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 (NYSE:WK) is set to host its annual Investor Day on September 13, 2022, from 10 a.m. to 12 p.m. PT during the Workiva Amplify Conference at the MGM Grand Hotel in Las Vegas. The event will feature presentations from company executives about Workiva's platform, markets, and strategies, followed by a live Q&A. Virtual attendance is also available. Participants can register at https://events.workiva.com/BWKlq1. A replay will be accessible post-event on Workiva's Investor Relations site.
The SEC Professionals Group announces that Paul Munter, Acting Chief Accountant of the U.S. Securities and Exchange Commission, will address their quarterly meeting on September 13, 2022, at 10:00 a.m. Pacific time, during the Workiva Amplify user conference in Las Vegas, Nevada. Munter will discuss the Office of the Chief Accountant's priorities, including climate disclosure and auditor independence. The SEC Professionals Group represents over 10,000 members, facilitating communication between the SEC and financial reporting practitioners.
Workiva (NYSE:WK) announced its annual Investor Day will be held on September 13, 2022, during the Workiva Amplify Conference at the MGM Grand Hotel, Las Vegas, from 10 a.m. to 12 p.m. MT. The event will feature presentations from company executives regarding Workiva's platform, markets, and go-to-market strategies, followed by a live Q&A. Attendees can participate in person or virtually. Registration is available online, and a replay will be accessible after the event on Workiva's investor relations site.
Workiva reported a strong Q2 2022 performance, achieving total revenue of $131.5 million, an increase of 24.6% year-over-year. Subscription and support revenue reached $113.4 million, up 24.3%. The company added 123 new customers and reported a revenue retention rate of 97.9%. However, Workiva experienced a GAAP net loss of $28.9 million, compared to a $9.5 million loss in the prior year. For the second half of 2022, the company plans to balance growth investments with a focus on operating leverage, with expectations of returning to profitability in late 2023.
Workiva Inc. (NYSE:WK) announced plans to release its second quarter financial results on August 9, 2022, after market close. An investor conference call will follow at 5:00 p.m. ET, accessible by dialing 888-330-2469 for U.S. participants. A live webcast will be available and can be accessed at investor.workiva.com. A replay of the call will be available until August 16, 2022. Workiva specializes in cloud-based regulatory, financial, and ESG reporting solutions.
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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.
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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.