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E2open Parent Holdings, Inc. (ETWO) SEC Filing 10-Q Quarterly Report for the period ending Tuesday, August 31, 2021

E2open Parent Holdings, Inc.

CIK: 1800347 Ticker: ETWO

 

Exhibit 99.1

img193701694_0.jpg 

 

 

E2open Announces Fiscal Second Quarter 2022 Financial Results

Achieved organic growth target one quarter early

Reiterates previously raised revenue guidance

Increases adjusted EBITDA guidance

 

AUSTIN, Texas – October 13, 2021 –

E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, today announced financial results for its fiscal second quarter 2022 ended August 31, 2021.

 

“We had a very strong second quarter where we exceeded our plan on revenue, gross margin, and EBITDA. Earlier this year, we announced that we would achieve double-digit organic growth in our fiscal third quarter. We are excited to have achieved this important milestone one quarter early,” said Michael Farlekas, chief executive officer of E2open. “Due to our strong performance and accelerating momentum in the first half of our fiscal 2022, we are reaffirming our revenue guidance which we raised on September 1st. We also acquired BluJay Solutions and we are excited to share our combined capabilities with our customers and welcome BluJay’s talented team to E2open.”

 

Fiscal Second Quarter 2022 Financial Highlights

 

NOTE: Non-GAAP revenue adds back amortization of the purchase accounting fair value adjustment to deferred revenue resulting from the business combination with CC Neuberger Principal Holdings I (CCNB1) as required by GAAP. The Company is adding this back to provide better comparability in the calculation of our organic growth rate.

 

Revenue: Total GAAP revenue for fiscal second quarter 2022 reached $78.1 million, a decrease of 4.6% from $81.8 million in the fiscal second quarter of 2021. Total non-GAAP revenue was $92.3 million, an increase of 12.8% compared to $81.8 million in the fiscal second quarter of 2021. E2open was able to achieve a double-digit organic growth rate one quarter early from previous expectations.

 

GAAP subscription revenue for the fiscal second quarter of 2022 was $61.7 million compared to $69.0 million in the prior year period, a decrease of 10.6%. Fiscal second quarter 2022 non-GAAP subscription revenue was up 10.0% to $75.9 million compared to $69.0 million from the prior fiscal second quarter.

 

Gross Profit: Gross profit for the fiscal second quarter of 2022 was $38.5 million, a decrease of 25.4% compared with $51.7 million in the same quarter of 2021. Non-GAAP gross profit for the fiscal second quarter of 2022 was $68.1 million, an increase of 16.5% compared to $58.5 million in the prior year's second quarter.

 

Gross Margin: Gross margin was 49.3% versus 63.1% in the fiscal second quarter of 2022 versus 2021, respectively. Non-GAAP gross margin was 73.8% versus 71.5% when compared to fiscal second quarter of 2021.

 

 


The following information was filed by E2open Parent Holdings, Inc. (ETWO) on Wednesday, October 13, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside E2open Parent Holdings, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Loss (Unaudited)
Condensed Consolidated Statements Of Operations (Unaudited)
Condensed Consolidated Statements Of Stockholders' Equity (Unaudited)
Accounting Standards
Accounting Standards - Additional Information (Details)
Accounts Payable And Accrued Liabilities
Accounts Payable And Accrued Liabilities (Tables)
Accounts Payable And Accrued Liabilities - Schedule Of Accrued Expenses And Other Current Liabilities (Details)
Blujay Acquisition
Blujay Acquisition - Additional Information (Details)
Commitments And Contingencies
Contingent Consideration
Contingent Consideration - Additional Information (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Summary Of Basic And Diluted Per Share Computations For Net Income (Details)
Earnings Per Share - Summary Of Weighted Average Potential Common Shares Excluded From Diluted Loss Per Common Shares (Details)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Reconciliation Of Beginning And Ending Balances Of Acquisition Related Accrued Earn-Outs Using Significant Unobservable Inputs (Level 3) (Details)
Fair Value Measurement - Reconciliation Of Warrant Liability (Details)
Fair Value Measurement - Summary Of Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Fair Value Measurement - Summary Of Investments (Details)
Income Taxes
Income Taxes - Additional Information (Details)
Intangible Assets, Net
Intangible Assets, Net (Tables)
Intangible Assets, Net - Additional Information (Details)
Intangible Assets, Net - Schedule Of Intangible Assets, Net (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Classifications Of Estimated Rou Assets, Net And Lease Liabilities (Details)
Leases - Schedule Of Future Minimum Payments Under Non-Cancelable Operating Leases (Details)
Leases - Summary Of Lease Cost (Details)
Leases - Supplemental Cash Flow Information Related To Leases (Details)
Leases - Undiscounted Future Cash Flows Utilized In Calculation Of Lease Liabilities (Details)
Leases - Weighted-Average Remaining Lease Terms And Discount Rates Of Leases (Details)
Liquidity And Capital Resources
Liquidity And Capital Resources - Additional Information (Details)
Noncontrolling Interests
Noncontrolling Interests - Additional Information (Details)
Notes Payable
Notes Payable (Tables)
Notes Payable - Additional Information (Details)
Notes Payable - Schedule Of Notes Payable Outstanding (Details)
Organization And Basis Of Presentation
Organization And Basis Of Presentation (Policies)
Other Comprehensive (Loss) Income
Other Comprehensive (Loss) Income (Tables)
Other Comprehensive (Loss) Income - Accumulated Other Comprehensive Income In Equity Section Of Condensed Consolidated Balance Sheets (Details)
Property And Equipment, Net
Property And Equipment, Net (Tables)
Property And Equipment, Net - Additional Information (Details)
Property And Equipment, Net - Schedule Of Property And Equipment, Net (Details)
Revenue
Revenue (Tables)
Revenue - Additional Information (Details)
Revenue - Additional Information1 (Details)
Revenue - Revenue By Geographic Region (Details)
Severance And Exit Costs
Severance And Exit Costs (Tables)
Severance And Exit Costs - Additional Information (Details)
Severance And Exit Costs - Schedule Of Changes In Severance And Exit Costs Accruals (Details)
Severance And Exit Costs - Schedule Of Severance And Exit Costs Included In Acquisitions (Details)
Share-Based And Unit-Based Compensation
Share-Based And Unit-Based Compensation (Tables)
Share-Based And Unit-Based Compensation - Additional Information (Details)
Share-Based And Unit-Based Compensation - Schedule Of Activity Under The 2021 Incentive Plan Related To Rsus (Details)
Share-Based And Unit-Based Compensation - Schedule Of Functional Classification In The Condensed Consolidated Statements Of Operations (Details)
Share-Based And Unit-Based Compensation - Schedule Of Restricted Equity Plan (Details)
Share-Based And Unit-Based Compensation - Summary Of Activity Under The 2021 Incentive Plan Related To Options (Details)
Share-Based And Unit-Based Compensation - Summary Of Estimated Grant-Date Fair Values Assumptions (Details)
Share-Based And Unit-Based Compensation - Summary Of Unit Option Plan (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Details)
Stockholders' Equity - Schedule Of Changes In Outstanding Stock (Details)
Stockholders' Equity - Schedule Of Changes In Outstanding Stock (Parenthetical) (Details)
Subsequent Events
Subsequent Events - Additional Information (Details)
Tax Receivable Agreement
Tax Receivable Agreement - Additional Information (Details)
Warrants
Warrants - Additional Information (Details)

Material Contracts, Statements, Certifications & more

E2open Parent Holdings, Inc. provided additional information to their SEC Filing as exhibits

Ticker: ETWO
CIK: 1800347
Form Type: 10-Q Quarterly Report
Accession Number: 0000950170-21-002115
Submitted to the SEC: Wed Oct 13 2021 5:14:49 PM EST
Accepted by the SEC: Wed Oct 13 2021
Period: Tuesday, August 31, 2021
Industry: Computer Processing And Data Preparation

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