Workiva Announces Fourth Quarter and Full Year 2019 Financial Results
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Workiva (WK) Tops Q4 EPS by 7c, Revenues Beat; Offers Q1 & FY20 EPS Guidance Below Consensus, Provides Q1 & FY20 Revenue Outlook
February 20, 2020 4:21 PM ESTWorkiva (NYSE: WK) reported Q4 EPS of ($0.09), $0.07 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $80.3 million versus the consensus estimate of $75.69 million.
Fourth Quarter 2019 Financial Highlights
Revenue: Total revenue for the fourth quarter of 2019 reached $80.3 million, an increase of 24.6% from $64.4 million in the fourth quarter of 2018. Subscription and support revenue contributed $66.1 million, up 23.0% versus the fourth quarter of 2018. Professional services revenue was $14.1 million, an increase of 32.5% compared to the same quarter in the prior year.Gross Profit: GAAP gross profit for the fourth quarter of 2019 was $57.2... More