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Workiva Inc. (NYSE: WK) is a leading provider of cloud-based software solutions that simplify the complexities of reporting and compliance for enterprises. Headquartered in Ames, Iowa, Workiva’s flagship product, Wdesk, is a productivity platform that enables organizations to collect, link, report, and analyze business data with unparalleled control and accountability. The platform integrates proprietary word processing, spreadsheet, and presentation applications built upon a robust data management engine, ensuring synchronized data, controlled collaboration, granular permissions, and a comprehensive audit trail.
Currently serving over 6,000 organizations globally, including more than 65% of the Fortune 500, Workiva helps mitigate enterprise risk, improve productivity, and enable real-time decision-making. The platform is versatile, supporting a wide range of reporting requirements, from SEC filings to risk and compliance management.
Workiva’s platform is renowned for connecting and transforming data from a multitude of enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, along with other third-party cloud and on-premise applications. This capability allows users to create, review, and publish data-linked documents and reports with higher control, consistency, accuracy, and productivity.
Recent achievements include Workiva’s collaborative efforts in the realm of Environmental, Social, and Governance (ESG) reporting. The company has hosted webinars and podcasts with industry leaders to explore the evolving landscape of ESG regulations and integrated reporting. Noteworthy discussions include the value of collaboration in ESG with executives from Nike and the New York Stock Exchange, and the role of ESG controllers in bridging finance and sustainability with Mastercard.
Workiva employs over 1,000 people across 15 cities worldwide, demonstrating a significant global presence. The company continues to innovate, recently hosting a webinar in partnership with PwC to discuss the 2024 Executive Benchmark on Integrated Reporting, reflecting its commitment to staying ahead of reporting regulations and providing its customers with leading-edge solutions.
For more information, visit workiva.com.
Watershed and Workiva announce a strategic partnership aimed at enhancing carbon emissions reporting for public companies. This collaboration enables joint customers to integrate Watershed's carbon data into Workiva's ESG reporting platform, promoting streamlined compliance as regulatory bodies like the SEC and the European Union push for mandatory carbon disclosures. The partnership seeks to equip businesses with the tools necessary to navigate evolving environmental regulations effectively and improve data-driven decision-making for sustainability.
Workiva (NYSE:WK) has achieved a prestigious AAA rating in the 2022 MSCI ESG Ratings assessment, marking it as an industry leader in managing environmental, social, and governance (ESG) risks. The company performed in the top 9% of global software-as-a-service (SaaS) firms and is one of only four public SaaS companies in the U.S. to earn this rating. CEO Marty Vanderploeg highlighted the company's commitment to transparency and continuous ESG progress, emphasizing Workiva's strengths in business ethics, privacy, data security, and labor management.
Workiva reported Q3 2022 revenue of $132.8 million, a 17.9% increase year-over-year, with subscription and support revenue growing by 19.9%. The company achieved a 25% year-over-year growth in customers with an annual contract value over $150K. Despite revenue growth, Workiva faced a GAAP net loss of $29.7 million compared to a loss of $6.6 million in Q3 2021. Looking ahead, the company targets a full-year revenue growth of 20% and expects Q4 2022 revenue between $138.9 million and $139.9 million.
Workiva (NYSE:WK) has announced its plans to release third quarter financial results on November 2, 2022, after market close. An investor conference call and webcast is scheduled for 5:00 p.m. ET on the same day, with access via dialing 888-330-2469 (U.S.) or 240-789-2740 (international). A live webcast will be available on the company's investor website, and a replay will be accessible until November 9, 2022. Workiva focuses on transparent reporting solutions for various regulatory, financial, and ESG requirements.
Workiva (NYSE:WK) is set to host its annual Investor Day on September 13, 2022, from 10 a.m. to 12 p.m. PT during the Workiva Amplify Conference at the MGM Grand Hotel in Las Vegas. The event will feature presentations from company executives about Workiva's platform, markets, and strategies, followed by a live Q&A. Virtual attendance is also available. Participants can register at https://events.workiva.com/BWKlq1. A replay will be accessible post-event on Workiva's Investor Relations site.
The SEC Professionals Group announces that Paul Munter, Acting Chief Accountant of the U.S. Securities and Exchange Commission, will address their quarterly meeting on September 13, 2022, at 10:00 a.m. Pacific time, during the Workiva Amplify user conference in Las Vegas, Nevada. Munter will discuss the Office of the Chief Accountant's priorities, including climate disclosure and auditor independence. The SEC Professionals Group represents over 10,000 members, facilitating communication between the SEC and financial reporting practitioners.
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