Pros Holdings, Inc. (PRO) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Pros Holdings, Inc.
Ticker: PRO CIK: 1392972

EXHIBIT 99.1

PROS HOLDINGS, INC. REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS


•	Subscription revenue up 51% year-over-year.


•	Total revenue up 17% year-over-year.


•	Free cash flow improvement of $7.2 million year-over-year.

HOUSTON – October 25, 2018 — PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced financial results for the third quarter ended September 30, 2018.

CEO Andres Reiner stated, “We have strong momentum in our business and, in the first nine months of the year, we increased our deal volume by 34% as we continue to execute on our land-and-expand strategy. As companies across industries put commerce at the heart of their digital transformation strategies, we have an exceptional opportunity to grow and scale our business. We are seeing the market embrace our AI solutions, which contributed to our Q3 outperformance and gives us confidence to once again improve our growth outlook for the year.”

Third Quarter 2018 Financial Highlights

Key financial results for the third quarter 2018 are shown below. Throughout this press release, all dollar figures are in millions, except net loss per share. Unless otherwise noted, all results are on a reported basis and are compared with the prior-year period.



	GAAP						Non-GAAP
	Q3 2018		Q3 2017		% Change		Q3 2018		Q3 2017		% Change
Revenue:
Total Revenue	49.1		41.9		17	%	n/a		n/a		n/a
Subscription Revenue	23.9		15.8		51	%	n/a		n/a		n/a
Subscription and Maintenance Revenue	40.1		32.9		22	%	n/a		n/a		n/a
Profitability:
Gross Profit	29.6		24.2		22	%	31.2		25.7		21	%
Operating Loss	(11.9	)	(17.8	)	nm		(5.1	)	(9.9	)	nm
Net Loss	(15.8	)	(21.2	)	nm		(4.6	)	(6.9	)	nm
Net Loss Per Share	(0.44	)	(0.67	)	nm		(0.13	)	(0.22	)	nm
Adjusted EBITDA	n/a		n/a		n/a		(4.9	)	(9.2	)	nm
Cash:
Net Cash Used in Operating Activities	(1.2	)	(8.5	)	nm		n/a		n/a		n/a
Free Cash Flow	n/a		n/a		n/a		(2.6	)	(9.8	)	nm

The attached tables provide a summary of PROS results for the period, including a reconciliation of GAAP to non-GAAP metrics.

Recent Business Highlights


•	Completed a follow-on public offering of 4,370,000 primary shares of common stock generating $142 million in net proceeds.


•	Earned third consecutive placement to the prestigious Constellation ShortList™ for Configure, Price, Quote Solutions.


•	Showcased PROS incredible talent and technical acumen at the Grace Hopper Conference for Women in Computing, with five PROS employees delivering presentations or moderating panels on topics including user experience and product architecture.

The following information was filed by Pros Holdings, Inc. (PRO) on Thursday, October 25, 2018 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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