Welcome to our dedicated page for Workiva news (Ticker: WK), a resource for investors and traders seeking the latest updates and insights on Workiva stock.
Workiva Inc. provides an AI-powered platform used by accounting, finance, sustainability, risk and audit teams to connect data, unify reporting processes and produce audit-ready work. Company news commonly centers on quarterly and annual results, subscription and support revenue, professional services revenue, operating margin and revenue outlook tied to adoption of the Workiva platform.
Recurring product and business updates cover financial reporting, governance, risk and compliance, sustainability reporting, internal audit and controls, including AI-enabled workflow and data automation features for the Office of the CFO. Workiva also issues updates on investor conference participation and executive or finance-leadership changes.
Workiva recently featured a discussion on the SEC's climate disclosure proposal in an episode of ESG Talk. The episode includes insights from David Kanarek, vice president and managing counsel at American Express, alongside Workiva's Mark Mellen and Steve Soter. The participants analyze potential components of the final ruling and discuss necessary preparations for finance and sustainability teams. This podcast aims to keep organizations informed about the evolving regulations affecting ESG compliance.
Summary not available.
Summary not available.
Summary not available.
A recent survey by PwC US and Workiva (NYSE: WK) reveals that 70% of business leaders are proactively preparing for upcoming SEC climate disclosure rules, regardless of finalization dates. While 68% of executives utilize technology for ESG reporting, 85% express concerns over inadequate tech for compliance. Notably, 95% prioritize ESG reporting, but 40% admit to being unprepared for proposed disclosures. Independent assurance is seen as crucial for meeting these requirements, with 96% of leaders planning to seek it regardless of SEC mandates. The survey involved 300 executives from firms with $500 million or more in revenue.
Summary not available.
Summary not available.
Workiva Inc. (NYSE:WK) announced its participation in two upcoming investor conferences. On March 6, 2023, President & COO Julie Iskow will present at the JMP Securities Technology Conference at 9:30 a.m. PT. Additionally, a fireside chat with Iskow and CFO Jill Klindt is scheduled for March 9, 2023, at 1:05 p.m. PT during the Morgan Stanley Technology, Media and Telecom Conference. The presentations will be available via live webcast and recorded for later viewing on Workiva's investor relations website.
Workiva Inc. (NYSE: WK) announced the appointment of Julie Iskow as Chief Executive Officer, effective April 1, 2023. She succeeds Marty Vanderploeg, who will transition to Non-Executive Chair of the Board. Iskow, who joined Workiva in 2019 as COO, has a strong background in scaling enterprise SaaS companies. The Board expressed confidence in her leadership abilities, citing her commitment to customers and innovation. Vanderploeg, a co-founder, lauded Iskow's impact on the organization's strategy and culture, emphasizing a long-term revenue goal of $1 billion.
Workiva Inc. (NYSE:WK) reported a 19.1% rise in total revenue for Q4 2022, reaching $143.8 million, driven by a 20.7% increase in subscription and support revenue. The company achieved a 23% revenue growth rate for 2022, with ESG identified as a key growth area. Despite a GAAP net loss of $13.9 million for Q4, the non-GAAP net income improved to $4.2 million. Workiva also reported a solid gross revenue retention rate of 97.8%. For 2023, guidance indicates total revenue in the range of $624 million to $626 million, with expected GAAP losses between $111 million and $109 million.