Upland Software, Inc. - UPLD STOCK NEWS

Upland Software reported Q2 2021 financial results with total revenue of $76.3 million, up 7% year-over-year. Subscription revenue also rose 7% to $72.4 million. However, the GAAP net loss increased to $19.0 million or $0.63 per share, compared to a loss of $14.2 million a year prior. Adjusted EBITDA was $23.7 million, at 31% of revenue. The company expects Q3 revenue between $75.4 and $79.4 million and full-year revenue between $300.8 and $312.8 million, projecting 5% growth. Upland also completed the acquisition of Panviva.

Upland Software (Nasdaq: UPLD) will release its second quarter financial results on August 4, 2021, after market close. An investor conference call is scheduled for 4:00 p.m. Central Time the same day. Investors can access the call via a webcast on their investor relations site or by dialing provided phone numbers. Upland Software offers a diverse cloud software library aimed at accelerating digital transformation, catering to over 1,700 enterprise customers.

Upland Software (Nasdaq: UPLD) has acquired Panviva Pty Ltd, enhancing its capabilities in enterprise knowledge management. This strategic move aims to boost productivity in regulated industries such as healthcare and finance. The acquisition cost was $19.8 million, with expected annual revenue generation of $7.5 million, all recurring. Upland raised its 2021 financial guidance, projecting total revenue between $300.8 and $312.8 million, and Adjusted EBITDA of $94.8 to $100.8 million. This acquisition is part of Upland's commitment to address unique knowledge management needs across sectors.

Upland Software (Nasdaq: UPLD) reported a 9% revenue increase for Q1 2021, totaling $74 million. Subscription and support revenue rose 11% to $70.7 million. Despite a GAAP net loss of $20.7 million (loss of $0.69/share), operating cash flow improved significantly to $12.5 million, up from a loss of $5.3 million in Q1 2020. Upland made two strategic acquisitions in Q1, enhancing its cloud product offerings. For Q2 2021, Upland expects revenue between $73-77 million, while full year revenue guidance is set between $299-311 million, anticipating a 5% growth in recurring revenue.

Upland Software will release its financial results for Q1 2021 on May 5, 2021, after market close. An investor conference call is scheduled for 4:00 PM CT, accessible via a webcast or telephone. Upland Software specializes in cloud-based solutions for digital transformation, focusing on enhancing customer engagement, optimizing sales performance, managing projects, and automating document workflows. The Upland Cloud is dedicated to customer success with a commitment to its UplandOne platform.

Upland Software (Nasdaq: UPLD) has acquired BlueVenn, a leading cloud-based customer data platform, for $51.9 million. This acquisition aims to enhance Upland's Customer Experience Management (CXM) by unifying consumer data from various channels, improving digital engagement strategies. BlueVenn is expected to generate annual revenue of approximately $15.5 million, with $13.2 million being recurring. The deal falls within Upland's valuation target of 5-8x pro forma Adjusted EBITDA and is anticipated to be accretive to Upland's Adjusted EBITDA per share. Insights on the acquisition indicate strong market potential.

Upland Software reported a strong fourth quarter 2020 with total revenue of $78.2 million, an 18% increase year-over-year. Subscription revenue grew by 27% to $74.9 million. While they recorded a GAAP net loss of $5.7 million, it was significantly improved from a loss of $19.9 million in Q4 2019. Full-year revenue reached $291.8 million, a 31% rise. Looking forward, Upland expects Q1 2021 revenue between $70.6 and $74.6 million, indicating a projected growth of 8%. Additionally, free cash flow improved to $21.2 million from $6.7 million in Q4 2019.

Upland Software (Nasdaq: UPLD) will announce its financial results for Q4 and full-year 2020 on February 24, 2021, after market close. A conference call to discuss these results and the business outlook will follow at 4:00 p.m. CT. Investors can access the call via webcast or by phone. Upland Software specializes in cloud-based tools aimed at enhancing digital transformation, supporting organizations in customer engagement, sales optimization, project management, and workflow automation.

Upland Software (Nasdaq: UPLD) has acquired Second Street Media for $25.4 million in cash, enhancing its digital transformation offerings. This acquisition integrates Second Street's audience engagement tools into Upland's product suite, expected to generate approximately $9.4 million in annual recurring revenue. The deal aligns with Upland's strategy to improve customer engagement through interactive content. Following integration, Second Street is projected to deliver at least $4.2 million in Adjusted EBITDA annually, contributing positively to Upland's financial performance.