E2open(US:ETWO)2024-10-09 20:19Revenue Performance - GAAP subscription revenue for Q2 FY25 was $131.6 million, a decrease of 2.3% year-over-year, representing 86.5% of total revenue[3] - Total GAAP revenue for Q2 FY25 was $152.2 million, down 4.0% from the same period last year[3] - For FY25, GAAP subscription revenue is expected to be between $526 million and $532 million, reflecting a negative 1.5% organic growth rate at the mid-point[8] - Total GAAP revenue for FY25 is projected to be in the range of $607 million to $617 million, indicating a negative 3.6% organic growth rate at the mid-point[9] - Total revenue for the three months ended August 31, 2024, was $152.192 million, a decrease of 3.8% from $158.488 million in the same period last year[18] - Subscription revenue was $131.555 million, down from $134.734 million, while professional services revenue decreased to $20.637 million from $23.754 million[18] - Total GAAP revenue for Q2 FY2025 was $152.2 million, a decrease of $6.3 million or 4.0% compared to Q2 FY2024[21] - Non-GAAP subscription revenue for Q2 FY2025 was $131.6 million, down $3.1 million or 2.3% from Q2 FY2024[21] Profitability and Loss - GAAP net loss for Q2 FY25 was $32.9 million, an improvement from a net loss of $38.6 million in the prior year[4] - Adjusted EBITDA for Q2 FY25 was $54.9 million, a decrease of 2.2% year-over-year, with an adjusted EBITDA margin of 36.1%[4] - Net loss attributable to E2open Parent Holdings, Inc. was $29.863 million, an improvement from a net loss of $34.872 million in the prior year[18] - Non-GAAP gross profit for Q2 FY2025 was $105.0 million, a decline of $4.5 million or 4.1% year-over-year[22] - Adjusted EBITDA for Q2 FY2025 was $54.9 million, a decrease of $1.2 million or 2.2% compared to Q2 FY2024[23] - The company reported a net loss of $(32.9) million for Q2 FY2025, an improvement of $5.8 million from the previous year[23] Cash Flow and Financial Position - Cash and cash equivalents increased to $142.164 million from $134.478 million as of February 29, 2024[19] - Accounts receivable decreased significantly to $112.592 million from $161.556 million, indicating improved cash collection[19] - Total liabilities decreased to $1.490 billion from $1.557 billion, reflecting a reduction in deferred revenue and accounts payable[19] - Net cash provided by operating activities for the six months ended August 31, 2024, was $28.427 million, compared to $51.261 million in the same period last year[20] - Cash, cash equivalents, and restricted cash at the end of the period totaled $158.757 million, up from $134.601 million year-over-year[20] - GAAP operating cash flow for Q2 FY2025 was $(7.5) million, with adjusted operating cash flow at $(5.5) million[28] Operational Developments - The company closed new logo and cross-sell business with large global companies in various sectors, enhancing its client base[6] - Innovations introduced include the Appointment Scheduling API and AI advancements across the platform, aimed at improving operational efficiency[7] - The company is adjusting its FY25 revenue guidance to a more conservative outlook due to delays in closing large deals[2] Share Information - Shares outstanding as of August 31, 2024, were 308,605,000[30] - The company has 29,080,000 outstanding warrants with an exercise price of $11.50[33]