Sprout Social Sees FY24 EPS $0.22-$0.23 Vs $0.19 Est.; Revenue $425.3M-$425.5M Vs $425.45M Est.

Author: Benzinga Newsdesk | February 20, 2024 05:11pm

For the full year 2024, the Company currently expects:

• Total revenue to be between $425.3 million and $425.5 million.
• Non-GAAP operating income between $15.0 million and $16.0 million.
• This implies year-over-year Non-GAAP operating margin improvement of roughly 220bps.
• Non-GAAP net income per share between $0.22 and $0.23 based on approximately 57.0 million weighted-average shares of common stock outstanding.

The Company's first quarter and 2024 financial outlook is based on a number of assumptions that are subject to change and many of which are outside the Company's control. If actual results vary from these assumptions, the Company's expectations may change. There can be no assurance that the Company will achieve these results.

The Company does not provide guidance for operating loss, the most directly comparable GAAP measure to non-GAAP operating income, net loss per share, the most directly comparable GAAP measure to non-GAAP net income per share, or operating margin, the most directly comparable GAAP measure to Non-GAAP operating margin, and similarly cannot provide a reconciliation between its forecasted non-GAAP operating income, non-GAAP net income per share and non-GAAP operating margin and these comparable GAAP measures without unreasonable effort due to the unavailability of reliable estimates for certain items. These items are not within the Company's control and may vary greatly between periods and could significantly impact future financial results.

Posted In: SPT