Workiva Inc. - WK STOCK NEWS

Workiva (NYSE:WK) has introduced Audit Analytics, enhancing its Internal Audit Management solution. This new capability is designed to strengthen risk assurance and significantly increase efficiency for audit, compliance, and risk leaders. The integration of Audit Analytics aims to assist organizations in initiating or optimizing their data analytics strategies, thereby streamlining the audit process.

Workiva Inc. (NYSE: WK) has announced the release date for its first quarter financial results, scheduled for May 4, 2021, after market close. An investor conference call will follow at 5:00 p.m. ET, accessible via phone or webcast. The replay will be available until May 11, 2021. Workiva aims to simplify complex work for organizations globally, enhancing efficiency and transparency through its platform.

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.