EXHIBIT 99.1

proslogoa03a02a01a18.jpg

PROS HOLDINGS, INC. REPORTS FOURTH QUARTER AND
FULL YEAR 2018 FINANCIAL RESULTS

Subscription revenue of $95.2 million, up 57% for the full year 2018.
Subscription gross margins of 68% and non-GAAP subscription margin of 71% in the fourth quarter, up more than 850 basis points year-over-year.
Cash flow provided by operating activities of $15.2 million and free cash flow of $14.1 million in the fourth quarter, contributing to a full year 2018 free cash flow improvement of $29.0 million year-over-year.

HOUSTON – February 7, 2019 — PROS Holdings, Inc. (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced financial results for the fourth quarter and full year ended December 31, 2018.

“As the market embraces our AI solutions, we are driving strong growth and rapid transformation in our business,” stated CEO Andres Reiner. “Subscription revenue accounted for more than half of total revenue for the first time in our company's history last quarter, and we surpassed our pre-transition total revenue in less than four years from when we began our journey to the cloud. We enter 2019 excited by the opportunity in front of us to accelerate our growth once again.”

CFO Stefan Schulz said, “We successfully drove both growth and scale in our business in 2018. In the fourth quarter, we improved our non-GAAP subscription gross margins by nine percentage points year-over-year and our operating margins by seven percentage points year-over-year. We also achieved our goal of reaching near breakeven free cash flow in 2018. We have strong momentum coming into 2019 and remain on track to achieve our long-term financial goals.”

Fourth Quarter and Full Year 2018 Financial Highlights

Key financial results for the fourth quarter and full year 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
 
Q4 2018
 
Q4 2017
 
Change
 
Q4 2018
 
Q4 2017
 
 Change
Revenue:
 
 
 
 
 
 
 
 
 
 
 
  Total Revenue
$52.6
 
$46.3
 
14%
 
n/a
 
n/a
 
n/a
  Subscription Revenue
$28.3
 
$19.1
 
48%
 
n/a
 
n/a
 
n/a
  Subscription and Maintenance Revenue
$44.0
 
$36.2
 
22%
 
n/a
 
n/a
 
n/a
Profitability:
 
 
 
 
 
 
 
 
 
 
 
  Gross Profit
$33.2
 
$28.2
 
18%
 
$34.7
 
$29.9
 
16%
  Operating Loss
$(9.6)
 
$(12.8)
 
$3.2
 
$(2.6)
 
$(5.5)
 
$2.8
  Net Loss
$(12.8)
 
$(17.0)
 
$4.2
 
$(2.1)
 
$(4.3)
 
$2.2
  Net Loss Per Share
$(0.34)
 
$(0.53)
 
$0.19
 
$(0.06)
 
$(0.13)
 
$0.07
  Adjusted EBITDA
n/a
 
n/a
 
n/a
 
$(2.0)
 
$(4.9)
 
$2.9
Cash:
 
 
 
 
 
 
 
 
 
 
 
  Net Cash Provided by Operating Activities
$15.2
 
$4.5
 
$10.7
 
n/a
 
n/a
 
n/a
  Free Cash Flow
n/a
 
n/a
 
n/a
 
$14.1
 
$3.6
 
$10.4


1

The following information was filed by Pros Holdings, Inc. (PRO) on Thursday, February 7, 2019 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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