Upland Software Stock Price, News & Analysis

Upland Software has announced the Winter 2021 Release of its Qvidian product, introducing new self-service features, enhanced whitelisting, and time tracking capabilities aimed at improving proposal creation efficiencies.

Key features include:

• Upland Assist: A centralized support tool for users.
• Email Domain Whitelisting: Administrators can restrict email communication to specified domains.
• Bulk Format Sections: Streamlined formatting for Word documents.
• Time Tracking: Insights into project-related time usage.

The features launch on November 13.

Upland Software (Nasdaq: UPLD) reported Q3 2021 financial results with total revenue of $76.1 million, a 3% increase year-over-year. Subscription revenue rose by 2% to $72.3 million. The GAAP net loss was $11.0 million or $0.36 per share, an improvement from Q3 2020. Adjusted EBITDA held steady at $25.0 million, accounting for 33% of total revenue. However, Upland revised its Q4 2021 guidance, anticipating total revenue between $73.2 million and $77.2 million, reflecting a potential 4% decline in recurring revenue.

Upland Software (NASDAQ: UPLD) has launched the Altify Sales Reference Manager, a new application designed for B2B sellers using the Salesforce platform. This tool aims to enhance deal velocity by providing tailored reference account suggestions directly within Salesforce, thus streamlining the sales process. It allows sales teams to swiftly connect with relevant contacts for peer-to-peer reference calls, improving overall win rates. The product addition reinforces Upland's commitment to empowering global businesses through digital transformation.

Upland Software (NASDAQ: UPLD) will release its third-quarter financial results on November 3, 2021, after market close. An investor conference call is scheduled for 4:00 p.m. Central Time, accessible via webcast or by phone. Upland specializes in digital transformation through its cloud software solutions, catering to over 1,700 enterprise customers. A recording of the call will be available afterward on the company’s investor relations website.

Upland Software reported Q2 2021 financial results with total revenue of $76.3 million, up 7% year-over-year. Subscription revenue also rose 7% to $72.4 million. However, the GAAP net loss increased to $19.0 million or $0.63 per share, compared to a loss of $14.2 million a year prior. Adjusted EBITDA was $23.7 million, at 31% of revenue. The company expects Q3 revenue between $75.4 and $79.4 million and full-year revenue between $300.8 and $312.8 million, projecting 5% growth. Upland also completed the acquisition of Panviva.

Upland Software (Nasdaq: UPLD) will release its second quarter financial results on August 4, 2021, after market close. An investor conference call is scheduled for 4:00 p.m. Central Time the same day. Investors can access the call via a webcast on their investor relations site or by dialing provided phone numbers. Upland Software offers a diverse cloud software library aimed at accelerating digital transformation, catering to over 1,700 enterprise customers.

Upland Software (Nasdaq: UPLD) has acquired Panviva Pty Ltd, enhancing its capabilities in enterprise knowledge management. This strategic move aims to boost productivity in regulated industries such as healthcare and finance. The acquisition cost was $19.8 million, with expected annual revenue generation of $7.5 million, all recurring. Upland raised its 2021 financial guidance, projecting total revenue between $300.8 and $312.8 million, and Adjusted EBITDA of $94.8 to $100.8 million. This acquisition is part of Upland's commitment to address unique knowledge management needs across sectors.

Upland Software (Nasdaq: UPLD) reported a 9% revenue increase for Q1 2021, totaling $74 million. Subscription and support revenue rose 11% to $70.7 million. Despite a GAAP net loss of $20.7 million (loss of $0.69/share), operating cash flow improved significantly to $12.5 million, up from a loss of $5.3 million in Q1 2020. Upland made two strategic acquisitions in Q1, enhancing its cloud product offerings. For Q2 2021, Upland expects revenue between $73-77 million, while full year revenue guidance is set between $299-311 million, anticipating a 5% growth in recurring revenue.

Upland Software will release its financial results for Q1 2021 on May 5, 2021, after market close. An investor conference call is scheduled for 4:00 PM CT, accessible via a webcast or telephone. Upland Software specializes in cloud-based solutions for digital transformation, focusing on enhancing customer engagement, optimizing sales performance, managing projects, and automating document workflows. The Upland Cloud is dedicated to customer success with a commitment to its UplandOne platform.