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E2open Parent Holdings, Inc. (ETWO) SEC Filing 10-K Annual Report for the fiscal year ending Monday, February 28, 2022

E2open Parent Holdings, Inc.

CIK: 1800347 Ticker: ETWO

 

Exhibit 99.1

img193701694_0.jpg 

 

 

E2open Announces Fiscal 2022 Fourth Quarter and Full Year Financial Results

Exceeded Guidance for Fiscal Year 2022

Accelerated Subscription Growth Rate in Fiscal 2022

Increases Long-Term Organic Growth Rate from 10%+ to 12%+

 

AUSTIN, Texas – April 27, 2022 –

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 fourth quarter and full year ended February 28, 2022.

 

"We are proud that the E2open platform is playing a critical role in improving the health and resiliency of the world’s most important supply chains," said Michael Farlekas, chief executive officer at E2open. "E2open’s unified network-based platform that combines data with AI-driven applications is the centerpiece of large, complex digital supply chain transformations."

 

"We are pleased to report strong fourth quarter and fiscal 2022 results, exceeding our annual revenue guidance. We added significant talent and capabilities in transportation and logistics with the acquisition and integration of BluJay Solutions," continued Farlekas. "In fiscal 2023, our non-GAAP subscription revenue growth rate is expected to increase from 9.8% to 11.4% from a base of $354 million in fiscal 2022 as compared to a base of $493 million in fiscal 2023, continuing our pattern of organic growth rate acceleration as we scale. Over 90% of fiscal 2023 subscription revenue is contracted, the net subscription retention has reached 108%, and as a result we are confident that our organic growth rate will again accelerate in 2023, as our guidance indicates."

 

"E2open achieved our long-term organic revenue growth target of over 10% earlier than expected, and as a result, we are increasing the long-term organic growth target to over 12%," said Farlekas. "We are leaning into the very strong demand environment and making incremental go-to-market investments to further increase our growth trajectory and build on the success of our existing growth initiatives and the very long-term nature of our client relationships."

 

Fiscal Fourth Quarter 2022 Financial Highlights

 

NOTE: Refer to Reconciliation of pro forma and non-GAAP Information Tables at the end of this press release for more detail regarding revenue, gross margin, adjusted earnings per share and adjusted EBITDA.

 

Revenue
o
GAAP subscription revenue for the fourth quarter of 2022 grew 79% from the comparable period to $115.8 million. Non-GAAP subscription revenue was $122.3 million or 81.2% of total non-GAAP revenue. Non-GAAP subscription revenue growth was 11.0%. Subscription revenue growth of 11.0% represents growth based on prior year revenue of E2open and BluJay, as if BluJay was acquired on September 1, 2020.

 

o
Total GAAP revenue for fourth quarter of 2022 grew 78.0% from the comparable period to $144.2 million. Total non-GAAP revenue grew at 10.2% to $150.6 million. The revenue growth of 10.2% represents growth based on prior year revenue of E2open and BluJay, as if BluJay was acquired on September 1, 2020.

 


The following information was filed by E2open Parent Holdings, Inc. (ETWO) on Wednesday, April 27, 2022 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-K Annual 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-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Comprehensive Loss (Parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
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)
Business Combination And Acquisitions
Business Combination And Acquisitions (Tables)
Business Combination And Acquisitions - Additional Information (Details)
Business Combination And Acquisitions - Schedule Of Allocation Of Purchase Price To Net Assets Acquired Based On Estimated Fair Values, As Well As Associated Estimated Useful Lives Of Acquired Intangible Assets (Details)
Business Combination And Acquisitions - Schedule Of Preliminary Allocation Of Purchase Price To Predecessor's Tangible And Intangible Assets Acquired And Liabilities Assumed Based On Fair Value (Details)
Business Combination And Acquisitions - Schedule Of Preliminary Allocation Of Purchase Price To Predecessor's Tangible And Intangible Assets Acquired And Liabilities Assumed Based On Fair Value (Parenthetical) (Details)
Business Combination And Acquisitions - Summary Of Equity Consideration Paid To Equity Holders (Details)
Business Combination And Acquisitions - Summary Of Estimated Fair Value (Parenthetical) (Details)
Business Combination And Acquisitions - Summary Of Estimated Fair Value Of Business Combination And Consideration Paid For Acquisition (Details)
Business Combination And Acquisitions - Summary Of Estimated Fair Value Of Business Combination And Consideration Paid For Acquisition (Parenthetical) (Details)
Business Combination And Acquisitions - Summary Of Fair Value Of Intangible Assets (Details)
Business Combination And Acquisitions - Summary Of Fair Value Of Noncontrolling Interest (Details)
Business Combination And Acquisitions - Summary Of Unaudited Pro Forma Information (Details)
Commitments And Contigencies
Commitments And Contingencies - Additional Information (Details)
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 Liability Measured At Fair Value (Details)
Fair Value Measurement - Summary Of Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Fair Value Measurement - Summary Of Investments (Details)
Goodwill
Goodwill (Tables)
Goodwill - Schedule Of Changes In Goodwill (Details)
Goodwill - Schedule Of Changes In Goodwill (Parenthetical) (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Components Of Income (Loss) Before Income Tax Benefit (Details)
Income Taxes - Schedule Of Income Tax Benefit (Details)
Income Taxes - Schedule Of Income Tax Provision Differs From Us Federal Income Tax (Details)
Income Taxes - Schedule Of Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefit (Details)
Income Taxes -Temporary Differences Of Deferred Tax Assets And Liabilities (Details)
Intangible Assets, Net
Intangible Assets, Net (Tables)
Intangible Assets, Net - Additional Information (Details)
Intangible Assets, Net - Schedule Of Future Amortization Of Intangibles (Details)
Intangible Assets, Net - Schedule Of Intangible Assets, Net (Details)
Investments
Investments - Additional Information (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Classifications Of Estimated Rou Assets, Net And Lease Liabilities (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 Future Principal Payment Obligations Of Company's Notes Payable (Details)
Notes Payable - Schedule Of Notes Payable Outstanding (Details)
Organization And Description Of Business
Organization And Description Of Business - Additional Information (Details)
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss) (Tables)
Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income In Equity Section Of Condensed Consolidated Balance Sheets (Details)
Prepaid And Other Current Assets
Prepaid And Other Current Assets (Tables)
Prepaid And Other Current Assets - Schedule Of Prepaid Expenses And Other Current Assets (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)
Property And Equipment, Net- Schedule Of Property And Equipment, Net By Geographic Regions (Details)
Related Party Transactions
Related Party Transactions - Additional Information (Details)
Retirement Plans
Retirement Plans (Details)
Revenue
Revenue (Tables)
Revenue - Additional Information (Details)
Revenue - Additional Information1 (Details)
Revenue - Revenue By Geographic Region (Details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (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)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Details)
Summary Of Significant Accounting Policies - Adoption Of New Revenue Standard Impacted Consolidated Statement Of Operations (Details)
Summary Of Significant Accounting Policies - Amortization Periods For Definite-Lived Intangible Assets (Details)
Summary Of Significant Accounting Policies - Schedule Of Accounts Receivable, Net (Details)
Summary Of Significant Accounting Policies - Schedule Of Allowance For Credit Losses (Details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (Tables)
Supplemental Cash Flow Information - Schedule Of Supplemental Cash Flow Information And Non-Cash Investing And Financing Activities (Details)
Tax Receivable Agreement
Tax Receivable Agreement - Additional Information (Details)
Warrants
Warrants - Additional Information (Details)
Ticker: ETWO
CIK: 1800347
Form Type: 10-K Annual Report
Accession Number: 0000950170-22-006706
Submitted to the SEC: Fri Apr 29 2022 4:02:55 PM EST
Accepted by the SEC: Fri Apr 29 2022
Period: Monday, February 28, 2022
Industry: Computer Processing And Data Preparation

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