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Stock impact report

Workiva's Enterprise Push Doesn't Come Cheap [The Motley Fool]

Workiva Inc. Class A (WK) 
Last workiva inc. class a earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.workiva.com/investors/overview
Company Research Source: The Motley Fool
The company is spending heavily to win larger customers. That's hurting the bottom line but planting the seeds of future growth. Enterprise-software provider Workiva ( NYSE:WK ) reported its first-quarter results after the market closed on May 2. Losses grew as the company ramped up spending in an effort to win larger contracts. It's showing some progress on that front, boosting the number of large enterprise customers considerably over the past year. But with guidance calling for widening losses in 2018, the company doesn't expect this strategy to help the bottom line this year. Here's what investors need to know about Workiva's first-quarter report. Workiva results: The raw numbers Metric Q1 2018 Q1 2017 Year-Over-Year Change Revenue $59.9 million $51.9 million 15.4% Net income ($9.6 million) ($5.8 million) N/A Non-GAAP earnings per share ($0.09) ($0.04) N/A Data Show less Read more
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