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Pros Holdings, Inc. (PRO) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Pros Holdings, Inc.

CIK: 1392972 Ticker: PRO

Exhibit 99.1


PROS HOLDINGS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2015 FINANCIAL RESULTS

Annual Recurring Revenue of $98.2 million, an increase of 16% over the fourth quarter of 2014.
Free Cash Flow of $8.5 million for the year ended December 31, 2015, as compared with free cash flow use of $8.1 million for the full year 2014.

HOUSTON – February 9, 2016
— PROS Holdings, Inc. (NYSE: PRO), a revenue and profit realization company, today announced financial results for the fourth quarter and full year ended December 31, 2015.

Annual Recurring Revenue ("ARR") was $98.2 million, an increase of 16% over the fourth quarter of 2014.

Annual Contract Value ("ACV") bookings were $6.4 million, a decrease of 35% over the fourth quarter of 2014, and $21.5 million for the full year 2015, a decrease of 8% year over year.

Total non-GAAP revenue for the fourth quarter of 2015 was $42.7 million, a decrease of 23% over the fourth quarter of 2014.

CEO Andres Reiner stated, “2015 was a pivotal year for PROS as we set the foundation for long-term growth with our cloud-first strategy. The enthusiasm and momentum we are seeing in the market emphasizes the importance of our cloud transition. We enter 2016 excited about our outlook and eager to capitalize on the large market opportunity in front of us.”

For the year ended December 31, 2015, free cash flow was $8.5 million, which was up from free cash flow use of $8.1 million for the full year 2014.

For the quarter ended December 31, 2015, GAAP revenue was $42.0 million, a 22% decrease from $53.8 million for the fourth quarter of 2014. GAAP operating loss was $15.0 million, compared with $2.3 million in the fourth quarter of 2014. GAAP net loss for the fourth quarter of 2015 was $17.7 million or $0.60 per share, compared with $17.5 million, or $0.60 per share, in the fourth quarter of 2014.

For the quarter ended December 31, 2015, non-GAAP operating loss was $3.5 million, compared with non-GAAP operating income of $8.5 million in the fourth quarter of 2014. Non-GAAP net loss for the fourth quarter of 2015 was $2.8 million, or $0.09 per share, compared with non-GAAP net income of $6.4 million, or $0.21 per share, in the fourth quarter of 2014.

For the year ended December 31, 2015, GAAP revenue was $168.2 million, a 9% decrease from $185.8 million for the full year 2014. GAAP operating loss was $55.5 million, compared with $22.4 million for the full year 2014. GAAP net loss for the full year 2015 was $65.8 million, or $2.23 per share, compared with $36.6 million, or $1.27 per share, for the full year 2014.

For the year ended December 31, 2015, non-GAAP revenue was $172.0 million, an 11% decrease from $193.6 million for the full year 2014. Non-GAAP operating loss was $17.4 million, compared with non-GAAP operating income of $18.3 million for the full year 2014. Non-GAAP net loss for the full year 2015 was $13.4 million, or $0.45 per share, compared with non-GAAP net income of $11.8 million, or $0.39 per share, for the full year 2014.






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The following information was filed by Pros Holdings, Inc. (PRO) on Tuesday, February 9, 2016 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 this 10-K Annual Report

Document And Entity Information
Income Tax Disclosure Components Of Income Tax (details)
Income Tax Disclosure Reconciliation Of Federal Tax Rate (details)
Income Tax Disclosure Tax Effect Of Temporary Differences (details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (details)
Condensed Consolidated Balance Sheets (unaudited)
Condensed Consolidated Balance Sheets (unaudited) (parenthetical)
Condensed Consolidated Statements Of Cash Flows (unaudited)
Condensed Consolidated Statements Of Comprehensive Income (unaudited)
Consolidated Statement Of Shareholders Equity
Accounts Receivable And Contracts In Progress
Accounts Receivable And Contracts In Progress (details)
Accounts Receivable And Contracts In Progress (tables)
Business Combination
Business Combination (details)
Business Combination (tables)
Business Combination Assets Acquired And Liabilities Assumed (details)
Business Combination Pro Forma (details)
Business Combination Schedule Of Intangible Assets Acquired (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Commitments And Contingencies Future Minimum Lease Commitments (details)
Concentrations Of Risk
Concentrations Of Risk (details)
Convertible Debt (details)
Convertible Debt (notes)
Convertible Debt (tables)
Credit Facility
Credit Facility (details)
Earnings Per Share
Earnings Per Share (table)
Earnings Per Share Basis And Diluted (details)
Employment Retirement Savings
Employment Retirement Savings (details)
Fair Value Measurements
Fair Value Measurements (details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (details)
Goodwill And Intangible Assets (tables)
Goodwill And Intangible Assets Future Amortization (details)
Goodwill And Intangible Assets Intangible Assets (details)
Income Tax Disclosure
Income Tax Disclosure (details)
Income Tax Disclosure (tables)
Income Tax Disclosure Unrecognized Tax Benefit (details)
Noncash Share-based Compensation
Noncash Share-based Compensation (details)
Noncash Share-based Compensation (tables)
Noncash Share-based Compensation Assumptions (details)
Noncash Share-based Compensation Expense (details)
Noncash Share-based Compensation Narrative (details)
Noncash Share-based Compensation Noncash Share-based Compensation Share Based Compensation - Stock Option Rollforward (details)
Noncontrolling Interest (details)
Noncontrolling Interest (notes)
Noncontrolling Interest (tables)
Organization And Nature Of Operations
Property And Equipment, Net
Property And Equipment, Net (details)
Property And Equipment, Net (tables)
Quarterly Results
Quarterly Results Quarterly Financial Data (details)
Quarterly Results Quarterly Financial Information Disclosures (tables)
Related Party Transaction
Segments
Segments (tables)
Segments International Revenue (details)
Stockholders Equity
Stockholders Equity (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies Awards Outstanding (details)
Summary Of Significant Accounting Policies Significant Accounting Policies (details)
Ticker: PRO
CIK: 1392972
Form Type: 10-K Annual Report
Accession Number: 0001392972-16-000143
Submitted to the SEC: Fri Feb 19 2016 4:02:32 PM EST
Accepted by the SEC: Fri Feb 19 2016
Period: Thursday, December 31, 2015
Industry: Computer Programming Services

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