Upland Software Stock Price, News & Analysis

Upland Software (Nasdaq: UPLD) reported Q3 2022 revenue of $79.5 million, up 5% year-over-year, despite a 3% negative impact from foreign exchange rates. Subscription revenue increased to $75.1 million, also affected by FX. The GAAP net loss improved to $6.5 million, with net loss per share at $0.22. Adjusted EBITDA was $24.9 million, or 31% of total revenue. Upland expects Q4 revenue between $74.1 and $80.1 million, with a full-year revenue forecast of $312.6 to $318.6 million. The company secured a $115 million strategic equity investment from HGGC to support growth initiatives.

Upland Software (Nasdaq: UPLD) has been recognized in the 2022 Gartner Market Guide for Customer Service Knowledge Management Systems for its products, Panviva and RightAnswers. The company emphasizes its decade-long commitment to knowledge management, leveraging AI and machine learning to deliver actionable insights. Keith Berg, SVP at Upland, stated that their solutions enable businesses to simplify processes and enhance customer interactions. Upland was also mentioned as a Sample Vendor in the Gartner Hype Cycle for Customer Service and Support Technologies, underscoring the growing importance of knowledge management.

Upland Software, Inc. (Nasdaq: UPLD) will release its third-quarter financial results on November 3, 2022, after market close. A conference call is scheduled for 4:00 p.m. CT / 5:00 p.m. ET to discuss the results. Investors can access the call via a webcast or by dialing the provided numbers. Upland provides cloud software solutions to help businesses accelerate digital transformation, serving over 1,800 enterprise customers.

Upland Software, Inc. (NASDAQ: UPLD) has launched RightAnswers X, a browser extension that enhances the RightAnswers knowledge management system. This tool provides an AI-powered centralized search function, allowing seamless knowledge sharing across the enterprise. Key features include simplified setup, in-app knowledge capture, and expanded integration capabilities for various operational teams. RightAnswers X is now available for existing customers, aimed at improving efficiency and fostering a corporate knowledge culture.

Upland Software (NASDAQ: UPLD) is expanding its SMS marketing services into the UK with its platform, Waterfall. This product allows brands to automate two-way SMS conversations, enhancing customer engagement through promotions, surveys, and QR code offers. Upland aims to leverage the resurgence of SMS among UK consumers, as revealed by Ian Burk, the Chief Business Officer. Waterfall will debut at the Technology for Marketing event in London on September 28-29, showcasing Upland's MarTech offerings alongside a presentation on SMS marketing.

Upland Software reported Q2 2022 revenue of $80.2 million, growing 5% year-over-year despite a 3 percentage point negative impact from foreign currency exchange (FX). Subscription revenue reached $75.0 million, up 4%, with GAAP net loss narrowing to $16.4 million or $0.52 per share. Adjusted EBITDA was $24.5 million, maintaining a 31% margin. Upland anticipates Q3 revenue between $75.7 million and $81.7 million, reflecting a 3% growth rate. The company secured a $115 million equity investment from HGGC to enhance liquidity and growth prospects.

Upland Software (Nasdaq: UPLD) plans to announce its second-quarter financial results on August 3, 2022, after market close. A conference call is scheduled for 4:00 p.m. Central Time / 5:00 p.m. Eastern Time, accessible via webcast or by phone. The company specializes in cloud software solutions that support digital transformation for over 1,800 enterprise customers.

Upland Software, Inc. (NASDAQ: UPLD) announced a strategic equity investment of $115 million from HGGC, a leading private equity firm. The investment, comprising convertible preferred stock, aims to position Upland for upcoming merger and acquisition opportunities in the current economic climate. The preferred stock will convert at $17.50 per share, a 30% premium over its recent market price, and carries a 4.5% dividend. Following the transaction, Upland expects to strengthen its board and enhance its operational capabilities with HGGC's support.