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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.
Workiva (NYSE:WK) announced its annual Investor Day will be held on September 13, 2022, during the Workiva Amplify Conference at the MGM Grand Hotel, Las Vegas, from 10 a.m. to 12 p.m. MT. The event will feature presentations from company executives regarding Workiva's platform, markets, and go-to-market strategies, followed by a live Q&A. Attendees can participate in person or virtually. Registration is available online, and a replay will be accessible after the event on Workiva's investor relations site.
Workiva reported a strong Q2 2022 performance, achieving total revenue of $131.5 million, an increase of 24.6% year-over-year. Subscription and support revenue reached $113.4 million, up 24.3%. The company added 123 new customers and reported a revenue retention rate of 97.9%. However, Workiva experienced a GAAP net loss of $28.9 million, compared to a $9.5 million loss in the prior year. For the second half of 2022, the company plans to balance growth investments with a focus on operating leverage, with expectations of returning to profitability in late 2023.
Workiva Inc. (NYSE:WK) announced plans to release its second quarter financial results on August 9, 2022, after market close. An investor conference call will follow at 5:00 p.m. ET, accessible by dialing 888-330-2469 for U.S. participants. A live webcast will be available and can be accessed at investor.workiva.com. A replay of the call will be available until August 16, 2022. Workiva specializes in cloud-based regulatory, financial, and ESG reporting solutions.
Workiva (NYSE:WK) has announced that its management team will present at the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, at 11:30 a.m. ET. A live webcast will be available on Workiva's investor relations website, providing access to subsequent replays. Workiva is dedicated to enhancing transparency in reporting through innovative solutions for regulatory, financial, and ESG reporting. Their cloud-based platform addresses complex reporting challenges and promotes data connectivity and consistency.
Workiva (NYSE:WK) has expressed support for the Financial Data Transparency Act introduced by Senators Mark Warner and Mike Crapo. This act aims to enhance consistency and transparency in financial regulatory filings by directing major U.S. financial agencies to adopt uniform, machine-readable data standards. Workiva's CEO, Marty Vanderploeg, praised the act as a potential game-changer for capital market efficiency. The proposed modernization is expected to mirror the efficiencies realized from previous government data standardization efforts.
Workiva reported Q1 2022 total revenue of $129.7 million, a 24.4% increase year-over-year, with subscription and support revenue rising 26.1% to $107.1 million. The company added 93 new customers and achieved a revenue retention rate of 97.7%. However, the GAAP net loss surged to $18.5 million from $7.3 million in Q1 2021. The financial outlook includes a projected total revenue range of $534.0 million to $536.0 million for FY 2022.
Workiva Inc. (NYSE:WK) has announced it will release its first quarter financial results on May 3, 2022, after market close, followed by an investor conference call at 5:00 p.m. ET. Investors can join the call by dialing 888-330-2469 (U.S.) or 240-789-2740 (international), with a conference ID of 8736384. A replay will be available until May 10, 2022. Workiva's platform focuses on simplifying regulatory, financial, and ESG reporting, enhancing data transparency and consistency.
Cvent (NASDAQ: CVT) has announced the appointment of Julie Iskow, President and COO of Workiva (NYSE: WK), to its board of directors, effective May 18, 2022. Iskow brings over two decades of experience in the SaaS sector, having led product development and global growth strategies. Her expertise is expected to enhance Cvent's operations and accelerate its growth, particularly in the evolving events landscape. Iskow will replace outgoing board member Sanju Bansal, whose term ends on the same date.
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