscal year 2023 was$0.57 , compared to non-GAAP net loss per share of$0.01 in fiscal year 2022.$0.24
* Non-GAAP operating (loss) income and non-GAAP operating (loss) income per share and non-GAAP operating margin are non-GAAP financial measures defined under “Non-GAAP Financial Measures,” and is reconciled to net loss or operating loss, as applicable, the closest comparable GAAP measure, at the end of this release.
Financial Outlook
-
Subscription revenue between
and$153 million .$155 million -
Total revenue between
and$168 million .$170 million -
Non-GAAP operating income between
and$3 million .$5 million -
Non-GAAP net income per share between
and$0.00 , assuming 268 million weighted average shares outstanding.$0.01
-
Subscription revenue between
and$644 million .$648 million -
Total revenue between
and$710 million .$714 million -
Non-GAAP operating income between
and$41 million .$45 million -
Non-GAAP net income per share between
and$0.13 , assuming 273 million weighted average shares outstanding.$0.15
Non-GAAP Financial Measures
This press release and the accompanying tables contain the following non-GAAP financial measures:
- Non-GAAP gross profit and non-GAAP gross margin
- Non-GAAP operating (loss) income and non-GAAP operating margin
- Non-GAAP net (loss) income and non-GAAP net (loss) income per share
We define these non-GAAP financial measures as the respective GAAP measures, excluding, as applicable, stock-based compensation expense-related charges, charges on litigation settlements and amortization of acquired intangible assets. We believe that it is useful to exclude stock-based compensation expense-related charges and amortization of acquired intangible assets in order to better understand the long-term performance of our core business and to facilitate comparison of our results to those of peer companies over multiple periods. We also exclude charges on litigation settlements that are considered to be non-ordinary course as we do not consider such losses to be indicative of our core business. We calculate non-GAAP net (loss) income per share by using non-GAAP net (loss) income divided by basic weighted average shares for the period regardless of whether we are in a non-GAAP net (loss) or income position and assuming that all potentially dilutive securities are anti-dilutive.
In addition, the press release and the accompanying tables contain free cash flow which is defined as net cash used in operating activities less cash used for purchases of property and equipment and capitalized internal-use software, and adjusted free cash flow, which is defined as free cash flow plus cash adjusted for litigation settlement costs. We believe that free cash flow and adjusted free cash flow are useful indicators of liquidity as they measure our ability to generate cash, or our need to access additional sources of cash, to fund operations and investments.
However, non-GAAP financial measures have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. In addition, other companies, including companies in our industry, may calculate similarly titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. As a result, our non-GAAP financial measures are presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for our consolidated financial statements presented in accordance with GAAP.
Conference Call Information
About
Forward-Looking Statements
This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the first quarter and full year fiscal 2024, our growth strategy and the ability of our platform to deliver a unified experience to address our customers’ demands. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance, or achievement to differ materially and adversely from those anticipated or implied in the statements, including: our rapid growth may not be indicative of our future growth; our revenue growth rate has fluctuated in prior periods; our ability to achieve or maintain profitability; we derive the substantial majority of our revenue from subscriptions to our Unified-CXM platform; our ability to manage our growth and organizational change; the market for Unified-CXM solutions is new and rapidly evolving; our ability to attract new customers in a manner that is cost-effective and assures customer success; our ability to attract and retain customers to use our products; our ability to drive customer subscription renewals and expand our sales to existing customers; our ability to effectively develop platform enhancements, introduce new products or keep pace with technological developments; the market in which we participate is new and rapidly evolving and our ability to compete effectively; our business and growth depend in part on the success of our strategic relationships with third parties; our ability to develop and maintain successful relationships with partners who provide access to data that enhances our Unified-CXM platform’s artificial intelligence capabilities; the majority of our customer base consists of large enterprises, and we currently generate a significant portion of our revenue from a relatively small number of enterprises; our investments in research and development; our ability to expand our sales and marketing capabilities; our sales cycle with enterprise and international clients can be long and unpredictable; our business and results of operations may be materially adversely affected by the ongoing COVID-19 pandemic or other similar outbreaks; certain of our results of operations and financial metrics may be difficult to predict; our ability to maintain data privacy and data security; we rely on third-party data centers and cloud computing providers; the sufficiency of our cash and cash equivalents to meet our liquidity needs; our ability to comply with modified or new laws and regulations applying to our business; our ability to successfully enter into new markets and manage our international expansion; the attraction and retention of qualified employees and key personnel; our ability to effectively manage our growth and future expenses and maintain our corporate culture; our ability to maintain, protect, and enhance our intellectual property rights; general economic, political and market conditions and overall fluctuations in the financial markets in
Key Business Metrics
RPO. RPO, or remaining performance obligations, represents contracted revenues that had not yet been recognized, and include deferred revenues and amounts that will be invoiced and recognized in future periods.
cRPO. cRPO, or current RPO, represents contracted revenue that have not yet been recognized, and include deferred revenue and amounts that will be invoiced and recognized in the next 12 months.
|
||||||||
Consolidated Balance Sheets |
||||||||
(in thousands, except per share data) |
||||||||
(unaudited) |
||||||||
|
|
|
|
|||||
Assets |
|
|
|
|||||
Current assets: |
|
|
|
|||||
Cash and cash equivalents |
$ |
188,387 |
|
|
$ |
321,426 |
|
|
Marketable securities |
|
390,239 |
|
|
|
210,983 |
|
|
Accounts receivable, net of allowance for doubtful accounts of |
|
205,038 |
|
|
|
163,681 |
|
|
Prepaid expenses and other current assets |
|
78,865 |
|
|
|
109,167 |
|
|
Total current assets |
|
862,529 |
|
|
|
805,257 |
|
|
Property and equipment, net |
|
22,885 |
|
|
|
14,705 |
|
|
|
|
50,349 |
|
|
|
50,706 |
|
|
Operating lease right-of-use assets |
|
15,725 |
|
|
|
— |
|
|
Other non-current assets |
|
73,503 |
|
|
|
49,378 |
|
|
Total assets |
$ |
1,024,991 |
|
|
$ |
920,046 |
|
|
|
|
|
|
|||||
Liabilities and stockholders’ equity |
|
|
|
|||||
Liabilities |
|
|
|
|||||
Current liabilities: |
|
|
|
|||||
Accounts payable |
$ |
30,101 |
|
|
$ |
15,802 |
|
|
Accrued expenses and other current liabilities |
|
97,524 |
|
|
|
100,220 |
|
|
Operating lease liabilities, current |
|
7,134 |
|
|
|
— |
|
|
Deferred revenue |
|
324,140 |
|
|
|
279,028 |
|
|
Total current liabilities |
|
458,899 |
|
|
|
395,050 |
|
|
Deferred revenue, non-current |
|
1,371 |
|
|
|
5,325 |
|
|
Deferred tax liability, non-current |
|
1,289 |
|
|
|
1,101 |
|
|
Operating lease liabilities, non-current |
|
9,633 |
|
|
|
— |
|
|
Other liabilities, non-current |
|
4,467 |
|
|
|
2,721 |
|
|
Total liabilities |
|
475,659 |
|
|
|
404,197 |
|
|
Commitments and contingencies |
|
|
|
|||||
Stockholders’ equity |
|
|
|
|||||
Class A common stock |
|
3 |
|
|
|
3 |
|
|
Class B common Stock |
|
6 |
|
|
|
5 |
|
|
|
|
(23,831 |
) |
|
|
(23,831 |
) |
|
Additional paid-in capital |
|
1,074,149 |
|
|
|
982,122 |
|
|
Accumulated other comprehensive loss |
|
(4,384 |
) |
|
|
(820 |
) |
|
Accumulated deficit |
|
(496,611 |
) |
|
|
(441,630 |
) |
|
Total stockholders’ equity |
|
549,332 |
|
|
|
515,849 |
|
|
Total liabilities and stockholders’ equity |
$ |
1,024,991 |
|
|
$ |
920,046 |
|
|
||||||||||||||||
Consolidated Statements of Operations |
||||||||||||||||
(in thousands, except per share data) |
||||||||||||||||
(unaudited) |
||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||
|
Three Months Ended |
|
Year Ended |
|||||||||||||
|
|
2023 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
|
Revenue: |
|
|
|
|
|
|
|
|||||||||
Subscription |
$ |
148,348 |
|
|
$ |
117,693 |
|
|
$ |
548,649 |
|
|
$ |
427,713 |
|
|
Professional services |
|
16,983 |
|
|
|
17,974 |
|
|
|
69,541 |
|
|
|
64,681 |
|
|
Total revenue |
|
165,331 |
|
|
|
135,667 |
|
|
|
618,190 |
|
|
|
492,394 |
|
|
Costs of revenue: |
|
|
|
|
|
|
|
|||||||||
Costs of subscription (1) |
|
25,517 |
|
|
|
23,669 |
|
|
|
102,276 |
|
|
|
89,896 |
|
|
Costs of professional services (1) |
|
13,808 |
|
|
|
16,136 |
|
|
|
61,449 |
|
|
|
57,655 |
|
|
Total costs of revenue |
|
39,325 |
|
|
|
39,805 |
|
|
|
163,725 |
|
|
|
147,551 |
|
|
Gross profit |
|
126,006 |
|
|
|
95,862 |
|
|
|
454,465 |
|
|
|
344,843 |
|
|
Operating expenses: |
|
|
|
|
|
|
|
|||||||||
Research and development (1) |
|
20,127 |
|
|
|
15,874 |
|
|
|
76,658 |
|
|
|
60,591 |
|
|
Sales and marketing (1)(2) |
|
83,301 |
|
|
|
82,389 |
|
|
|
336,719 |
|
|
|
286,963 |
|
|
General and administrative (1) |
|
24,396 |
|
|
|
21,395 |
|
|
|
92,312 |
|
|
|
84,759 |
|
|
Litigation settlement (3) |
|
— |
|
|
|
12,000 |
|
|
|
— |
|
|
|
12,000 |
|
|
Total operating expenses |
|
127,824 |
|
|
|
131,659 |
|
|
|
505,689 |
|
|
|
444,313 |
|
|
Operating loss |
|
(1,818 |
) |
|
|
(35,797 |
) |
|
|
(51,224 |
) |
|
|
(99,470 |
) |
|
Other income (expense), net |
|
2,453 |
|
|
|
(338 |
) |
|
|
3,756 |
|
|
|
(5,084 |
) |
|
Loss before provision for income taxes |
|
635 |
|
|
|
(36,135 |
) |
|
|
(47,468 |
) |
|
|
(104,554 |
) |
|
Provision for income taxes |
|
1,301 |
|
|
|
783 |
|
|
|
8,274 |
|
|
|
6,916 |
|
|
Net loss attributable to |
$ |
(666 |
) |
|
$ |
(36,918 |
) |
|
$ |
(55,742 |
) |
|
$ |
(111,470 |
) |
|
Net loss per share attributable to |
$ |
0.00 |
|
|
$ |
(0.14 |
) |
|
$ |
(0.21 |
) |
|
$ |
(0.57 |
) |
|
Weighted average shares used in computing net loss per share attributable to |
|
262,087 |
|
|
|
255,920 |
|
|
|
259,530 |
|
|
|
195,020 |
|
(1) Includes stock-based compensation expense, net of amounts capitalized, as follows:
|
Three Months Ended |
|
Year Ended |
|||||||||
(in thousands) |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Costs of subscription |
$ |
449 |
|
$ |
383 |
|
$ |
1,528 |
|
$ |
1,794 |
|
Costs of professional services |
|
479 |
|
|
538 |
|
|
2,249 |
|
|
2,448 |
|
Research and development |
|
2,978 |
|
|
1,501 |
|
|
10,678 |
|
|
6,417 |
|
Sales and marketing |
|
7,915 |
|
|
5,967 |
|
|
26,651 |
|
|
19,929 |
|
General and administrative |
|
3,776 |
|
|
3,789 |
|
|
14,411 |
|
|
19,543 |
|
Stock-based compensation expense, net of amounts capitalized |
$ |
15,597 |
|
$ |
12,178 |
|
$ |
55,517 |
|
$ |
50,131 |
(2) Includes amortization of acquired intangible assets as follows:
|
Three Months Ended |
|
Year Ended |
|||||||||
(in thousands) |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Sales and marketing |
$ |
76 |
|
$ |
133 |
|
$ |
475 |
|
$ |
412 |
|
Amortization of acquired intangible assets |
$ |
76 |
|
$ |
133 |
|
$ |
475 |
|
$ |
412 |
(3) On
|
||||||||
Consolidated Statements of Cash Flows |
||||||||
(in thousands) |
||||||||
(unaudited) |
||||||||
|
Year ended |
|||||||
|
|
2023 |
|
|
|
2022 |
|
|
Cash flow from operating activities: |
|
|
|
|||||
Net loss |
$ |
(55,742 |
) |
|
$ |
(111,470 |
) |
|
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|||||
Depreciation and amortization expense |
|
12,051 |
|
|
|
8,058 |
|
|
Bad debt expense |
|
4,079 |
|
|
|
(186 |
) |
|
Stock-based compensation expense, net of amounts capitalized |
|
55,517 |
|
|
|
50,131 |
|
|
Litigation settlement |
|
— |
|
|
|
12,000 |
|
|
Non-cash interest paid in kind and discount amortization |
|
— |
|
|
|
3,266 |
|
|
Non-cash lease expense |
|
6,588 |
|
|
|
— |
|
|
Deferred income taxes |
|
166 |
|
|
|
235 |
|
|
Other non-cash items, net |
|
(2,697 |
) |
|
|
(1,272 |
) |
|
Changes in operating assets and liabilities: |
|
|
|
|||||
Accounts receivable |
|
(44,751 |
) |
|
|
(47,094 |
) |
|
Prepaid expenses and other current assets |
|
29,092 |
|
|
|
(8,220 |
) |
|
Other non-current assets |
|
(24,376 |
) |
|
|
(6,764 |
) |
|
Accounts payable |
|
14,463 |
|
|
|
(1,095 |
) |
|
Operating lease liabilities |
|
(6,342 |
) |
|
|
— |
|
|
Accrued expenses and other current liabilities |
|
6,688 |
|
|
|
25,510 |
|
|
Litigation settlement |
|
(12,000 |
) |
|
|
— |
|
|
Deferred revenue |
|
41,465 |
|
|
|
43,404 |
|
|
Other liabilities |
|
2,459 |
|
|
|
575 |
|
|
Net cash provided by (used in) operating activities |
|
26,660 |
|
|
|
(32,922 |
) |
|
Cash flow from investing activities: |
|
|
|
|||||
Purchases of marketable securities |
|
(816,708 |
) |
|
|
(267,826 |
) |
|
Sales of marketable securities |
|
2,838 |
|
|
|
56,652 |
|
|
Maturities of marketable securities |
|
636,825 |
|
|
|
211,555 |
|
|
Purchases of property and equipment |
|
(6,091 |
) |
|
|
(6,148 |
) |
|
Capitalized internal-use software |
|
(10,358 |
) |
|
|
(6,258 |
) |
|
Acquisitions, net of cash acquired |
|
— |
|
|
|
(3,625 |
) |
|
Net cash used in investing activities |
|
(193,494 |
) |
|
|
(15,650 |
) |
|
Cash flow from financing activities: |
|
|
|
|||||
Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts, commissions and other offering costs |
|
— |
|
|
|
275,973 |
|
|
Proceeds from issuance of common stock upon exercise of stock options |
|
24,740 |
|
|
|
20,054 |
|
|
Proceeds from issuance of common stock upon ESPP purchase |
|
10,231 |
|
|
|
7,105 |
|
|
Net cash provided by financing activities |
|
34,971 |
|
|
|
303,132 |
|
|
Effect of exchange rate fluctuations on cash and cash equivalents |
|
(1,176 |
) |
|
|
(1,171 |
) |
|
Net change in cash and cash equivalents |
|
(133,039 |
) |
|
|
253,389 |
|
|
Cash and cash equivalents at beginning of period |
|
321,426 |
|
|
|
68,037 |
|
|
Cash and cash equivalents at end of period |
$ |
188,387 |
|
|
$ |
321,426 |
|
||||||||||||||||
Reconciliation of Non-GAAP Measures |
||||||||||||||||
(in thousands) |
||||||||||||||||
(unaudited) |
||||||||||||||||
|
|
|
|
|
|
|
|
|||||||||
|
Three Months Ended |
|
Year Ended |
|||||||||||||
|
|
2023 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
|
Non-GAAP gross profit: |
|
|
|
|
|
|
|
|||||||||
GAAP gross profit |
$ |
126,006 |
|
|
$ |
95,862 |
|
|
$ |
454,465 |
|
|
$ |
344,843 |
|
|
Stock-based compensation expense-related charges (1) |
|
936 |
|
|
|
921 |
|
|
|
3,861 |
|
|
|
4,355 |
|
|
Non-GAAP gross profit |
$ |
126,942 |
|
|
$ |
96,783 |
|
|
$ |
458,326 |
|
|
$ |
349,198 |
|
|
Gross margin |
|
76 |
% |
|
|
71 |
% |
|
|
74 |
% |
|
|
70 |
% |
|
Non-GAAP gross margin |
|
77 |
% |
|
|
71 |
% |
|
|
74 |
% |
|
|
71 |
% |
|
|
|
|
|
|
|
|
|
|||||||||
Non-GAAP operating (loss) income: |
|
|
|
|
|
|
|
|||||||||
GAAP operating loss |
$ |
(1,818 |
) |
|
$ |
(35,797 |
) |
|
$ |
(51,224 |
) |
|
$ |
(99,470 |
) |
|
Stock-based compensation expense-related charges (2) |
|
16,045 |
|
|
|
12,180 |
|
|
|
56,704 |
|
|
|
51,552 |
|
|
Litigation settlement (3) |
|
— |
|
|
|
12,000 |
|
|
|
— |
|
|
|
12,000 |
|
|
Amortization of acquired intangible assets |
|
76 |
|
|
|
133 |
|
|
|
475 |
|
|
|
412 |
|
|
Non-GAAP operating (loss) income |
$ |
14,303 |
|
|
$ |
(11,484 |
) |
|
$ |
5,955 |
|
|
$ |
(35,506 |
) |
|
Operating margin |
|
(1 |
)% |
|
|
(26 |
)% |
|
|
(8 |
)% |
|
|
(20 |
)% |
|
Non-GAAP operating margin |
|
9 |
% |
|
|
(8 |
)% |
|
|
1 |
% |
|
|
(7 |
)% |
|
|
|
|
|
|
|
|
|
|||||||||
Non-GAAP net (loss) income and net (loss) income per share: |
|
|
|
|
|
|
|
|||||||||
GAAP net loss: |
$ |
(667 |
) |
|
$ |
(36,918 |
) |
|
$ |
(55,742 |
) |
|
$ |
(111,470 |
) |
|
Stock-based compensation expense-related charges (2) |
|
16,045 |
|
|
|
12,180 |
|
|
|
56,704 |
|
|
|
51,552 |
|
|
Litigation settlement (3) |
|
— |
|
|
|
12,000 |
|
|
|
— |
|
|
|
12,000 |
|
|
Amortization of acquired intangible assets |
|
76 |
|
|
|
133 |
|
|
|
475 |
|
|
|
412 |
|
|
Non-GAAP net (loss) income |
$ |
15,454 |
|
|
$ |
(12,605 |
) |
|
$ |
1,437 |
|
|
$ |
(47,506 |
) |
|
Weighted-average shares outstanding used in computing net (loss) income per share attributable |
|
262,087 |
|
|
|
255,920 |
|
|
|
259,530 |
|
|
|
195,020 |
|
|
Non-GAAP net (loss) income per common share attributable to |
$ |
0.06 |
|
|
$ |
(0.05 |
) |
|
$ |
0.01 |
|
|
$ |
(0.24 |
) |
|
|
|
|
|
|
|
|
|
|||||||||
Free cash flow: |
|
|
|
|
|
|
|
|||||||||
Net cash (used in) provided by operating activities |
$ |
22,074 |
|
|
$ |
(14,981 |
) |
|
$ |
26,660 |
|
|
$ |
(32,922 |
) |
|
Purchase of property and equipment |
|
(3,168 |
) |
|
|
(952 |
) |
|
|
(6,091 |
) |
|
|
(6,148 |
) |
|
Capitalized internal-use software |
|
(2,625 |
) |
|
|
(2,108 |
) |
|
|
(10,358 |
) |
|
|
(6,258 |
) |
|
Free cash flow |
$ |
16,281 |
|
|
$ |
(18,041 |
) |
|
$ |
10,211 |
|
|
$ |
(45,328 |
) |
|
Litigation settlement payments |
|
— |
|
|
|
— |
|
|
|
12,000 |
|
|
|
— |
|
|
Adjusted free cash flow |
$ |
16,281 |
|
|
$ |
(18,041 |
) |
|
$ |
22,211 |
|
|
$ |
(45,328 |
) |
(1) Includes
(2) Includes
(3) On
View source version on businesswire.com: https://www.businesswire.com/news/home/20230329005805/en/
Investor Relations:
IR@sprinklr.com
Media & Press:
PR@sprinklr.com
Source:
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