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Clearwater Analytics Sees Q3 Revenue $113M-$114M Vs $112.82M Est.; FY24 Revenue $442M-$444M Vs $440.35M Est.

Author: Benzinga Newsdesk | July 31, 2024 04:29pm

Third Quarter and Full Year 2024 Guidance



 
Third Quarter 2024

 
Full Year 2024
Revenue$113 million to

$114 million


 
$442 million to

$444 million
Year-over-Year Growth %~19% to 20%

 
~20% to 21%
Adjusted EBITDA$36 million

 
$140 million
Adjusted EBITDA Margin %~32%

 
~32%
Total Equity-based compensation expense and related payroll taxes

 


 
~$106 million
Depreciation and Amortization

 


 
~$12 million
Non-GAAP effective tax rate

 


 
25 %
Diluted non-GAAP share count

 


 
~258 million  

Certain components of the guidance given above are provided on a non-GAAP basis only without providing a reconciliation to guidance provided on a GAAP basis. Information is presented in this manner because the preparation of such a reconciliation could not be accomplished without "unreasonable efforts." The Company does not have access to certain information that would be necessary to provide such a reconciliation, including non-recurring items that are not indicative of the Company's ongoing operations. The Company does not believe that this information is likely to be significant to an assessment of the Company's ongoing operations.

Posted In: CWAN

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