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Pros Holdings, Inc. (PRO) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Pros Holdings, Inc.

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CIK: 1392972 Ticker: PRO

EXHIBIT 99.1

proslogoa03a02a01a231a.jpg

PROS HOLDINGS, INC. REPORTS FOURTH QUARTER AND
FULL YEAR 2020 FINANCIAL RESULTS

•Subscription revenue of $170.5 million for the full year 2020, up 17% year-over-year.
•Full year recurring revenue as a percentage of total revenue of 85%, up more than 350 basis points year-over-year.

HOUSTON – February 4, 2021
— 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, 2020.

“I’m incredibly proud of our global team who helped grow our business and delivered a record number of customer go-lives during this challenging year,” stated CEO Andres Reiner. “We’ve been innovating on our platform to ensure companies are prepared for the shift to digital selling. Industry analysts expect that by 2025, 80% of B2B sales interactions will occur in digital channels, and we’re well-positioned to capture the large market opportunity in front of us.”

Fourth Quarter and Full Year 2020 Financial Highlights

Key financial results for the fourth quarter and full year 2020 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.
GAAPNon-GAAP
Q4 2020Q4 2019ChangeQ4 2020Q4 2019 Change
Revenue:
  Total Revenue$60.9$66.2(8)%n/an/an/a
  Subscription Revenue$42.9$40.75%n/an/an/a
  Subscription and Maintenance Revenue $52.6$54.1(3)%n/an/an/a
Profitability:
  Gross Profit$35.5$37.8(6)%$37.0$39.4(6)%
  Operating Loss$(13.4)$(15.1)$1.6$(6.1)$(6.4)$0.3
  Net Loss$(18.2)$(17.3)$(0.9)$(5.9)$(4.7)$(1.2)
  Net Loss Per Share$(0.42)$(0.41)$(0.01)$(0.14)$(0.11)$(0.03)
  Adjusted EBITDAn/an/an/a$(4.2)$(4.6)$0.5
Cash:
  Net Cash Provided by Operating Activities$12.5$12.9$(0.4)n/an/an/a
  Free Cash Flown/an/an/a$11.4$11.0$0.5


1
The following information was filed by Pros Holdings, Inc. (PRO) on Thursday, February 4, 2021 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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Definitive Proxy Statement (Form DEF 14A)
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Pros Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Inside Pros Holdings, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Condensed Consolidated Statement Of Stockholders' Equity Statement
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Commitments And Contingencies
Commitments And Contingencies Purchase Commitments (Details)
Convertible Debt (Details)
Convertible Debt (Notes)
Convertible Debt (Tables)
Deferred Revenue And Performance Obligation (Details)
Deferred Revenue And Performance Obligation (Notes)
Disaggregation Of Revenue (Notes)
Disaggregation Of Revenue (Tables)
Disaggregation Of Revenue Revenue By Geography (Details)
Earnings Per Share (Details)
Earnings Per Share (Table)
Earnings Per Share Basis And Diluted (Details)
Leases (Details)
Leases (Notes)
Leases (Tables)
Leases Schedule Of Lease Liability Maturities (Details)
Noncash Share-Based Compensation (Details)
Noncash Share-Based Compensation (Note)
Noncash Share-Based Compensation (Tables)
Noncash Share-Based Compensation Assumptions (Details)
Noncash Share-Based Compensation Awards Outstanding (Details)
Noncash Share-Based Compensation Expense (Details)
Organization And Nature Of Operations
Summary Of Significant Accounting Policies (Notes)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies Fair Value Calculation Assumptions (Details)
Summary Of Significant Accounting Policies New Accounting Pronouncements (Details)
Summary Of Significant Accounting Policies Significant Accounting Policies (Details)

Material Contracts, Statements, Certifications & more

Pros Holdings, Inc. provided additional information to their SEC Filing as exhibits

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-Q Quarterly Report
Accession Number: 0001392972-21-000059
Submitted to the SEC: Tue May 04 2021 4:24:03 PM EST
Accepted by the SEC: Tue May 04 2021
Period: Wednesday, March 31, 2021
Industry: Computer Programming Services

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