PROS Holdings, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results
PROS Holdings, Inc. (NYSE: PRO) reported its financial results for Q4 and full year 2020, showing a total revenue of $60.9 million, an 8% decline from $66.2 million in Q4 2019. For the full year, revenue decreased by 7% year-over-year. Despite challenges, the CEO emphasized a record number of customer go-lives and a strategic focus on digital selling, anticipating that 80% of B2B interactions will be digital by 2025. The company’s position in AI-driven solutions for the digital economy remains strong.
- None.
- Total revenue declined by 8% in Q4 2020 compared to Q4 2019.
- Full year revenue decreased by 7% year-over-year.
PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced financial results for the fourth quarter and full year ended December 31, 2020.
“I’m incredibly proud of our global team who helped grow our business and delivered a record number of customer go-lives during this challenging year,” stated CEO Andres Reiner. “We’ve been innovating on our platform to ensure companies are prepared for the shift to digital selling. Industry analysts expect that by 2025,
Fourth Quarter and Full Year 2020 Financial Highlights
Key financial results for the fourth quarter and full year 2020 are shown below. Throughout this press release, all dollar figures are in millions, except net loss per share. Unless otherwise noted, all results are on a reported basis and are compared with the prior-year period.
|
GAAP |
|
Non-GAAP |
||||||||
|
Q4 2020 |
|
Q4 2019 |
|
Change |
|
Q4 2020 |
|
Q4 2019 |
|
Change |
Revenue: |
|
|
|
|
|
|
|
|
|
|
|
Total Revenue |
|
|
|
|
(8)% |
{
"@context": "https://schema.org",
"@type": "FAQPage",
"name": "PROS Holdings, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results FAQs",
"mainEntity": [
{
"@type": "Question",
"name": "What were PRO's financial results for Q4 2020?",
"acceptedAnswer": {
"@type": "Answer",
"text": "PRO reported a total revenue of $60.9 million for Q4 2020, down 8% from $66.2 million in Q4 2019."
}
},
{
"@type": "Question",
"name": "What was the full-year revenue result for PRO in 2020?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The full-year revenue for PRO in 2020 was $249.3 million, representing a decrease of 7% compared to the prior year."
}
},
{
"@type": "Question",
"name": "What future market trends does PRO anticipate?",
"acceptedAnswer": {
"@type": "Answer",
"text": "PRO anticipates that by 2025, 80% of B2B sales interactions will occur in digital channels."
}
}
]
}
FAQ
What were PRO's financial results for Q4 2020?
PRO reported a total revenue of $60.9 million for Q4 2020, down 8% from $66.2 million in Q4 2019.
What was the full-year revenue result for PRO in 2020?
The full-year revenue for PRO in 2020 was $249.3 million, representing a decrease of 7% compared to the prior year.
What future market trends does PRO anticipate?
PRO anticipates that by 2025, 80% of B2B sales interactions will occur in digital channels.
Pros Holdings, Inc.
NYSE:PROPRO RankingsPRO Latest NewsPRO Stock Data
1.11B
42.81M
9.39%
97.38%
6.52%
Software - Application
Services-computer Programming Services
United States of America
HOUSTON
| |||||