Business
Sprout Social Announces Fourth Quarter 2021 Financial Results Above Guidance Range
2021 ARR growth of 42% year-over-yearFourth quarter total revenue of $53.3 Million, up 43% year-over-year CHICAGO, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Sprout
About this update from Sprout Social, Inc
[{"type":"text","content":"2021 ARR growth of 42% year-over-yearFourth quarter total revenue of $53.3 Million, up 43% year-over-year CHICAGO, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its fourth quarter ended December 31, 2021. “We put emphatic finishing touches on a fantastic year for Sprout, as social remains mission critical to successful outcomes in the next evolution of business,” said Justyn Howard, Sprout Social’s CEO and co-founder. “We set multiple new high water marks and have strong momentum in our business, as companies of all sizes harness the power of social. We’re making aggressive investments to solidify our market leadership, which we believe positions Sprout to deliver durable growth.” “We’re incredibly proud of our team for further raising the bar on our own performance.” Fourth Quarter 2021 Financial Highlights Revenue Revenue was $53.3 million, up 43% compared to the fourth quarter of 2020.ARR was $224.2 million, up 42% compared to the fourth quarter of 2020. Operating Loss GAAP operating loss was ($9.7) million, compared to ($5.8) million in the fourth quarter of 2020.Non-GAAP operating loss was ($2.6) million, compared to a Non-GAAP operating loss of ($3.3) million in the fourth quarter of 2020. Net Loss GAAP net loss was ($9.9) million, compared to ($5.9) million in the fourth quarter of 2020.Non-GAAP net loss was ($2.7) million, compared to a Non-GAAP net loss of ($3.4) million in the fourth quarter of 2020.GAAP net loss per share was ($0.18) based on 54.1 million weighted-average shares of common stock outstanding, compared to ($0.11) based on 53.1 million weighted-average shares of common stock outstanding in the fourth quarter of 2020.Non-GAAP net loss per share was ($0.05) based on 54.1 million weighted-average shares of common stock outstanding, compared to Non-GAAP net loss per share of ($0.06) based on 53.1 million weighted-average shares of common stock outstanding in the fourth quarter of 2020. Cash Cash and equivalents and marketable securities totaled $176.9 million as of December 31, 2021, up from $175.0 million as of September 30, 2021.Net cash generated by operating activities was $2.5 million, compared to net cash used by operating activities ...