N-ABLE(NABL)

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N-able (NABL) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-08 13:35
N-able (NABL) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this provider of cloud-based software services would post earnings of $0.10 per share when it actually produced earnings of $0.11, delivering a surprise of 10%. Over the last four ...
N-ABLE(NABL) - 2024 Q1 - Quarterly Report
2024-05-09 13:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40297 N-able, Inc. (Exact name of registrant as specified in its charter) Delaware 85-4069861 (State or other jurisdiction of inc ...
N-ABLE(NABL) - 2024 Q1 - Quarterly Results
2024-05-09 11:03
Exhibit 99.1 N-able Announces First Quarter 2024 Results First-Quarter 2024 Revenue Increased 14% Year-Over-Year Raised Full-Year 2024 Constant Currency Revenue Outlook to 10% - 11% Year-Over-Year Growth Raised Full-Year 2024 Adjusted EBITDA Margin Outlook to 35% BURLINGTON, Massachusetts - May 9, 2024 - N-able, Inc. (NYSE:NABL), a global software company helping IT services providers deliver remote monitoring and management, data protection as-a-service, and security solutions, today reported results for i ...
N-ABLE(NABL) - 2023 Q4 - Annual Report
2024-02-29 12:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40297 N-able, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizati ...
N-ABLE(NABL) - 2023 Q4 - Annual Results
2024-02-22 12:06
Exhibit 99.1 N-able Announces Fourth Quarter and Full-Year 2023 Results Full-Year 2023 Revenue Increased 13.5% Year-Over-Year TTM Dollar-Based Net Retention Rate of 110% Full-Year 2024 Revenue Outlook of 9% to 10% Year-Over-Year Growth Full-Year 2024 Adjusted EBITDA Margin Outlook of 34% to 35% BURLINGTON, Massachusetts - February 22, 2024 - N-able, Inc. (NYSE:NABL), a global software company helping IT services providers deliver remote monitoring and management, data protection as-a-service, and security s ...
N-ABLE(NABL) - 2023 Q3 - Earnings Call Transcript
2023-11-13 16:36
N-able, Inc. (NYSE:NABL) Q3 2023 Earnings Conference Call November 13, 2023 8:30 AM ET Company Participants Griffin Gyr - IR John Pagliuca - President and CEO Tim O'Brien - EVP and CFO Conference Call Participants Mike Cikos - Needham Jason Ader - William Blair Matt Hedberg - RBC Brian Essex - J.P. Morgan Operator Hello, and welcome to the N-able Third Quarter 2023 Earnings Call. My name is Alex, and I will be coordinating the call today. [Operator Instructions]. I'd now hand over to your host, Griffin Gyr, ...
N-ABLE(NABL) - 2023 Q3 - Quarterly Report
2023-11-13 14:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40297 N-able, Inc. (Exact name of registrant as specified in its charter) Delaware 85-4069861 (State or other jurisdiction of ...
N-ABLE(NABL) - 2023 Q3 - Earnings Call Presentation
2023-11-13 13:25
7 Appliance free, direct to cloud Meet Policy Requirements Physical and Virtual Servers Smooth interface experience Password manager Secure Design Automation Remote Monitoring and Management Gives MSPs and IT professionals the ability to monitor and manage their network from anywhere. Cloud based nature allows MSPs and IT professionals to automate tasks. Product Portfolio N N-ABLE N-central® Patch Management r Automation Network Monitoring Best in class integrations Security Protects SMBs and IT professiona ...
N-ABLE(NABL) - 2023 Q2 - Earnings Call Transcript
2023-08-10 18:09
Financial Data and Key Metrics Changes - Total revenue for Q2 2023 was $106.1 million, representing approximately 16% year-over-year growth or approximately 17% on a constant currency basis [59] - Adjusted EBITDA was approximately $34.9 million, up approximately 26% year-over-year, representing an adjusted EBITDA margin of approximately 33% [34][62] - The company ended the quarter with approximately $109 million in cash and an outstanding loan principal balance of approximately $344 million, representing net leverage of approximately 1.8x [60] Business Line Data and Key Metrics Changes - Subscription revenue was $103.4 million, representing approximately 16% year-over-year growth or approximately 17% on a constant currency basis [59] - Revenue from the security business outpaced total company revenue growth, with strong demand for managed EDR offerings and other security solutions [52][30] - New customers on Cove, the data protection as a service product, were up 28% year-over-year in Q2 [30] Market Data and Key Metrics Changes - The company ended the quarter with 2,162 partners contributing $50,000 or more of ARR, up approximately 19% year-over-year [18] - Approximately 45% of revenue was generated outside of North America [60] - The macro outlook for disaster recovery as a service is strong, with IDC projecting a CAGR of 18% through 2026 [13] Company Strategy and Development Direction - The company aims to empower MSP partners with enterprise-grade technology to meet the needs of their SME customer base [8] - The strategy includes innovation in product offerings, such as the integration of AI technology to enhance efficiency and effectiveness [15][56] - The company is focused on maintaining a balanced path toward its sustained Rule of 50 operating goal [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term secular growth of SME IT spending and the trend of outsourcing IT services [40] - The demand environment is healthy, with MSPs increasingly managing IT departments of larger organizations [6][7] - Management noted that compliance is becoming a critical focus for MSPs as customers seek to meet regulatory requirements [86] Other Important Information - The company raised its full-year revenue outlook to $419.5 million to $421 million, representing approximately 13% year-over-year growth [62] - The company received four Stevies at the 2023 American Business Awards for various achievements [16] Q&A Session Summary Question: Can you help us think through the impact of pricing changes on Q3 guidance? - Management indicated that the majority of pricing changes are felt at the time of the increase rather than over a 12-month period, which affects Q3 guidance [68][102] Question: What is driving MSPs to move upmarket? - Management noted that MSPs are now servicing larger enterprises due to their maturity and the demand for more comprehensive IT services [94][95] Question: How is the macro environment impacting new projects and customers? - Management observed that while Europe has been softer, demand remains strong across other regions, particularly for data protection and security offerings [80] Question: How does the company approach portfolio diversification? - The company employs a three-pronged approach of building IP, partnering with enterprise-grade companies, and pursuing M&A to enhance its offerings [107][108]
N-ABLE(NABL) - 2023 Q2 - Quarterly Report
2023-08-10 13:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40297 N-able, Inc. (Exact name of registrant as specified in its charter) Delaware 85-4069861 (State or other jurisdiction of inco ...