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Document and Entity Information - shares | 9 Months Ended | |
---|---|---|
Nov. 30, 2021 | Jan. 10, 2022 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Nov. 30, 2021 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q3 | |
Entity Registrant Name | E2open Parent Holdings, Inc. | |
Entity Central Index Key | 0001800347 | |
Entity File Number | 001-39272 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 86-1874570 | |
Entity Address, Address Line One | 9600 Great Hills Trail | |
Entity Address, Address Line Two | Suite 300E | |
Entity Address, City or Town | Austin | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 78759 | |
City Area Code | 866 | |
Local Phone Number | 432-6736 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Current Fiscal Year End Date | --02-28 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 301,359,967 | |
Class A ordinary shares | ||
Document Information [Line Items] | ||
Title of 12(b) Security | Class A Common Stock, par value $0.0001 per share | |
Trading Symbol | ETWO | |
Security Exchange Name | NYSE | |
Warrants | ||
Document Information [Line Items] | ||
Title of 12(b) Security | Warrants to purchase one share of Class A Common Stock at an exercise price of $11.50 | |
Trading Symbol | ETWO-WT | |
Security Exchange Name | NYSE |
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by E2open Parent Holdings, Inc..
E2open Parent Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:
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39 Our professional services gross margin increased to 37% for the first nine months of fiscal 2022 from 18% in the first nine months of fiscal 2021, primarily due to the BluJay Acquisition, new subscription sales and customers delaying projects in fiscal year 2021 due to the COVID-19 pandemic, which resulted in favorable year-over-year growth.
This benefit was partially offset by nondeductible mark-to-market losses associated with contingent liabilities and certain equity consideration liabilities and changes in valuation allowances in certain jurisdictions within which we operate as well as the impact to fiscal 2022 of losses attributable to our noncontrolling interest in our affiliate.
Our professional services gross margin increased to 41% for third quarter of fiscal 2022 from 17% in the third quarter of fiscal 2021 primarily due to the BluJay Acquisition in fiscal 2022 and new subscription sales, in addition to customers delaying projects in fiscal year 2021 due to the COVID-19 pandemic, which resulted in favorable year-over-year growth.
This benefit was partially offset by nondeductible mark-to-market losses associated with contingent liabilities and certain equity consideration liabilities and changes in certain jurisdictions within which we operate as well as the impact to fiscal 2022 of losses attributable to our noncontrolling interest in our affiliate.
Additionally, $16.3 million of the increase was due to an increase in our professional services revenue primarily related to the BluJay Acquisition, new subscription sales and customers delaying projects in fiscal year 2021 due to the COVID-19 pandemic, which resulted in favorable year-over-year growth.
The increase was due to...Read more
The increase in adjusted gross...Read more
The increase in adjusted gross...Read more
Additionally, $21.7 million of the...Read more
We consider an accounting judgment,...Read more
This increase was driven by...Read more
Adjusted EBITDA 47 Adjusted EBITDA...Read more
The increase in cash provided...Read more
The increase was primarily related...Read more
The Adjusted EBITDA decline was...Read more
Non-GAAP Financial Measures We have...Read more
The decrease in EBITDA and...Read more
The increase was primarily related...Read more
Cash Flows The following table...Read more
The decrease in EBITDA and...Read more
The increase in Non-GAAP subscriptions...Read more
The increase in Non-GAAP subscriptions...Read more
The increase in Non-GAAP revenue...Read more
The increase in Non-GAAP revenue...Read more
The term of the Tax...Read more
The Non-GAAP gross margin increased...Read more
These expenses were partially offset...Read more
We believe these non-GAAP measures...Read more
Interest and Other Expense, Net...Read more
Interest and Other Expense, Net...Read more
EBITDA margins decreased to a...Read more
EBITDA margins decreased to a...Read more
The increase in subscriptions revenue...Read more
The Non-GAAP gross margin was...Read more
The increase was mainly related...Read more
The increase was mainly related...Read more
These expenses were partially offset...Read more
Pursuant to the Tax Receivable...Read more
The payments that we would...Read more
Professional services revenue was $30.0...Read more
Professional services revenue was $61.7...Read more
Furthermore, share-based compensation increased by...Read more
Additionally, we paid $2.5 million...Read more
Nine Months Ended November 30,...Read more
Three Months Ended November 30,...Read more
Nine Months Ended November 30,...Read more
This increase is primarily related...Read more
34 Three Months Ended November...Read more
Recent Accounting Pronouncements For information...Read more
44 Non-GAAP Revenue Non-GAAP revenue...Read more
Non-GAAP Revenue Non-GAAP revenue was...Read more
The BluJay Acquisition in fiscal...Read more
EBITDA 45 EBITDA was a...Read more
EBITDA EBITDA was a loss...Read more
Gross Profit Gross profit was...Read more
There were no outstanding letters...Read more
36 General and Administrative General...Read more
General and Administrative General and...Read more
Non-GAAP Gross Profit Non-GAAP gross...Read more
Non-GAAP Gross Profit Non-GAAP gross...Read more
Amortization of acquired intangible assets...Read more
Amortization of acquired intangible assets...Read more
Leases Effective March 1, 2021,...Read more
Cost of Revenue, Gross Profit...Read more
Cost of Revenue, Gross Profit...Read more
The BluJay Acquisition and increased...Read more
The early termination payment may...Read more
This increase is primarily related...Read more
The change was primarily due...Read more
(2)Primarily includes foreign currency exchange...Read more
The change was primarily due...Read more
The liability related to the...Read more
The increase was primarily attributable...Read more
The increase was primarily attributable...Read more
The increase in gross profit...Read more
Income tax benefit was $3.4...Read more
Income tax benefit was $10.8...Read more
Off-Balance Sheet Arrangements We are...Read more
The decrease was primarily driven...Read more
The decrease was primarily driven...Read more
Research and Development Research and...Read more
Research and Development Research and...Read more
We will retain the benefit...Read more
Liquidity and Capital Resources We...Read more
(6)Primarily includes foreign currency exchange...Read more
As such, we are unable...Read more
The increase was due to...Read more
There was no gain or...Read more
The tax receivable agreement liability,...Read more
The tax receivable agreement liability,...Read more
These non-GAAP measures are not...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
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: 0000950170-22-000266
Submitted to the SEC: Wed Jan 12 2022 4:22:33 PM EST
Accepted by the SEC: Wed Jan 12 2022
Period: Tuesday, November 30, 2021
Industry: Computer Processing And Data Preparation