Procore Announces First Quarter 2022 Financial Results

Reconciliation of loss from operations and operating margin to non-GAAP loss from operations and non-GAAP operating margin:

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

(dollars in thousands)

 

Revenue

 

$

159,516

 

 

$

113,938

 

Loss from operations

 

 

(71,137

)

 

 

(12,858

)

Stock-based compensation expense

 

 

37,209

 

 

 

10,303

 

Amortization of acquired intangible assets

 

 

9,662

 

 

 

1,748

 

Employer payroll tax on employee stock transactions

 

 

2,261

 

 

 

300

 

Acquisition-related expenses

 

 

2,346

 

 

 

-

 

Non-GAAP loss from operations

 

$

(19,659

)

 

$

(507

)

Operating margin

 

 

(45

%)

 

 

(11

%)

Non-GAAP operating margin

 

 

(12

%)

 

 

(0

%)

Reconciliation of net loss and net loss per share to non-GAAP net loss and non-GAAP net loss per share:

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

(dollars in thousands)

 

Revenue

 

$

159,516

 

 

$

113,938

 

Net loss

 

 

(71,419

)

 

 

(13,732

)

Stock-based compensation expense

 

 

37,209

 

 

 

10,303

 

Amortization of acquired intangible assets

 

 

9,662

 

 

 

1,748

 

Employer payroll tax on employee stock transactions

 

 

2,261

 

 

 

300

 

Acquisition-related expenses

 

 

2,346

 

 

 

-

 

Non-GAAP net loss

 

$

(19,941

)

 

$

(1,381

)

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Non-GAAP net loss

 

$

(19,941

)

 

$

(1,381

)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares used in computing net loss per

share attributable to common stockholders, basic and

diluted

 

 

134,530,010

 

 

 

31,357,060

 

 

 

 

 

 

 

 

 

 

GAAP net loss per share, basic and diluted

 

$

(0.53

)

 

$

(0.44

)

Non-GAAP net loss per share, basic and diluted

 

$

(0.15

)

 

$

(0.04

)


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »
Featured Video
Jobs
Principal Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Equipment Engineer, Raxium for Google at Fremont, California
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
Greenbuild 2024 at Pennsylvania Convention Center Philadelphia PA - Nov 12 - 15, 2024
Digital Construction North (DCN) 2024 at Manchester Central. Manchester United Kingdom - Nov 13, 2024
Digital Twins 2024 at the Gaylord National Resort & Convention Center in, MD. National Harbor MD - Dec 9 - 11, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise