Appian Corp. (APPN) is the leading provider of the low-code portfolio to accelerate the creation of high-impact business apps and workflows. It enables the clients to automate the important aspects of businesses. International companies utilize its applications to enhance the consumer experience by achieving operational excellence.
The price of APPN stock during the regular trading on February 17, 2022, was $49.2 with a drop of 10.04%. At last check in the aftermarket, the stock was up by 12.4%.
APPN: Key Financials
On February 17, 2022, APPN released its financial results for the fourth quarter of 2021 ended December 31, 2021. Some of the key highlights are discussed below.
Revenue
Total revenue in Q4 2021 was $104.9 million against $81.6 million in the same quarter of 2020. The company observed a surge of 29% in revenue over the yearly period. The company topped the analysts’ estimates by $9.67 million.
EPS
Basic and diluted net loss per share in Q4 2021 was $25.8 million or $0.36 compared to $6.38 million or $0.09 in the same period of 2020. The EPS of the company decreased over the year. The company missed the estimated EPS by -$0.08.
APPN: Events and Happenings
On February 16, 2022, APPN updated that its Government Cloud is the pioneer low-code platform-as-a-service offerings for the receipt of Provisional Authorization at Impact Level 5 for managed cloud apps and services. The company’s Defense customers Department can speed up their tasks by hosting cloud workloads.
On February 8, 2022, APPN announced that the company’s Chief Partner Officer and Global Vice President were nominated by CRN for the CRN 2022 Channel Chiefs list. On January 24, 2022, APPN was informed about its Process mining facility’s general availability for identification and addressing workflow bottlenecks.
On December 15, 2021, APPN reported about its collaboration with Redox, to bring low-code data integration to the financiers. On December 15, 2021, APPN was nominated as a Leader in the report titled ‘The Forrester Wave DPA Software’, Q4 2021. On December 03, 2021, APPN announced its management’s participation at the Barclays Global Technology, Media, and Telecommunications Conference on December 7, 2021.
Conclusion
APPN stock downplayed 49% in the last six months due to the pandemic. The current rebounded aftermarket stock is the outcome of the financial statement release as the company topped the revenue estimates. For the first fiscal quarter of 2022, the company’s revenue outlook is $102.8 million and EPS will be -$0.28.
