Workiva Inc. - WK STOCK NEWS

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.

Workiva has enhanced its XBRL financial disclosure solutions by acquiring ParsePort for $100 million in cash. This strategic acquisition positions Workiva to strengthen its market share in Europe for ESEF and statutory reporting. With over a decade of experience, ParsePort is a leading provider of XBRL conversion software, trusted by more than 800 organizations. The deal will allow Workiva to extend its cloud platform offerings, facilitating complex reporting needs amid growing regulatory demands.

Workiva Inc. (NYSE:WK) will participate in the Morgan Stanley Technology, Media and Telecom Conference on March 7, 2022, at 2:30 p.m. ET. The event will be webcast live, with a recording available afterward on Workiva's investor relations page. Workiva's platform simplifies complex work for organizations globally, promoting efficiency, transparency, and risk reduction. For more insights, visit their website.

Workiva Inc. (NYSE: WK) announced the promotion of Julie Iskow to president and chief operating officer, effective March 1, 2022. Iskow will oversee global growth strategy, product development, and customer success. Her leadership has been vital in establishing the company’s commercial strategy and enhancing operations. Iskow joined Workiva in 2019, bringing extensive experience in scaling SaaS companies. She is also on the board of directors for Workiva and Vocera Communications.

Workiva reported a strong performance for Q4 and full year 2021, with Q4 revenue at $120.8 million, a 28.7% increase from Q4 2020. Subscription and support revenue rose 28.8% to $104.3 million. The company achieved a full year revenue of $443.3 million, up 26.1%. Customer growth was notable, with 4,315 customers and a record revenue retention rate of 97%. However, the company also reported a GAAP net loss of $14.3 million for Q4 2021, compared to a loss of $8 million in Q4 2020. Looking forward, guidance for Q1 2022 anticipates revenue between $127 million and $128 million.

Workiva Inc. (NYSE:WK) has announced a strategic partnership with Persefoni, Inc., aiming to enhance carbon disclosure for their joint customers. This collaboration will provide a unique solution that integrates financial and ESG reporting, complying with emerging climate-related disclosure guidelines. The partnership will allow for efficient data transfer between the platforms, improving accuracy and transparency in carbon emissions reporting. Julie Iskow, Workiva's COO, emphasized the commitment to innovative ESG solutions, while Persefoni's CEO highlighted the reduced complexities for users in meeting regulatory requirements.