Gross margins expanded nearly 200 basis points in the quarter, and its operating loss narrowed by about $5 million. Meanwhile, margins continue to improve.For the full-year, Sprout guided revenue growth at 32.5%. Next quarter, revenues are expected to rise 37%.What’s more, ARPU rose 17% and revenues grew by 34%.That’s a very, very high number for this company. They didn’t: Customers rose 17% year-over-year in Q1, with net adds clocking in north of 1,400.Considering chatter from other “pandemic winners” about demand slowing in early 2021, there was some fear that Sprout Social’s first-quarter numbers and/or forward guide would imply a slowing growth trajectory.Investors are hopeful this strong earnings report could turn the tide for Sprout Social stock.Įverything E-Commerce: Subscribe to Luke’s Innovation Investor for His Top Picks.But shares are about 25% off their mid-February highs thanks to a meltdown in technology stocks amid Covid-19 risks abating and the physical economy reopening. Over the past year, SPT stock has been a big winner, climbing 270%.Users may automatically receive email alerts and other information about Sprout Social when enrolling an email address by visiting "Email Alerts" in the "Shareholder Services" section of Sprout Social's Investor website at. Accordingly, the Company encourages investors, the media, and others interested in Sprout Social to review the information that it shares at the Investors link located at the bottom of the page on and to regularly follow our social media profiles. While not all of the information that the Company posts to the Sprout Social Investors website or to social media profiles is of a material nature, some information could be deemed to be material. We also intend to use the social media profiles listed below as a means of disclosing information about us to our customers, investors and the public.
Investors and others should note that Sprout Social routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the Sprout Social Investors website. Headquartered in Chicago, Sprout operates across major social media networks and digital platforms, including Twitter, Facebook, Instagram, TikTok, Pinterest, YouTube and LinkedIn.Īvailability of Information on Sprout Social’s Website and Social Media Profiles
Sprout’s unified platform integrates the power of social throughout every aspect of a business and enables social leaders at every level to extract valuable data and insights that drive their business forward. Sprout Social offers deep social media listening and analytics, social management, customer care, commerce and advocacy solutions to more than 33,000 brands and agencies worldwide. Following the presentations, where available, an archived replay will be made available at the same location. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced that members of senior management will participate in the following upcoming in-person investor events: the Keybanc Technology Leadership Forum on Tuesday, August 9th at 10:00am CT, and the 42nd Annual Canaccord Growth Conference on Thursday, August 11th at 10:00am CT.Ī live webcast of presentations, where available, will be available on Sprout Social’s investor relations website at. 05, 2022 (GLOBE NEWSWIRE) - Sprout Social, Inc.
0 kommentar(er)
