Pros Holdings, Inc. (PRO) 10-K Annual Report Fri Feb 19 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.

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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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: 0001392972-16-000143
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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Pros Holdings, Inc. (PRO) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

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