E2open(US:ETWO)2024-07-10 20:17Revenue Performance - GAAP subscription revenue for Q1 FY25 was $131.4 million, a decrease of 2.6% year-over-year, representing 86.9% of total revenue[3] - Total GAAP revenue for Q1 FY25 was $151.2 million, down 5.6% from the previous year[3] - For fiscal year 2025, GAAP subscription revenue is expected to be between $532 million and $542 million, reflecting flat growth year-over-year at the mid-point[8] - Total GAAP revenue for fiscal 2025 is projected to be in the range of $630 million to $645 million, indicating a 0.5% organic growth rate at the mid-point[9] - Total GAAP revenue for Q1 FY2025 was $151.2 million, down 5.6% from $160.1 million in Q1 FY2024[28] Profitability Metrics - GAAP net loss for Q1 FY25 was $42.8 million, compared to a net loss of $360.9 million in the same period last year[3] - Adjusted EBITDA for Q1 FY25 was $50.7 million, a decrease of 5.7% year-over-year, with an adjusted EBITDA margin of 33.6%[3] - Non-GAAP gross profit for Q1 FY2025 was $102.6 million, a decrease of 7.1% compared to $110.4 million in Q1 FY2024[28] - Adjusted EBITDA for Q1 FY2025 was $50.7 million, down 5.7% from $53.8 million in Q1 FY2024[28] - GAAP net loss for Q1 2025 was $42.8 million, with an adjusted net income of $13.0 million, resulting in adjusted earnings per share of $0.04[37] Cash Flow and Liquidity - Cash, cash equivalents, and restricted cash at the end of the period increased to $175,940 thousand from $149,038 thousand at the beginning of the period[26] - Adjusted free cash flow for Q1 2025 was $33.0 million, demonstrating strong cash generation capabilities[39] - The company reported a total operating cash flow of $35.9 million, with non-recurring cash payments adding $4.3 million[39] Expenses and Liabilities - Operating expenses totaled $89.5 million, with research and development costs at $24.8 million, representing 12.0% of total revenue[35] - Total current liabilities decreased from $338,974 thousand to $313,540 thousand, a reduction of 7.5%[24] - Share-based compensation increased significantly to $11,787 thousand from $4,445 thousand year-over-year, reflecting a 164.3% rise[28] - Deferred revenue decreased from $213,138 thousand to $187,197 thousand, a decline of 12.2%[24] Strategic Developments - E2open launched the Supply Network Discovery solution to enhance regulatory compliance and supply assurance for clients[7] - The company secured a significant new subscription business with one of the world's largest retailers, expanding its client base[7] - The company incurred acquisition-related expenses of $0.3 million during the quarter, reflecting ongoing strategic investments[35] - Capital expenditures for Q1 2025 were $6.1 million, indicating continued investment in growth initiatives[39] Asset Management - Total assets decreased from $3,141,655 thousand to $3,077,067 thousand, a decline of 2.0%[24] - Shares outstanding as of May 31, 2024, were 307,516, with adjusted basic shares totaling 344,435[41] - The company has outstanding warrants totaling 29,080 with an exercise price of $11.50, which could impact future equity structure[41]