- Increased Q3 2022 Subscription & Support Revenue by 19.9%
over Q3 2021
- Generated Total Q3 2022 Revenue of $132.8 Million, up 17.9%
over Q3 2021
- Achieved 25.0% YOY Growth of Customers with Annual Contract
Value Over $150K
Workiva Inc. (NYSE:WK), the company powering transparent
reporting for a better world, today announced financial results for
its third quarter ended September 30, 2022.
"We are pleased with our third quarter 2022 results, delivering
revenue growth near the high end of our quarterly guidance," said
Marty Vanderploeg, chief executive officer. "The strategic
investments we've made in our platform and solutions over the past
year are paying off. For the quarter, we showed continued bookings
growth in multiple solution areas led by ESG."
"Third quarter Subscription & Support revenue grew 19.9%,"
said Jill Klindt, chief financial officer. "Total revenue grew
17.9% even after a 1.9% negative impact from foreign currency. For
the full year, we're targeting a total revenue growth rate of
20%."
"Our continued focus on driving multi-solution adoption has
propelled Workiva's growth," added Vanderploeg. "As organizations
face increased macro uncertainty and cost challenges, we still
believe they will continue to invest in the Workiva platform to
drive efficiency, enhance productivity, and deliver on their
financial, regulatory, and ESG requirements."
Third Quarter 2022 Financial
Highlights
- Revenue: Total revenue for the third quarter of 2022
reached $132.8 million, an increase of 17.9% from $112.7 million in
the third quarter of 2021. Subscription and support revenue
contributed $118.6 million, up 19.9% versus the third quarter of
2021. Professional services revenue was $14.3 million, an increase
of 3.5% compared to the same quarter in the prior year.
- Gross Profit: GAAP gross profit for the third quarter of
2022 was $100.4 million compared with $86.3 million in the same
quarter of 2021. GAAP gross margin was 75.6% versus 76.6% in the
third quarter of 2021. Non-GAAP gross profit for the third quarter
of 2022 was $101.8 million, an increase of 16.5% compared with the
prior year's third quarter, and non-GAAP gross margin was 76.6%
compared to 77.6% in the third quarter of 2021.
- Results from Operations: GAAP loss from operations for
the third quarter of 2022 was $30.1 million compared with a loss of
$8.0 million in the prior year's third quarter. Non-GAAP loss from
operations was $8.4 million, compared with non-GAAP income from
operations of $5.0 million in the third quarter of 2021.
- GAAP Net Loss: GAAP net loss for the third quarter of
2022 was $29.7 million compared with a net loss of $6.6 million for
the prior year's third quarter. GAAP net loss per basic and diluted
share was $0.56 compared with a net loss per basic and diluted
share of $0.13 in the third quarter of 2021.
- Non-GAAP Net Loss/Income: Non-GAAP net loss for the
third quarter of 2022 was $7.9 million compared with net income of
$8.7 million in the prior year's third quarter. Non-GAAP net loss
per basic and diluted share was $0.15, compared with net income per
basic share and diluted share of $0.17 and $0.15, respectively, in
the third quarter of 2021.
- Liquidity: As of September 30, 2022, Workiva had cash,
cash equivalents, and marketable securities totaling $433.0
million, compared with $530.4 million as of December 31, 2021.
Workiva had $345.0 million aggregate principal amount of 1.125%
convertible senior notes due in 2026 and $15.3 million of finance
lease obligations outstanding as of September 30, 2022.
Key Metrics and Recent Business
Highlights
- Customers: Workiva had 5,541 customers as of September
30, 2022, including approximately 895 ParsePort ESEF customers, a
net increase of 1,395 customers from September 30, 2021.
- Revenue Retention Rate: As of September 30, 2022,
Workiva's revenue retention rate (excluding add-on revenue) was
98.1%, and the revenue retention rate including add-on revenue was
107.0%. Add-on revenue includes changes in both solutions and
pricing for existing customers.
- Large Contracts: As of September 30, 2022, Workiva had
1,257 customers with an annual contract value (“ACV”) of more than
$100,000, up 21% from 1,043 customers at September 30, 2021.
Workiva had 676 customers with an ACV of more than $150,000, up 25%
from 541 customers in the third quarter of 2021. Workiva had 214
customers with an ACV of more than $300,000, up 21% from 177
customers in the third quarter of 2021.
Financial Outlook
As of November 2, 2022, Workiva is providing updated guidance as
follows:
Fourth Quarter 2022 Guidance:
- Total revenue is expected to be in the range of $138.9 million
to $139.9 million.
- GAAP loss from operations is expected to be in the range of
$24.9 million to $23.9 million.
- Non-GAAP loss from operations is expected to be in the range of
$5.7 million to $4.7 million.
- GAAP net loss per basic share is expected to be in the range of
$0.47 to $0.45.
- Non-GAAP net loss per basic share is expected to be in the
range of $0.10 to $0.08.
- Net loss per basic share is based on 53.3 million
weighted-average shares outstanding.
Full Year 2022 Guidance:
- Total revenue is expected to be in the range of $533.0 million
to $534.0 million.
- GAAP loss from operations is expected to be in the range of
$100.4 million to $99.4 million.
- Non-GAAP loss from operations is expected to be in the range of
$23.5 million to $22.5 million.
- GAAP net loss per basic share is expected to be in the range of
$1.92 to $1.90.
- Non-GAAP net loss per basic share is expected to be in the
range of $0.47 to $0.45.
- Net loss per basic share is based on 53.0 million
weighted-average shares outstanding.
Quarterly Conference
Call
Workiva will host a conference call today at 5:00 p.m. ET to
review the Company’s financial results for the third quarter 2022,
in addition to discussing the Company’s outlook for the fourth
quarter and full year 2022. To access this call, dial 888-330-2469
(U.S. domestic) or 240-789-2740 (international). The conference ID
is 8736384. A live webcast of the conference call will be
accessible in the "Investor Relations" section of Workiva’s website
at www.workiva.com. A replay of this conference call can also be
accessed through November 9, 2022, at 800-770-2030 (U.S. domestic)
or 647-362-9199 (international). The replay pass code is 8736384.
An archived webcast of this conference call will also be available
an hour after the completion of the call in the "Investor
Relations" section of the Company’s website at www.workiva.com.
About Workiva
Workiva Inc. (NYSE:WK) is on a mission to power transparent
reporting for a better world. We build and deliver the world’s
leading regulatory, financial, and ESG reporting solutions to meet
stakeholder demands for action, transparency, and disclosure of
financial and non-financial data. Our cloud-based platform
simplifies the most complex reporting and disclosure challenges by
streamlining processes, connecting data and teams, and ensuring
consistency. Learn more at workiva.com.
Follow Workiva on LinkedIn: www.linkedin.com/company/workiva
Like Workiva on Facebook: www.facebook.com/workiva Follow Workiva
on Twitter: www.twitter.com/workiva
Non-GAAP Financial
Measures
The non-GAAP adjustments referenced herein relate to the
exclusion of stock-based compensation and amortization of
acquisition-related intangible assets. A reconciliation of GAAP to
non-GAAP historical financial measures has been provided in Table I
at the end of this press release. A reconciliation of GAAP to
non-GAAP guidance has been provided in Table II at the end of this
press release.
Workiva believes that the use of non-GAAP gross profit and gross
margin, non-GAAP income (loss) from operations, non-GAAP net income
(loss) and non-GAAP net income (loss) per share is helpful to its
investors. These measures, which are referred to as non-GAAP
financial measures, are not prepared in accordance with generally
accepted accounting principles in the United States, or GAAP.
Non-GAAP gross profit is calculated by excluding stock-based
compensation expense attributable to cost of revenues from gross
profit. Non-GAAP gross margin is the ratio calculated by dividing
non-GAAP gross profit by revenues. Non-GAAP income (loss) from
operations is calculated by excluding stock-based compensation
expense and amortization expense for acquisition-related intangible
assets from loss from operations. Non-GAAP net income (loss) is
calculated by excluding stock-based compensation expense, net of
tax, amortization expense for acquisition-related intangible
assets, and non-cash interest expense related to our convertible
senior notes from net loss.. Non-GAAP net income (loss) per share
is calculated by dividing non-GAAP net income (loss) by the
weighted- average shares outstanding as presented in the
calculation of GAAP net loss per share. Because of varying
available valuation methodologies, subjective assumptions and the
variety of equity instruments that can impact a company’s non-cash
expenses, Workiva believes that providing non-GAAP financial
measures that exclude stock-based compensation expense allows for
more meaningful comparisons between its operating results from
period to period. For business combinations, we generally allocate
a portion of the purchase price to intangible assets. The amount of
the allocation is based on estimates and assumptions made by
management and is subject to amortization. The amount of purchase
price allocated to intangible assets and the term of its related
amortization can vary significantly and are unique to each
acquisition and thus we do not believe it is reflective of ongoing
operations. Under GAAP, certain convertible debt instruments that
may be settled in cash on conversion are required to be accounted
for as separate liability and equity components in a manner that
reflects our non-convertible debt borrowing rate. This results in
the debt component being treated as though it was issued at a
discount, with the debt discount being accreted as additional
non-cash interest expense over the term of the notes using the
effective interest method. As a result, we believe that excluding
this non-cash interest expense attributable to the debt discount in
calculating our non-GAAP measures is useful because this interest
expense does not represent a cash outflow and is not indicative of
our ongoing operational performance. Workiva’s management uses
these non-GAAP financial measures as tools for financial and
operational decision making and for evaluating Workiva’s own
operating results over different periods of time.
Non-GAAP financial measures may not provide information that is
directly comparable to that provided by other companies in
Workiva’s industry, as other companies in the industry may
calculate non-GAAP financial results differently. In addition,
there are limitations in using non-GAAP financial measures because
the non-GAAP financial measures are not prepared in accordance with
GAAP, may be different from non-GAAP financial measures used by
other companies and exclude expenses that may have a material
impact on Workiva’s reported financial results. Further,
stock-based compensation expense has been and will continue to be
for the foreseeable future a significant recurring expense in
Workiva’s business and an important part of the compensation
provided to its employees. The presentation of non-GAAP financial
information is not meant to be considered in isolation or as a
substitute for the directly comparable financial measures prepared
in accordance with GAAP. Investors should review the reconciliation
of non-GAAP financial measures to the comparable GAAP financial
measures included below, and not rely on any single financial
measure to evaluate Workiva’s business.
Safe Harbor Statement
Certain statements in this press release are "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and are subject to the safe
harbor created thereby. These statements relate to future events or
the Company’s future financial performance and involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, levels of activity, performance or achievements of
the Company or its industry to be materially different from those
expressed or implied by any forward-looking statements. In
particular, statements about the Company’s expectations, beliefs,
plans, objectives, assumptions, future events or future performance
contained in this press release are forward-looking statements. In
some cases, forward-looking statements can be identified by
terminology such as "may," "will," "could," "would," "should,"
"expect," "plan," "anticipate," "intend," "believe," "estimate,"
"predict," "potential," "outlook," "guidance" or the negative of
those terms or other comparable terminology.
Please see the Company’s documents filed or to be filed with the
Securities and Exchange Commission, including the Company’s annual
reports filed on Form 10-K and quarterly reports on Form 10-Q, and
any amendments thereto for a discussion of certain important risk
factors that relate to forward-looking statements contained in this
report. The Company has based these forward-looking statements on
its current expectations, assumptions, estimates and projections.
While the Company believes these expectations, assumptions,
estimates and projections are reasonable, such forward-looking
statements are only predictions and involve known and unknown risks
and uncertainties, many of which are beyond the Company’s control.
These and other important factors may cause actual results,
performance or achievements to differ materially from those
expressed or implied by these forward-looking statements. Any
forward-looking statements are made only as of the date hereof, and
unless otherwise required by applicable securities laws, the
Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
WORKIVA INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands,
except share and per share amounts)
Three months ended September
30,
Nine months ended September
30,
2022
2021
2022
2021
(unaudited)
Revenue
Subscription and support
$
118,591
$
98,912
$
339,064
$
275,053
Professional services
14,258
13,781
55,008
47,449
Total revenue
132,849
112,693
394,072
322,502
Cost of revenue
Subscription and support (1)
19,235
15,606
56,683
42,906
Professional services (1)
13,184
10,799
38,846
31,766
Total cost of revenue
32,419
26,405
95,529
74,672
Gross profit
100,430
86,288
298,543
247,830
Operating expenses
Research and development (1)
38,583
29,841
113,644
84,305
Sales and marketing (1)
64,560
46,026
184,879
128,586
General and administrative (1)
27,405
18,390
75,507
52,795
Total operating expenses
130,548
94,257
374,030
265,686
Loss from operations
(30,118
)
(7,969
)
(75,487
)
(17,856
)
Interest income
1,440
219
2,325
834
Interest expense
(1,510
)
(3,508
)
(4,540
)
(10,495
)
Other income, net
964
3,805
1,467
3,265
Loss before provision (benefit) for income
taxes
(29,224
)
(7,453
)
(76,235
)
(24,252
)
Provision (benefit) for income taxes
467
(885
)
810
(846
)
Net loss
$
(29,691
)
$
(6,568
)
$
(77,045
)
$
(23,406
)
Net loss per common share:
Basic and diluted
$
(0.56
)
$
(0.13
)
$
(1.46
)
$
(0.46
)
Weighted-average common shares outstanding
- basic and diluted
53,081,564
51,441,688
52,844,532
50,921,612
(1) Includes stock-based compensation expense as follows:
Three months ended September
30,
Nine months ended September
30,
2022
2021
2022
2021
(unaudited)
Cost of revenue
Subscription and support
$
855
$
731
$
2,557
$
1,824
Professional services
533
407
1,578
1,183
Operating expenses
Research and development
3,399
2,347
9,272
7,195
Sales and marketing
4,657
4,095
14,388
10,481
General and administrative
10,853
5,107
26,258
14,679
WORKIVA INC.
CONSOLIDATED BALANCE SHEETS (in thousands)
September 30, 2022
December 31, 2021
(unaudited)
Assets
Current assets
Cash and cash equivalents
$
229,497
$
300,386
Marketable securities
203,511
230,060
Accounts receivable, net
82,278
76,848
Deferred costs
35,043
31,152
Other receivables
3,449
3,538
Prepaid expenses and other
14,098
15,108
Total current assets
567,876
657,092
Property and equipment, net
27,133
28,821
Operating lease right-of-use assets
14,414
17,760
Deferred costs, non-current
30,258
33,091
Goodwill
103,091
34,556
Intangible assets, net
27,828
10,434
Other assets
6,037
5,005
Total assets
$
776,637
$
786,759
Liabilities and Stockholders’ (Deficit)
Equity
Current liabilities
Accounts payable
$
9,674
$
4,114
Accrued expenses and other current
liabilities
84,890
84,126
Deferred revenue
280,594
258,023
Convertible senior notes, current
—
298,661
Finance lease obligations
609
1,575
Total current liabilities
375,767
646,499
Convertible senior notes, non-current
339,932
—
Deferred revenue, non-current
37,498
34,181
Other long-term liabilities
1,353
1,605
Operating lease liabilities,
non-current
12,866
16,408
Finance lease obligations, non-current
14,711
15,087
Total liabilities
782,127
713,780
Stockholders’ (deficit) equity
Common stock
53
51
Additional paid-in-capital
522,336
525,646
Accumulated deficit
(511,214
)
(452,430
)
Accumulated other comprehensive loss
(16,665
)
(288
)
Total stockholders’ (deficit) equity
(5,490
)
72,979
Total liabilities and stockholders’
(deficit) equity
$
776,637
$
786,759
WORKIVA INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (in
thousands)
Three months ended September
30,
Nine months ended September
30,
2022
2021
2022
2021
(unaudited)
Cash flows from operating
activities
Net loss
$
(29,691
)
$
(6,568
)
$
(77,045
)
$
(23,406
)
Adjustments to reconcile net loss to net
cash provided by operating activities:
Depreciation and amortization
2,681
1,429
7,365
3,580
Stock-based compensation expense
20,297
12,687
54,053
35,362
Provision for (recovery of) doubtful
accounts
91
(61
)
82
(162
)
Amortization of premiums and discounts on
marketable securities, net
129
811
1,242
2,199
Gain on settlement of equity
securities
—
(3,698
)
—
(3,698
)
Amortization of issuance costs and debt
discount
325
2,301
973
6,851
Deferred income tax
57
(930
)
(91
)
(914
)
Changes in assets and liabilities:
Accounts receivable
(7,927
)
2,074
(6,190
)
5,233
Deferred costs
(1,372
)
(2,027
)
(2,662
)
(12,104
)
Operating lease right-of-use asset
1,269
985
3,877
2,906
Other receivables
(527
)
(628
)
38
(204
)
Prepaid expenses
3,593
(1,024
)
870
(4,049
)
Other assets
(1,140
)
(514
)
(1,105
)
(1,197
)
Accounts payable
3,931
478
5,995
1,214
Deferred revenue
14,775
9,949
28,573
22,028
Operating lease liability
(1,113
)
(1,112
)
(3,757
)
(3,390
)
Accrued expenses and other liabilities
(523
)
2,161
384
10,327
Net cash provided by operating
activities
4,855
16,313
12,602
40,576
Cash flows from investing
activities
Purchase of property and equipment
(1,023
)
(771
)
(2,226
)
(2,431
)
Purchase of marketable securities
(41,618
)
(48,213
)
(99,564
)
(143,085
)
Sale of marketable securities
—
—
14,981
250
Maturities of marketable securities
40,071
45,579
106,857
116,371
Acquisitions, net of cash acquired
—
(35,067
)
(99,186
)
(35,067
)
Purchase of intangible assets
(62
)
(64
)
(108
)
(187
)
Other investments
—
—
—
(750
)
Net cash used in investing activities
(2,632
)
(38,536
)
(79,246
)
(64,899
)
Cash flows from financing
activities
Proceeds from option exercises
625
3,174
2,595
8,792
Taxes paid related to net share
settlements of stock-based compensation awards
(738
)
(15,809
)
(10,652
)
(23,686
)
Proceeds from shares issued in connection
with employee stock purchase plan
4,038
4,624
9,256
8,861
Principal payments on finance lease
obligations
(454
)
(430
)
(1,342
)
(1,271
)
Net cash provided by (used in) financing
activities
3,471
(8,441
)
(143
)
(7,304
)
Effect of foreign exchange rates on
cash
(2,450
)
(405
)
(4,102
)
(79
)
Net increase (decrease) in cash and cash
equivalents
3,244
(31,069
)
(70,889
)
(31,706
)
Cash and cash equivalents at beginning of
period
226,253
322,194
300,386
322,831
Cash and cash equivalents at end of
period
$
229,497
$
291,125
$
229,497
$
291,125
TABLE I WORKIVA
INC. RECONCILIATION OF NON-GAAP INFORMATION (in
thousands, except share and per share)
Three months ended September
30,
Nine months ended September
30,
2022
2021
2022
2021
Gross profit, subscription and support
$
99,356
$
83,306
$
282,381
$
232,147
Add back: Stock-based compensation
855
731
2,557
1,824
Gross profit, subscription and support,
non-GAAP
$
100,211
$
84,037
$
284,938
$
233,971
As a percentage of subscription and
support revenue, non-GAAP
84.5
%
85.0
%
84.0
%
85.1
%
Gross profit, professional services
$
1,074
$
2,982
$
16,162
$
15,683
Add back: Stock-based compensation
533
407
1,578
1,183
Gross profit, professional services,
non-GAAP
$
1,607
$
3,389
$
17,740
$
16,866
As a percentage of professional services
revenue, non-GAAP
11.3
%
24.6
%
32.2
%
35.5
%
Gross profit
$
100,430
$
86,288
$
298,543
$
247,830
Add back: Stock-based compensation
1,388
1,138
4,135
3,007
Gross profit, non-GAAP
$
101,818
$
87,426
$
302,678
$
250,837
As percentage of revenue, non-GAAP
76.6
%
77.6
%
76.8
%
77.8
%
Cost of revenue, subscription and
support
$
19,235
$
15,606
$
56,683
$
42,906
Less: Stock-based compensation
855
731
2,557
1,824
Cost of revenue, subscription and support,
non-GAAP
$
18,380
$
14,875
$
54,126
$
41,082
As percentage of revenue, non-GAAP
13.8
%
13.2
%
13.7
%
12.7
%
Cost of revenue, professional services
$
13,184
$
10,799
$
38,846
$
31,766
Less: Stock-based compensation
533
407
1,578
1,183
Cost of revenue, professional services,
non-GAAP
$
12,651
$
10,392
$
37,268
$
30,583
As percentage of revenue, non-GAAP
9.5
%
9.2
%
9.5
%
9.5
%
Research and development
$
38,583
$
29,841
$
113,644
$
84,305
Less: Stock-based compensation
3,399
2,347
9,272
7,195
Less: Amortization of acquisition-related
intangibles
876
275
2,240
275
Research and development, non-GAAP
$
34,308
$
27,219
$
102,132
$
76,835
As percentage of revenue, non-GAAP
25.8
%
24.2
%
25.9
%
23.8
%
Sales and marketing
$
64,560
$
46,026
$
184,879
$
128,586
Less: Stock-based compensation
4,657
4,095
14,388
10,481
Less: Amortization of acquisition-related
intangibles
587
13
1,373
13
Sales and marketing, non-GAAP
$
59,316
$
41,918
$
169,118
$
118,092
As percentage of revenue, non-GAAP
44.6
%
37.2
%
42.9
%
36.6
%
General and administrative
$
27,405
$
18,390
$
75,507
$
52,795
Less: Stock-based compensation
10,853
5,107
26,258
14,679
General and administrative, non-GAAP
$
16,552
$
13,283
$
49,249
$
38,116
As percentage of revenue, non-GAAP
12.5
%
11.8
%
12.5
%
11.8
%
Loss from operations
$
(30,118
)
$
(7,969
)
$
(75,487
)
$
(17,856
)
Add back: Stock-based compensation
20,297
12,687
54,053
35,362
Add back: Amortization of
acquisition-related intangibles
1,463
288
3,613
288
(Loss) income from operations,
non-GAAP
$
(8,358
)
$
5,006
$
(17,821
)
$
17,794
As percentage of revenue, non-GAAP
(6.3
) %
4.4
%
(4.5
) %
5.5
%
Net loss
$
(29,691
)
$
(6,568
)
$
(77,045
)
$
(23,406
)
Add back: Stock-based compensation
20,297
12,687
54,053
35,362
Add back: Amortization of
acquisition-related intangibles
1,463
288
3,613
288
Add back: Non-cash interest expense
related to convertible senior notes
—
2,301
—
6,851
Net (loss) income, non-GAAP
$
(7,931
)
$
8,708
$
(19,379
)
$
19,095
As percentage of revenue, non-GAAP
(6.0
) %
7.7
%
(4.9
) %
5.9
%
Net loss per basic and diluted share:
$
(0.56
)
$
(0.13
)
$
(1.46
)
$
(0.46
)
Add back: Stock-based compensation
0.38
0.25
1.02
0.69
Add back: Amortization of
acquisition-related intangibles
0.03
0.01
0.07
0.01
Add back: Non-cash interest expense
related to convertible senior notes
—
0.04
—
0.13
Net (loss) income per basic share,
non-GAAP
$
(0.15
)
$
0.17
$
(0.37
)
$
0.37
Net (loss) income per diluted share,
non-GAAP
$
(0.15
)
$
0.15
$
(0.37
)
$
0.34
Weighted-average common shares outstanding
- basic, non-GAAP
53,081,564
51,441,688
52,844,532
50,921,612
Weighted-average common shares outstanding
- diluted, non-GAAP
53,081,564
56,563,730
52,844,532
55,687,528
TABLE II WORKIVA
INC. RECONCILIATION OF NON-GAAP GUIDANCE (in
thousands, except share and per share data)
Three months ending December
31, 2022
Year ending December 31,
2022
Loss from operations, GAAP range
$
(24,869
)
-
$
(23,869
)
$
(100,356
)
-
$
(99,356
)
Add back: Stock-based compensation
17,788
17,788
71,841
71,841
Add back: Amortization of
acquisition-related intangibles
1,402
1,402
5,015
5,015
Net loss from operations, non-GAAP
range
$
(5,679
)
-
$
(4,679
)
$
(23,500
)
-
$
(22,500
)
Net loss per share, GAAP range
$
(0.47
)
-
$
(0.45
)
$
(1.92
)
-
$
(1.90
)
Add back: Stock-based compensation
0.33
0.33
1.36
1.36
Add back: Amortization of
acquisition-related intangibles
0.03
0.03
0.09
0.09
Net loss per share, non-GAAP range
$
(0.10
)
-
$
(0.08
)
$
(0.47
)
-
$
(0.45
)
Weighted-average common shares outstanding
- basic
53,300,000
53,300,000
53,000,000
53,000,000
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221102005408/en/
Investor Contact: Mike Rost Workiva Inc.
investor@workiva.com (515) 663-4493
Media Contact: Darcie Brossart Workiva Inc.
press@workiva.com (515) 663-4471
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