Business
Appian Announces Fourth Quarter and Full Year 2019 Financial Results
Full year subscription revenue increased 34% year-over-year to $155.1 million Full year total revenue increased 17% year-over-year to $266.3 million TYSONS,
About this update from Appian Corporation
[{"type":"text","content":"Full year subscription revenue increased 34% year-over-year to $155.1 million\n Full year total revenue increased 17% year-over-year to $266.3 million TYSONS, Va., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Appian (Nasdaq: APPN) today announced financial results for the fourth quarter and full year ended December 31, 2019. \"For the full year, we exceeded our guidance and grew subscription revenue by 34% to $155.1 million. Companies are choosing Appian because of our strong customer outcomes, growing partner ecosystem, and the speed of our low-code automation platform,\" said Matt Calkins, CEO & Founder. Fourth Quarter 2019 Financial Highlights (under ASC 605): Revenue: Subscription revenue was $43.1 million for the fourth quarter of 2019, up 28% compared to the fourth quarter of 2018. Total subscriptions revenue, which includes sales of our SaaS subscriptions, on-premises term license subscriptions and maintenance and support, increased 26% year-over-year to $44.3 million for the fourth quarter of 2019. Professional services revenue was $26.2 million for the fourth quarter of 2019, compared to $25.1 million for the fourth quarter of 2018. Total revenue was $70.5 million for the fourth quarter of 2019, up 17% compared to the fourth quarter of 2018. Subscription revenue retention rate was 116% as of December 31, 2019. Operating loss and non-GAAP operating loss: GAAP operating loss was $(12.1) million for the fourth quarter of 2019, compared to $(13.3) million for the fourth quarter of 2018. Non-GAAP operating loss was $(8.7) million for the fourth quarter of 2019, compared to $(8.5) million for the fourth quarter of 2018. Net loss and non-GAAP net loss: GAAP net loss was $(10.0) million for the fourth quarter of 2019, compared to $(13.9) million for the fourth quarter of 2018. GAAP net loss per share attributable to common stockholders was $(0.15) for the fourth quarter of 2019, based on 67.3 million weighted-average shares outstanding, compared to $(0.22) for the fourth quarter of 2018, based on 63.8 million weighted-average shares outstanding. Non-GAAP net loss was $(6.6) million for the fourth quarter of 2019, compared to $(9.1) million for the fourth quarter of 2018. Non-GAAP net loss per share was $(0.10) for the fourth quarter of 2019, based on 67.3 million basic and diluted shares outstanding, compared to $(0.14) for the fourth qua...