Tech Stock Under Pressure: Coupa Software Inc (NASDAQ: COUP)

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Coupa Software Inc (NASDAQ: COUP) stock fell over 4.8% on March 17th, 2021 and continued its bearish momentum on March 18th, 2021 (Source: Google finance) post the fourth quarter of FY 21. For the first quarter of 2022, Coupa predicted revenue of $151.5 million to $152.5 million with an adjusted loss of $10 million to $12 million, or 18 cents to 21 cents per share. Analysts had been predicting a breakeven quarter on revenue of $148.8 million. For the first quarter of 2022, the company expects Subscription revenues to be $133.5 to $134.5 million and Professional services and other revenues are expected to be approximately $18.0 million.

For the full year fiscal 2022, the company expects total revenues to be $675.0 to $678.0 million, Non-GAAP loss from operations is expected to be $7.0 to $10.0 million and Non-GAAP net loss per basic and diluted share is expected to be $0.23 to $0.27 per share.

Subscription revenues were $134.9 million, which represents an increase of 37% compared to the same period last year. The company has reported Non-GAAP net income of $13.0 million, compared to a non-GAAP net income of $15.0 million for the same period last year. The company has posted Non-GAAP operating income of $11.2 million, compared to a non-GAAP operating income of $13.3 million for the same period last year. The company has generated positive operating cash flows and adjusted free cash flows of $20.4 million and $38.1 million, respectively for the quarter.

As part of the company’s strategy to develop and own the Business Spend Management market, the company continued to invest strategically into all areas of the business. The company also made strategic acquisitions in supply chain design and planning, treasury, and the enhancement of the supplier diversity and travel and expense offerings. The company has recently Acquired Pana Industries, Inc., which is a leading travel booking company. The company in the fourth quarter has added many new customers, including 8×8, AbCellera Biologics, Adverum Biotechnologies, Bank of New Zealand, Cloudera, Commonwealth Care Alliance, Curology, Galderma Pharmaceutical, Heathrow Airport, Highspot, Honda Research Institute, RSG Group, Tyson Foods, Waystar etc.

COUP in the fourth quarter of FY 21 has reported the adjusted earnings per share of 17 cents, while reported the adjusted revenue growth of 47 percent to $163.5 million in the fourth quarter of FY 21.

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