Cvent Holding Corp (NASDAQ:CVT) stock rose 0.62% (As on Mar 4, 11:27:42 AM UTC-4, Source: Google Finance) after the company posted mixed results for the fourth quarter of FY 21. Event Cloud revenue was $102.9 million for the fourth quarter of 2021, an increase of 31.5% from the comparable period in 2020. Hospitality Cloud revenue was $41.8 million for the fourth quarter of 2021, an increase of 12.1% from the comparable period in 2020. Net loss was $(21.5) million for the fourth quarter of 2021 compared to $(16.7) million in the comparable period in 2020. Cash, cash equivalents and short-term investments at the end of the quarter totaled $127.1 million, compared to $65.3 million as of December 31, 2020.

CVT in the fourth quarter of FY 21 has reported the adjusted loss per share of 5 cents, missing the analysts’ estimates for the adjusted earnings per share of 3 cents. The company had reported the adjusted revenue growth of 25.3 percent to $144.7 million in the fourth quarter of FY 21, beating the analysts’ estimates for revenue of $140.7 million, according to Refinitiv Ibes Data (analyst estimates). Adjusted EBITDA was $32.8 million for the fourth quarter of 2021, representing an Adjusted EBITDA margin of 22.7%, compared to $30.6 million, or an Adjusted EBITDA margin of 26.5%, in the comparable period in 2020. Adjusted EBITDA was $10.1 million, or 44.3% higher than the high end of the guidance, and Adjusted EBITDA margin was 22.7% compared to the high end of our guidance of 16.1%.

For full year 2022, the revenue is expected to be in the range of $619.6 million to $625.6 million, representing 20.0% year-over-year growth at the mid-point, reaffirming the previous guidance of $622.6 million. FY2022 Revenue View was of $617.0 Million, as per Refinitiv Ibes Data (analyst estimates). 2022 Adjusted EBITDA is expected to be in the range of $102.5 million to $107.5 million, or 16.9% of revenue at the mid- point, which is increased from our previous guidance of $102.6 million and 16.5% of revenue.

For First Quarter of 2022, the revenue is expected to be in the range of $133.0 million to $133.5 million, representing 13.6% year-over-year growth at the mid-point. Q1 Revenue View is $142.3 Million as per Refinitiv Ibes Data (analyst estimates) Q1 2022 Adjusted EBITDA is expected to be in the range of $9.9 million to $10.4 million, or 7.6% of revenue at the mid-point.