Business
TaskUs Announces Fiscal Fourth Quarter and Full Year 2022 Results
FY 2022 Revenue and Adjusted EBITDA Above Most Recent OutlookOver 26% Revenue Growth in FY 2022Added 40 Clients in FY 2022Number of Clients over $1 Million in
About this update from Taskus, Inc.
[{"type":"text","content":"FY 2022 Revenue and Adjusted EBITDA Above Most Recent OutlookOver 26% Revenue Growth in FY 2022Added 40 Clients in FY 2022Number of Clients over $1 Million in Revenue Increased by 19% in FY 2022; Number of Clients over $10 Million in Revenue Increased by 31% in FY 2022Generated $147.1 Million of Operating Cash Flow and $103.3 million Free Cash Flow in FY 2022 NEW BRAUNFELS, Texas, Feb. 27, 2023 (GLOBE NEWSWIRE) -- TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world’s most innovative companies, today announced its results for the fourth quarter and full year ended December 31, 2022. Fourth quarter total revenue of $242.2 million, representing 6.8% of year-over-year growth. Full year 2022 total revenue of $960.5 million, representing 26.3% of year-over-year growth.Fourth quarter GAAP net income of $15.7 million, GAAP net income margin of 6.5%. Full year 2022 GAAP net income of $40.4 million, GAAP net income margin of 4.2%.Fourth quarter non-GAAP Adjusted Net Income of $33.3 million, non-GAAP Adjusted Net Income margin of 13.7%. Full year 2022 non-GAAP Adjusted Net Income of $142.8 million, non-GAAP Adjusted Net Income margin of 14.9%.Fourth quarter GAAP diluted earnings per share of $0.16, non-GAAP Adjusted EPS of $0.33. Full year 2022 GAAP diluted earnings per share of $0.39, non-GAAP Adjusted EPS of $1.39Fourth quarter Adjusted EBITDA of $57.9 million, Adjusted EBITDA margin of 23.9%. Full year 2022 Adjusted EBITDA of $223.2 million, Adjusted EBITDA margin of 23.2%.Fourth quarter net cash provided by operating activities of $32.6 million, Free Cash Flow of $24.9 million and 42.9% conversion of Adjusted EBITDA. Full year 2022 net cash provided by operating activities of $147.1 million, Free Cash Flow of $103.3 million and 46.3% conversion of Adjusted EBITDA.Full year 2023 outlook for revenue between $940 million and $990 million, representing growth of approximately 0.5% at the midpoint, and an Adjusted EBITDA margin of approximately 23%. “We finished 2022 by delivering another strong quarter, coming in above our revenue and Adjusted EBITDA margin guidance. We continued to diversify our revenue base this year, signing and expanding our relationships with some of the world’s largest technology companies, as well as Fortune 500 firms and our core, digit...