ACV (ACVA) Misses Q2 EPS by 2c

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Go back to ACV (ACVA) Misses Q2 EPS by 2c

ACV Announces Second Quarter 2022 Results

August 10, 2022 4:01 PM EDT

Gains Market Share, Delivers Solid Revenue Growth and Margin ImprovementUpdates 2022 Guidance

Second quarter revenue of $115 million, up 18% YoYSecond quarter GAAP net loss of $25 millionSecond quarter Adjusted EBITDA loss of $14 million; Adjusted EBITDA margin expansion of ~500 basis points from first quarter 2022 Expects 2022 revenue of $427 million to $432 million, growth of 19% to 21% YoY; expects 2022 Adjusted EBITDA loss of $57 million to $59... More