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Stock impact report

PowerSchool Announces First Quarter Financial Results

PowerSchool Holdings, Inc. Class A (PWSC) 
Company Research Source: Business Wire
First quarter total revenue increased 16% year-over-year to $185.0 million, meeting outlookFirst 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 revenueARR* increased 18% over the prior year to $720.3 million as of March 31, 2024NRR* of 107.0% improves sequentially 30 basis points from the fourth quarter of 2023 FOLSOM, Calif.--(BUSINESS WIRE)--PowerSchool Holdings, Inc. (NYSE: PWSC) ("PowerSchool" or the “Company”), the leading provider of cloud-based software for K-12 education in North America, today announced financial results for its first quarter ended March 31, 2024.“We opened 2024 with a strong first quarter in which we met our revenue guidance and exceeded the high end of our profitability guidance. We continue to see strong market demand for our suite of mission-critical products, which drove double-digit ARR and revenue growth, w Show less Read more
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