PowerSchool(PWSC) - 2024 Q1 - Quarterly Results
PowerSchool(PWSC)2024-05-08 04:15
PowerSchool Announces First Quarter Financial Results • First quarter total revenue increased 16% year-over-year to $185.0 million, meeting outlook • First quarter GAAP net loss was $22.8 million, representing 12% of total revenue, and Adjusted EBITDA* increased 24% year-over-year to $61.3 million, exceeding outlook and representing 33% of total revenue • ARR* increased 18% over the prior year to $720.3 million as of March 31, 2024 • NRR* of 107.0% improves sequentially 30 basis points from the fourth quart ...