Smartsheet Stock Price, News & Analysis

The Future of Work Management Report by Smartsheet reveals that 83% of Australian employees manage projects without formal project management training. Nearly 18% are 'citizen project managers' unprepared for their roles, with 90% reporting negative impacts from poor project management. The report identifies a resource recession across industries, indicating a shortage of trained personnel. Key takeaways highlight the need for better support, focus on essential project tasks, and improved processes. The survey emphasizes the necessity for organizations to shift towards a resource revolution to enhance productivity and job satisfaction.

Smartsheet (NYSE: SMAR) announced that its President and CEO, Mark Mader, will present at the 25th Annual Needham Growth Conference in New York, NY on January 10, 2023, at 2:15 p.m. Eastern Time. A live webcast of the event will be available on the company's investor website, with a replay accessible afterward. Smartsheet's platform enhances modern work management by aligning technology and people, allowing users to drive innovation and achieve greater results.

Smartsheet reported strong third quarter results for fiscal 2023, with total revenue rising 38% to $199.6 million and calculated billings growing 36% to $219.6 million. Subscription revenue increased by 40% to $186.1 million. However, the company faced a GAAP operating loss of $42.6 million, up from $36.0 million a year ago. Non-GAAP metrics showed a net loss of $1.9 million, a slight improvement from last year. For Q4, Smartsheet expects revenue of $205-$207 million, reflecting a year-over-year growth of 30-32%.

Smartsheet (NYSE:SMAR) has been recognized as a Leader in the Forrester Wave™: Collaborative Work Management Tools, Q4 2022. The report assessed 13 providers, highlighting Smartsheet's strengths in integration capabilities, performance, and innovation roadmap, scoring the highest in 16 criteria. With a broad set of work types and a flexible platform, Smartsheet is well-positioned for enterprise management. Additionally, the company was named a Strong Performer in the Forrester Wave™: Strategic Portfolio Management Tools, Q1 2022, reinforcing its competitive edge.

Smartsheet Inc. (NYSE: SMAR) will release its third quarter fiscal year 2023 financial results on December 1, 2022, after U.S. market close. The quarter ended October 31, 2022. A conference call will follow at 4:30 p.m. ET to discuss the results, with access details provided for both live and replay listeners. The company aims to align people with technology, enhancing work management capabilities for its users. Investors can expect insights into the company’s performance during the call.

Smartsheet announces its participation in the United States Grand Prix in Austin, Texas, from October 21-23, 2022, collaborating with McLaren F1 and The Hidden Genius Project. The event includes a Tech Slam for local youth, focusing on technology and sports. This initiative builds on earlier successes with the Sponsor X program, promoting tech mentorship for underrepresented communities. The Hidden Genius Project has empowered over 8,500 Black youth in tech and entrepreneurship, reinforcing Smartsheet's commitment to diversity and innovation.

Smartsheet (NYSE:SMAR) announces its pivotal role in assisting Climate Pledge Arena and Seattle Kraken in achieving a record-breaking inaugural year. Utilizing Smartsheet's dynamic work management platform, the organizations streamlined their event management, enhancing collaboration and efficiency. The arena, the first net zero–certified venue globally, successfully navigated challenges during its launch amidst a pandemic. Both entities plan to expand Smartsheet's application across additional departments to further boost operational efficiency.

Smartsheet showcased new innovations and client success stories at its annual ENGAGE conference, emphasizing the importance of adaptability and collaboration in modern work environments. CEO Mark Mader highlighted how organizations can achieve more with the platform, empowering teams across various sectors, including racing and healthcare. Notable features introduced include Project Assistant for project initiation, Capacity View for resource management, and the new Desktop App. Upcoming integrations aim to enhance data management and collaboration across systems.