Pros Holdings, Inc. (PRO) 10-K Annual Report Mon Mar 03 2014

CEO Andres Reiner stated, “Our fourth quarter results capped off another great year for PROS. We achieved a number of key milestones across the business in 2013, including introducing several new products, announcing our first two acquisitions, and strengthening our leadership team to position us for long-term growth. We are pleased with the progress we are making against our stated growth strategies, and we enter 2014 a stronger and more diversified company with an expanded value proposition, deeper product portfolio, larger geographic presence, and extended go to market reach.”

For the quarter ended December 31, 2013, GAAP operating income was $0.7 million, compared with $2.3 million in the fourth quarter of 2012. GAAP net income for the fourth quarter was $0.1 million, or breakeven per share, compared with $1.4 million, or $0.05 per share, in the fourth quarter of 2012. The decrease in fourth quarter earnings per share was principally attributed to $1.5 million of acquisition-related costs incurred in the fourth quarter of 2013.

For the quarter ended December 31, 2013, non-GAAP operating income was $6.5 million, compared with $4.9 million in the fourth quarter of 2012, an increase of 32%. Non-GAAP net income for the fourth quarter of 2013 was $5.0 million, or $0.16 per share, compared with $3.3 million, or $0.11 per share, in the fourth quarter of 2012.

For the year ended December 31, 2013, GAAP revenue was $144.8 million, a 23% increase from $117.8 million for the full year 2012. GAAP operating income was $3.5 million for the full year 2013, compared with $8.2 million for the full year 2012. GAAP net income for the full year 2013 was $3.4 million, or $0.11 per share, compared with $5.0 million, or $0.17 per share for the full year 2012.

For the year ended December 31, 2013, non-GAAP operating income was $21.9 million, a 23% increase from $17.8 million for the full year 2012. Non-GAAP net income for the full year 2013 was $17.5 million, or $0.58 per share, compared with $11.9 million, or $0.42 per share for the full year 2012.

Backlog was $181.5 million as of December 31, 2013, based upon non-GAAP revenue, as compared with backlog of $146.5 million as of December 31, 2012. The portion of backlog as of December 31, 2013 reasonably expected to be recognized as revenue within the next twelve months is estimated to be $121.7 million.

The following information was filed by Pros Holdings, Inc. (PRO) on Thursday, February 27, 2014 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.

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/1392972/000139297214000045/pro-20131231x10k.htm

View differences made from one year to another to evaluate Pros Holdings, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Pros Holdings, Inc..

Continue

Assess how Pros Holdings, Inc.'s management team is paid from their Annual Proxy

Pros Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

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

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: PRO
CIK: 1392972
Form Type: 10-K Annual Report
Accession Number: 0001392972-14-000045
Submitted to the SEC: Mon Mar 03 2014 5:12:30 PM EST
Accepted by the SEC: Mon Mar 03 2014
Period: Tuesday, December 31, 2013
Industry: Computer Programming Services

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/pro/0001392972-14-000045.htm

Pros Holdings, Inc. (PRO) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

SEC Filings

PRO Valuations

PRO Annual Reports

PRO Quarterly Reports

PRO Corporate News