Amber Road, Inc. (AMBR) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Exhibit 99.1

Amber Road Announces Fourth Quarter and Full Year 2018 Financial Results

EAST RUTHERFORD, N.J.--(BUSINESS WIRE)--February 11, 2019--Amber Road, Inc. (NYSE: AMBR), a leading provider of global trade management (GTM) solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2018.

Jim Preuninger, Chief Executive Officer of Amber Road, stated, “Q4 was a strong quarter for Amber Road, exceeding the high end of both our revenue and profit guidance. Strength in the quarter was driven by accelerating subscription growth rates. For the full year 2018, I am pleased to report that we generated $3.3 million in cash flow from operations. We also had very strong Adjusted EBITDA of $5.4 million or a 6.3% margin, a significant improvement from break-even in the prior year. We have built a business that is financially strong with improving levels of profit and cash flow. We believe in 2019 and beyond, we can continue to deliver against these key metrics by taking advantage of opportunities in global trade, bringing more focus to our sales and marketing efforts, driving expansion into new markets, and returning subscription revenue growth to the double-digit levels exiting the year.”

Fourth Quarter 2018 Financial Highlights

Revenue

• Total revenue was $21.9 million, an increase compared to $20.6 million for the comparable period of 2017.
• Subscription revenue was $16.3 million, an increase compared to $14.9 million for the comparable period of 2017.
• Professional services revenue was $5.6 million, a decrease compared to $5.7 million for the comparable period of 2017.

Operating Income (Loss)

• GAAP operating loss was $(2.1) million, compared to $(1.9) million for the comparable period of 2017.
• Non-GAAP adjusted operating income (loss)⁽¹⁾ was $0.4 million, compared to $(0.1) million for the comparable period of 2017.

Net Loss

• GAAP net loss was $(2.6) million, compared to $(1.8) million for the comparable period of 2017.
• GAAP basic and diluted net loss per share was $(0.09), compared to $(0.07) for the comparable period of 2017, based on 28.1 million and 27.5 million basic and diluted weighted average shares outstanding, respectively.
• Non-GAAP adjusted net loss⁽¹⁾ was $(86,526), compared to $(10,292) for the comparable period of 2017.
• Non-GAAP adjusted net loss per share was $0.00, compared to $0.00 for the comparable period of 2017, based on 28.1 million and 27.5 million basic and diluted weighted average shares outstanding, respectively.

Adjusted EBITDA

• Adjusted EBITDA was $1.6 million, compared to $1.3 million for the comparable period of 2017.