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E2open Parent Holdings, Inc. (ETWO) SEC Filing 10-Q Quarterly Report for the period ending Tuesday, May 31, 2022

E2open Parent Holdings, Inc.

CIK: 1800347 Ticker: ETWO

 

Exhibit 99.1

www.e2open.com

Press Release

E2open Announces Fiscal First Quarter 2023 Financial Results

 

GAAP subscription revenue of $129.5 Million, up 154%

12% organic subscription revenue growth on a constant currency basis

 

AUSTIN, Texas – July 11, 2022

E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, today announced financial results for its fiscal first quarter ended May 31, 2022.

 

“We are very pleased with our first quarter performance where we continued to support the world’s largest and most complex supply chains adapt to growing inflationary pressures, and increasing demand and supply challenges,” said Michael Farlekas, chief executive officer at e2open. “The size and resiliency of our subscription revenue base enables us to sustain profitable growth as demonstrated by our first quarter results of 12% organic subscription revenue growth on a constant currency basis, along with adjusted EBITDA growing to $51.4 million.”

 

“We are reaffirming our EBITDA outlook for this fiscal year despite incremental foreign exchange headwinds to our total revenue base,” continued Farlekas. “As we look forward, we see the demand for our multi-enterprise supply chain platform continue to expand as companies seek to become more agile in an ever-changing global economy.”

 

Fiscal First Quarter 2023 Financial Highlights

 

We present constant currency financial information, which is a non-GAAP financial measure that excludes the impact of translating foreign currencies into U.S. dollars. We use constant currency information to provide a framework to assess how our business performed excluding the effects of changes in the rates used to calculate foreign currency translation, as presented and defined in the Information Tables below.

 

Revenue
o
GAAP subscription revenue for the first quarter of 2023 grew 153.9% from the year-ago comparable period to $129.5 million or 80.8% of total revenue. Organic subscription revenue growth was 10.7% or 12.1% on a constant currency basis.

 

o
Total GAAP revenue for the first quarter of 2023 grew 141.8% from the year-ago comparable period to $160.4 million. Total organic revenue growth was 9.8% or 11.4% on a constant currency basis.

 

GAAP gross profit for the first quarter of 2023 grew 190.0% from the year-ago comparable period to $81.7 million. Non-GAAP gross profit grew 9.3% or 10.3% on a constant currency basis from the year-ago comparable period to $111.3 million.

 

GAAP gross margin for the first quarter of 2023 was 50.9% compared to 42.5% from the year-ago comparable period. Non-GAAP gross margin was 69.4% or 69.1% on a constant currency basis compared to 69.7% from the year-ago comparable period.

 

Adjusted EBITDA for the first quarter of 2023 grew 12.4% or 10.7% on a constant currency basis from the year-ago comparable period to $51.4 million. Adjusted EBITDA margin was 31.6% or 31.1% on a constant currency basis versus 31.3% from the year-ago comparable period.

 

 

 

 

 

 


The following information was filed by E2open Parent Holdings, Inc. (ETWO) on Monday, July 11, 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-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 Comprehensive Loss (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Operations (Unaudited)
Condensed Consolidated Statements Of Stockholders' Equity (Unaudited)
Accounting Standards
Accounts Payable And Accrued Liabilities
Accounts Payable And Accrued Liabilities (Tables)
Accounts Payable And Accrued Liabilities - Additional Information (Details)
Accounts Payable And Accrued Liabilities - Schedule Of Accrued Expenses And Other Current Liabilities (Details)
Accounts Receivable
Accounts Receivable (Tables)
Accounts Receivable - Schedule Of Accounts Receivable, Net (Details)
Accounts Receivable - Schedule Of Allowance For Credit Losses (Details)
Acquisitions
Acquisitions (Tables)
Acquisitions - Additional Information (Details)
Acquisitions - Schedule Of Fair Value Of Intangible Assets (Details)
Acquisitions - Schedule Of Preliminary Purchase Price Allocation (Details)
Acquisitions - Schedule Of Preliminary Purchase Price Allocation (Parenthetical) (Details)
Acquisitions - Summary Of Consideration Paid For Acquisition (Details)
Acquisitions - Summary Of Equity Consideration Paid To Equity Holders (Details)
Acquisitions - Summary Of Unaudited Pro Forma 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 (Loss) (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 - 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)
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 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 Loss 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)
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 Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Additional Information (Details)
Share-Based Compensation - Schedule Of Activity Under The 2021 Incentive Plan Related To Rsus (Details)
Share-Based Compensation - Schedule Of Functional Classification In The Condensed Consolidated Statements Of Operations (Details)
Share-Based Compensation - Summary Of Activity Under The 2021 Incentive Plan Related To Options (Details)
Share-Based Compensation - Summary Of Estimated Grant-Date Fair Values Assumptions (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Details)
Stockholders' Equity - Schedule Of Changes In Outstanding Stock (Details)
Subsequent Events - Additional Information (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)

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: 0000950170-22-012609
Submitted to the SEC: Mon Jul 11 2022 5:10:55 PM EST
Accepted by the SEC: Mon Jul 11 2022
Period: Tuesday, May 31, 2022
Industry: Computer Processing And Data Preparation

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