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November 2022
July 2022
May 2022
May 2022
April 2022
February 2022
January 2022
December 2021
November 2021
November 2021
GAAP | Non-GAAP | ||||||||||||||||||||||||||||||||||
Q2 2020 | Q2 2019 | Change | Q2 2020 | Q2 2019 | Change | ||||||||||||||||||||||||||||||
Revenue: | |||||||||||||||||||||||||||||||||||
Total Revenue | $63.7 | $63.9 | —% | n/a | n/a | n/a | |||||||||||||||||||||||||||||
Subscription Revenue | $42.4 | $35.1 | 21% | n/a | n/a | n/a | |||||||||||||||||||||||||||||
Subscription and Maintenance Revenue | $54.1 | $50.1 | 8% | n/a | n/a | n/a | |||||||||||||||||||||||||||||
Profitability: | |||||||||||||||||||||||||||||||||||
Gross Profit | $37.8 | $40.3 | (6)% | $39.4 | $41.9 | (6)% | |||||||||||||||||||||||||||||
Operating Loss | $(15.1) | $(12.1) | $(3.0) | $(7.5) | $(3.9) | $(3.6) | |||||||||||||||||||||||||||||
Net Loss | $(17.2) | $(17.5) | $0.3 | $(6.0) | $(2.8) | $(3.2) | |||||||||||||||||||||||||||||
Net Loss Per Share | $(0.40) | $(0.44) | $0.04 | $(0.14) | $(0.07) | $(0.07) | |||||||||||||||||||||||||||||
Adjusted EBITDA | n/a | n/a | n/a | $(5.7) | $(1.8) | $(3.9) | |||||||||||||||||||||||||||||
Cash: | |||||||||||||||||||||||||||||||||||
Net Cash Used In Operating Activities | $(22.8) | $(3.5) | $(19.2) | n/a | n/a | n/a | |||||||||||||||||||||||||||||
Free Cash Flow | n/a | n/a | n/a | $(23.5) | $(5.2) | $(18.3) |
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Pros Holdings, Inc..
Pros Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:
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The change in other income (expense), net for the three and nine months ended September 30, 2020, primarily related to a $2.7 million and $5.0 million, respectively, loss on debt extinguishment recognized in the respective periods of 2019 related to our 2019 and 2047 Notes, which was partially offset by a decrease in interest income during the periods.
Cost of services for the three months ended September 30, 2020 decreased primarily due to the lower utilization of third-party contractors and reduced travel expenses due to the COVID-19 pandemic.
The three and nine-month increase in research and development expenses was primarily due to an increase of $2.2 million and $6.3 million, respectively, in employee-related costs driven by higher headcount and a slight increase in facility and other overhead expenses.
Services gross profit percentages vary period to period depending on different factors, including the level of professional services required to implement our solutions, our mix of our utilization of employees or third-party contractors, our effective man-day rates, our utilization of third-party system integrators and the utilization of our professional services personnel.
We expect customer bookings and the related revenue and cash flows will continue to be lower than anticipated prior to the pandemic as a result of decreased demand for new subscriptions and services and delays to projects during the COVID-19 pandemic.
Our ability to maintain consistent...Read more
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Credit facility There were no...Read more
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Subscription revenue increased primarily due...Read more
Q3 2020 Financial Overview In...Read more
The increase was partially offset...Read more
Due to the uncertain economic...Read more
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Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Pros Holdings, Inc. provided additional information to their SEC Filing as exhibits
Ticker: PRO
CIK: 1392972
Form Type: 10-Q Quarterly Report
Accession Number: 0001392972-20-000147
Submitted to the SEC: Thu Oct 29 2020 4:25:35 PM EST
Accepted by the SEC: Thu Oct 29 2020
Period: Wednesday, September 30, 2020
Industry: Computer Programming Services