Sprout Social Sees Q1 2024 EPS $0.00-$0.01 Vs $0.03 Est.; Revenue $.97.2M-$97.3M Vs $97.04M Est.

Author: Benzinga Newsdesk | February 20, 2024 05:10pm

First Quarter and 2024 Financial Outlook

For the first quarter of 2024, the Company currently expects:

• Total revenue between $97.2 million and $97.3 million, or growth of greater than 29%.
• Non-GAAP operating income to be between $0.6 million and $0.7 million.
• Non-GAAP net income per share of between $0.00 and $0.01 based on approximately 56.4 million weighted-average shares of common stock outstanding.

"Our execution and leading indicators in Q4 were strong," said Joe Del Preto, CFO. "We've largely moved away from our low end growth anchor. We believe the step change in quality of our Q4 outperformance and notable momentum with leading social-first brands position Sprout to continue to execute well on our journey towards $1B in annual revenue."

Posted In: SPT