PowerSchool Holdings, Inc. (PWSC) Misses Q1 EPS by 2c

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PowerSchool Announces First Quarter 2023 Financial Results

May 4, 2023 4:15 PM EDT

PowerSchool delivers first quarter total revenue within guidance, reiterates full-year 2023 outlook for total revenue GAAP net loss per diluted share improves 4% over the prior year to ($0.07), Non-GAAP Net Income per diluted share improves 13% to $0.18, and Adjusted EBITDA* grows 16% to $49.4 million Adjusted EBITDA exceeds guidance, full-year 2023 outlook for Adjusted EBITDA reiterated ARR* increases 10% over the prior year to reach $612 million as of March 31, 2023 NRR* of 109.1% improves 240 basis points from the first quarter of 2022

FOLSOM, Calif.--(BUSINESS WIRE)-- PowerSchool Holdings, Inc. (NYSE:... More