Workiva Inc Stock Price, News & Analysis

The SOX & Internal Controls Professional Group, in collaboration with KPMG US and Workiva (NYSE:WK), released its sixth annual survey highlighting trends in SOX compliance amid the ongoing impacts of the COVID-19 pandemic. Key findings indicate that 53% of companies shifted to fully remote work, while 62% reported no loss in SOX compliance staff. The average number of key controls increased to 300, driven by company revenue. Despite positivity in compliance adjustments, 75% of practitioners still utilize multiple technologies, and automation remains underutilized, with two-thirds not employing bots.

Workiva (NYSE: WK) announced it will release its third quarter financial results on November 3, 2021, after market closure. Following this, an investor conference call will be held at 5:00 p.m. ET. Investors can join by dialing 833-968-1977 (U.S.) or 647-689-6649 (international), using conference ID 8009407. A replay will be available until November 10, 2021, along with an archived webcast on their investor relations site.

Workiva Inc. (NYSE: WK) has been recognized as a Leader in The Forrester Wave™: Governance, Risk, and Compliance Platforms Q3 2021 report. The company achieved the highest score in 12 out of 25 evaluation criteria, including Audit Management and Vision. Workiva's platform facilitates collaboration and integration for operational, financial, and compliance reporting globally. This acknowledgment underscores Workiva's commitment to simplifying complex business processes and enhancing return on investment for clients worldwide.

Workiva Inc. (NYSE: WK) has launched a new data preparation capability called Data Prep at its annual conference. This no-code tool enables users to cleanse, transform, and integrate data from various enterprise systems, improving compliance reporting and collaboration. With pre-built transformations, Data Prep standardizes data reporting, reducing inconsistencies and enhancing accuracy. Enhanced by the recent acquisition of OneCloud, this functionality connects seamlessly with over 70 applications, streamlining data integration across platforms.

Wilson Sonsini Goodrich & Rosati has partnered with Workiva Inc. (NYSE: WK) to automate the daunting task of generating the registration statement for initial public offerings (IPOs), known as the SEC Form S-1. Their new tool, WS-1, aims to cut the approximately 950 hours required for drafting these documents, allowing clients to focus on more valuable aspects of the IPO process. The WS-1 has already been used in two pilot projects, showcasing significant efficiency improvements.

The SOX & Internal Controls Professional Group has announced the lineup for the upcoming SOX Summit, taking place virtually on September 20, 2021, from 2:00-4:30 p.m. EDT. Highlights include a keynote from Overstock's CEO Jonathan Johnson, who will discuss leadership and compliance, along with presentations from KPMG partners on identifying material weaknesses. The summit aims to provide actionable insights for accounting professionals, enhancing their personal development and career growth opportunities.

Workiva (NYSE:WK) announced its participation in the BMO 2021 Technology Summit on August 25, 2021. The event will feature presentations by Jill Klindt, Chief Financial Officer, and Mike Rost, VP of Corporate Development and Investor Relations, starting at 9:00 a.m. Eastern Time. A live webcast and replay will be available on the company's investor relations website.

Workiva provides a platform that simplifies complex work, enhancing efficiency and transparency for organizations worldwide. For more information, visit workiva.com.

Workiva (NYSE:WK) reported strong Q2 2021 results, with total revenue increasing by 25.9% to $105.6 million. Subscription and support revenues surged 29.0% year-over-year. The company raised its full-year revenue guidance to $430 million to $432 million. GAAP net loss narrowed to $9.5 million from $19.6 million in Q2 2020, while non-GAAP net income improved to $3.8 million. The customer base grew to 3,949 with a 96.0% revenue retention rate. Workiva acquired OneCloud to enhance its integration capabilities, further positioning itself for growth.