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Pros Holdings (PRO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-02 00:05
Pros Holdings (PRO) reported $86.32 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 7%. EPS of $0.13 for the same period compares to $0.04 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $85.43 million, representing a surprise of +1.04%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.13.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...
Pros Holdings (PRO) Q1 Earnings Match Estimates
ZACKS· 2025-05-01 23:25
Pros Holdings (PRO) came out with quarterly earnings of $0.13 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this pricing and revenue-management software maker would post earnings of $0.13 per share when it actually produced earnings of $0.16, delivering a surprise of 23.08%.Over the last four quarters, the company has surpassed consensus EPS estimates three ...
PROS(PRO) - 2025 Q1 - Earnings Call Transcript
2025-05-01 20:45
Pros (PRO) Q1 2025 Earnings Call May 01, 2025 04:45 PM ET Speaker0 Welcome to the PROS Holdings First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I would now like to turn the conference call over to Belinda Oberdebutt, Senior Director of Investor Relations. Speaker1 Thank you, operator. Good afternoon, everyone, and thank you ...
PROS(PRO) - 2025 Q1 - Earnings Call Presentation
2025-05-01 20:25
PROS Holdings, Inc. Q1 2025 Investor Presentation Updated May 1, 2025 ir@pros.com © 2025 PROS, Inc. All rights reserved. Confidential and Proprietary. Disclaimer / Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our financial outlook; expectations; ability to achieve future growth and profitability goals; ability to achieve "Rule of 40"; management's confidence and optimism ...
PROS(PRO) - 2025 Q1 - Quarterly Report
2025-05-01 20:22
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 ___________________________________________________________________________ FORM 10-Q _________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ...
PROS(PRO) - 2025 Q1 - Quarterly Results
2025-05-01 20:19
EXHIBIT 99.1 PROS HOLDINGS, INC. REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS HOUSTON – May 1, 2025 — PROS Holdings, Inc. (NYSE: PRO), a leading provider of AI-powered SaaS pricing and selling solutions, today announced financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Key financial results for the first quarter 2025 are shown below. Throughout this press release all dollar figures are in millions, except net earnings (loss) per share. Unless otherwise not ...
Will Pros Holdings (PRO) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-04-23 17:15
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Pros Holdings (PRO) . This company, which is in the Zacks Computer - Software industry, shows potential for another earnings beat.This pricing and revenue-management software maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two qu ...
Pros Holdings (PRO) Soars 12.5%: Is Further Upside Left in the Stock?
ZACKS· 2025-04-10 14:45
Pros Holdings (PRO) shares ended the last trading session 12.5% higher at $17.16. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 28% loss over the past four weeks.The increase in share price can attributed to President Trump’s announcement of a 90-day pause on reciprocal tariffs, barring China. This led to subsequent increases for most stocks including PROS Holdings and skyrocketing indices. The company is benefit ...
PROS Holdings Q4: No Longer A Bargain, But Still A Compelling Growth Story
Seeking Alpha· 2025-02-14 13:01
Shares of PROS Holding (NYSE: PRO ) have risen nearly 30% since my previous write-up in November where I outlined my reasons for being bullish. The company's Q4 results were impressive on the top and bottomAn individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of companies globally. Through my years ...
PROS(PRO) - 2024 Q4 - Annual Report
2025-02-12 21:11
Financial Performance - Total revenue for the year ended December 31, 2024, was $330,372 thousand, representing a 9% increase from $303,708 thousand in 2023[167]. - Subscription revenue increased by 14% to $266,272 thousand in 2024, up from $234,024 thousand in 2023, primarily due to an increase in new and existing customer subscription contracts[167]. - Gross profit for the year ended December 31, 2024, was $217,043 thousand, a 15% increase from $188,395 thousand in 2023, with gross profit margins improving to 66% from 62%[170]. - Operating expenses decreased by 1% to $236,065 thousand in 2024, compared to $238,997 thousand in 2023[173]. - Net cash provided by operating activities increased to $27,383 thousand in 2024, up from $9,877 thousand in 2023, attributed to a reduction in net loss and a 9% increase in total revenue[188]. - The effective tax rate for 2024 was (7)%, compared to (2)% in 2023, with an income tax provision of $1,314 thousand, up 41% from $933 thousand in 2023[180]. - Total cost of revenue decreased by 2% to $113,329 thousand in 2024, down from $115,313 thousand in 2023[170]. - The company expects maintenance revenue to continue to decline as it migrates maintenance customers to cloud solutions[168]. Revenue Composition - Recurring revenue accounted for 85% of total revenue in 2024, with gross revenue retention rates remaining above 93%[153]. - Subscription annual recurring revenue (ARR) on a constant currency basis as of December 31, 2024 was $283.7 million, an increase of 10% from $259.0 million as of December 31, 2023[152]. - Subscription revenue recognition model may lead to delays in reflecting new or renewed subscriptions in quarterly results, impacting revenue visibility[114]. - Maintenance and support revenue decreased by 32% to $13,494 thousand in 2024, down from $19,958 thousand in 2023, as existing maintenance customers migrated to cloud solutions[168]. Research and Development - PROS incurred research and development expenses of $89.7 million in fiscal 2024, slightly up from $89.4 million in 2023, focusing on product management and innovation[34]. - The company emphasizes further product innovation to reduce the need for professional services in deploying solutions[151]. Market and Competitive Landscape - The company operates in highly competitive markets for enterprise software applications, including pricing optimization and management, which are rapidly evolving and fragmented[85]. - Current and potential competitors may develop technologies that could render the company's solutions obsolete or less competitive, potentially leading to reduced margins and adverse operating results[86]. - The company derives most of its revenue from software solutions in pricing optimization and management, and its success depends on market demand and the willingness of businesses to adopt these solutions[87]. Customer and Sales Strategy - The company emphasizes a land-realize-expand approach to customer relationships, leveraging direct sales and partnerships to drive growth[26]. - The company’s customer success team focuses on ensuring value delivery from solutions, promoting satisfaction and retention[26]. - Future growth is heavily reliant on the effectiveness of the direct sales force, and any failure to adequately expand and train this team could impede revenue growth[93]. - The company has invested in establishing indirect sales channels but has primarily relied on its direct sales force for revenue generation[94]. Operational Risks and Challenges - Current economic uncertainties, including inflation and geopolitical tensions, could negatively impact the company's operating results and growth potential[53]. - The company has experienced increased operational and capital costs due to inflation, which may affect its financial condition and results of operations[55]. - The company faces risks related to customer renewal rates, which can fluctuate based on various factors, potentially harming future revenue[58]. - The company must manage complex integration processes during acquisitions, which can disrupt ongoing business and divert management attention[71]. - The company faces risks related to the implementation of its software solutions, which can lead to significant costs and delays in revenue recognition if not managed properly[64]. Cybersecurity and Compliance - The company has experienced typical cybersecurity events for a SaaS company of its size, but there is no guarantee of preventing future events[49]. - The company may incur significant costs and liabilities in the event of a cybersecurity breach, impacting its financial condition and reputation[51]. - The company’s cybersecurity program is integrated into its enterprise risk management approach, focusing on governance, collaboration, and technical safeguards to mitigate risks[123][126]. - Compliance with complex and evolving global laws and regulations poses significant challenges and potential liabilities for the company[95]. Human Resources and Culture - The company supports a hybrid work model, promoting employee well-being and flexibility in work locations[41]. - PROS has invested in diversity and inclusion initiatives, with women representing 37% of global employees and over 58% of U.S. employees from minority groups[39]. - The company regularly invests in employee career growth and offers leadership development training and mentorship opportunities[42]. - The company faces risks related to maintaining its corporate culture as it scales, which could impact innovation and employee retention[89]. - Key personnel changes, including the upcoming retirement of the CEO, could create uncertainty and negatively affect the company's operating results[91]. - The company must continuously recruit and retain qualified personnel, particularly in technical roles, to achieve its objectives amid intense competition for talent[92]. Financial Strategy and Investments - The company issued $150.0 million principal amount of 2.25% convertible senior notes due September 15, 2027, with an additional $116.8 million issued in October 2023, totaling $266.8 million outstanding as of December 31, 2024[111]. - The company expects expenses to continue to exceed revenues in the near term due to investments in cloud strategy, product development, and marketing, despite delivering significant free cash flow in 2024[109]. - The company has incurred GAAP operating losses since its cloud transition in 2015 but continues to invest in revenue growth and operational efficiency[150]. - The company does not anticipate paying cash dividends in the foreseeable future, retaining available cash for working capital and debt repayment[121]. Currency and Tax Considerations - An immediate 10% adverse change in foreign currency exchange rates would have resulted in a $1.0 million loss on foreign-denominated receivables[215]. - A hypothetical 10% adverse change in the value of the U.S. dollar against the Euro would have changed revenue for the year ended December 31, 2024, by approximately $5.2 million[215]. - The company continues to have a valuation allowance against net deferred tax assets as of December 31, 2024, due to insufficient positive evidence[211].