Welcome to our dedicated page for Workiva news (Ticker: WK), a resource for investors and traders seeking the latest updates and insights on Workiva stock.
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.
Frost & Sullivan's recent paper highlights the growing adoption of cloud-based reporting solutions among global companies, emphasizing their benefits for investors and stakeholders. Key findings from their Global Cloud Survey reveal that 44% of companies currently utilize these solutions, with 38% planning future investments. The paper underscores the significance of ESG reporting and increased process efficiency, shorter reporting cycles, and reduced costs associated with cloud technology. Workiva, collaborating on the paper, advocates for unified financial and non-financial reporting.
Workiva Inc. (NYSE:WK) announced its participation in several upcoming virtual investor conferences. Notable events include the Morgan Stanley Technology, Media and Telecom Conference on March 3, 2021, at 11:00 a.m. ET, the Berenberg American Innovation Seminar on March 4, 2021, at 10:00 a.m. ET, and the Truist Securities Technology, Internet and Services Conference on March 9, 2021, at 10:30 a.m. ET. These events will be webcast live, with recordings available on Workiva’s investor relations website.
Workiva Inc. (NYSE:WK) reported its fourth quarter and full year results for 2020, demonstrating strong performance. Q4 revenue reached $93.8 million, up 16.9% year-over-year, driven by a 22.4% increase in subscription revenue. The company achieved a GAAP net loss of $8.0 million but improved from a loss of $16.1 million in Q4 2019. For fiscal 2021, Workiva raised its revenue guidance to $409.0 million - $411.0 million. The company boasts a revenue retention rate of 95.0%, and its customer base increased to 3,723.
Workiva (NYSE:WK) announces the retirement of Stuart Miller as Executive Vice President and Chief Financial Officer after seven years. Jill Klindt, previously Senior Vice President and Chief Accounting Officer, will assume the CFO role effective February 27, 2021. Klindt brings over 20 years of experience in finance, risk management, and accounting, having been instrumental in Workiva’s corporate governance and financial reporting. The transition is expected to be smooth, with Klindt and Miller having worked closely together, ensuring continuity in leadership.
Workiva (NYSE: WK) has upgraded its entire global customer base to the next generation Workiva Cloud Platform, enhancing its openness, intelligence, and intuitiveness. This upgrade enables organizations to better connect data, streamline workflows, and automate updates. The new platform features a microservices architecture facilitating rapid development and integration with external systems. Additionally, over 200 global partners are creating unique solutions using the platform, which supports clients' digital transformation initiatives.
Workiva (NYSE: WK) will release its fourth quarter and fiscal year 2020 financial results on February 17, 2021, after market close. An investor conference call will follow at 5:00 p.m. ET, accessible via phone and webcast. The conference ID for the call is 9516867. A replay will be available until February 24, 2021. Workiva's platform enhances efficiency, transparency, and reduces risk for organizations globally. For more information, visit workiva.com.
Workiva Inc. (NYSE:WK) announced its participation in two virtual investor conferences. Stuart Miller, Executive Vice President and CFO, will present at the Wells Fargo TMT Summit on December 2, 2020, at 3:20 p.m. ET, and the Raymond James Technology Investors Conference on December 8, 2020, at 5:00 p.m. ET. Both events will be webcast live, and recordings will be available on Workiva's investor relations website. The company simplifies complex work for organizations globally, enhancing efficiency, transparency, and reducing risk.
Workiva Inc. (NYSE:WK) reported strong financial results for Q3 2020, boasting total revenue of $88.1 million, an 18.8% increase from the previous year. Subscription revenue grew by 20.4% to $75.9 million. Notably, the company's GAAP loss from operations improved to $7.0 million, significantly better than last year's loss. Workiva raised its Q4 revenue guidance, estimating $90.2 million to $90.7 million. With a strong cash position of $523.9 million and a revenue retention rate of 94.9%, the outlook remains positive despite COVID-19 impacts.
Workiva (NYSE: WK) announced that Julie Iskow, the current EVP and COO, will join its Board of Directors effective January 1, 2021. Iskow brings extensive experience in leading SaaS companies, which has been instrumental in driving growth and operational efficiencies at Workiva. Concurrently, Eugene Katz will retire from the Board effective February 28, 2021, after serving since the company's IPO in 2014. The Board composition will now include seven directors, with five being independent.
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