PROS Holdings, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results
- Subscription revenue of $204.0 million, up 15% year-over-year.
- Subscription gross margin of 73% and non-GAAP subscription gross margin of 77%, up over 500 basis points year-over-year.
HOUSTON – February 9, 2023 — PROS Holdings, Inc. (NYSE: PRO), the CFO’s best-kept secret for profitable growth, today announced financial results for the fourth quarter and full year ended December 31, 2022.
“I’m proud of our team for their strong execution in delivering 15% subscription revenue growth in 2022 while driving greater efficiencies in our business,” stated CEO Andres Reiner. “Our market-leading profit and revenue optimization solutions are mission critical for businesses looking to thrive in economic uncertainty and fuel profitable growth. We enter this year well positioned to capitalize on the market opportunity in front of us.”
CFO Stefan Schulz said, “In 2022 we consistently drove revenue outperformance while delivering positive adjusted EBITDA in the second half of the year, despite a challenging economic environment. We are now projecting to generate positive adjusted EBITDA and free cash flow in 2023, accelerating our path to our long-term profitability goals.”