Workiva Inc Stock Price, News & Analysis

Workiva (NYSE:WK) has announced that its management team will present at the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, at 11:30 a.m. ET. A live webcast will be available on Workiva's investor relations website, providing access to subsequent replays. Workiva is dedicated to enhancing transparency in reporting through innovative solutions for regulatory, financial, and ESG reporting. Their cloud-based platform addresses complex reporting challenges and promotes data connectivity and consistency.

Workiva (NYSE:WK) has expressed support for the Financial Data Transparency Act introduced by Senators Mark Warner and Mike Crapo. This act aims to enhance consistency and transparency in financial regulatory filings by directing major U.S. financial agencies to adopt uniform, machine-readable data standards. Workiva's CEO, Marty Vanderploeg, praised the act as a potential game-changer for capital market efficiency. The proposed modernization is expected to mirror the efficiencies realized from previous government data standardization efforts.

Workiva reported Q1 2022 total revenue of $129.7 million, a 24.4% increase year-over-year, with subscription and support revenue rising 26.1% to $107.1 million. The company added 93 new customers and achieved a revenue retention rate of 97.7%. However, the GAAP net loss surged to $18.5 million from $7.3 million in Q1 2021. The financial outlook includes a projected total revenue range of $534.0 million to $536.0 million for FY 2022.

Workiva Inc. (NYSE:WK) has announced it will release its first quarter financial results on May 3, 2022, after market close, followed by an investor conference call at 5:00 p.m. ET. Investors can join the call by dialing 888-330-2469 (U.S.) or 240-789-2740 (international), with a conference ID of 8736384. A replay will be available until May 10, 2022. Workiva's platform focuses on simplifying regulatory, financial, and ESG reporting, enhancing data transparency and consistency.

Cvent (NASDAQ: CVT) has announced the appointment of Julie Iskow, President and COO of Workiva (NYSE: WK), to its board of directors, effective May 18, 2022. Iskow brings over two decades of experience in the SaaS sector, having led product development and global growth strategies. Her expertise is expected to enhance Cvent's operations and accelerate its growth, particularly in the evolving events landscape. Iskow will replace outgoing board member Sanju Bansal, whose term ends on the same date.

Workiva has enhanced its XBRL financial disclosure solutions by acquiring ParsePort for $100 million in cash. This strategic acquisition positions Workiva to strengthen its market share in Europe for ESEF and statutory reporting. With over a decade of experience, ParsePort is a leading provider of XBRL conversion software, trusted by more than 800 organizations. The deal will allow Workiva to extend its cloud platform offerings, facilitating complex reporting needs amid growing regulatory demands.

Workiva Inc. (NYSE:WK) will participate in the Morgan Stanley Technology, Media and Telecom Conference on March 7, 2022, at 2:30 p.m. ET. The event will be webcast live, with a recording available afterward on Workiva's investor relations page. Workiva's platform simplifies complex work for organizations globally, promoting efficiency, transparency, and risk reduction. For more insights, visit their website.