(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||
( | ||||||||
(Address of principal executive offices and zip code) | ||||||||
( | ||||||||
(Registrant's telephone number, including area code) | ||||||||
___________________________________ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: | ||||||||
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Exhibit Number | Description | |||||||
99.1 | ||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
WORKIVA INC. | |||||
By: | /s/ Jill Klindt | ||||
Name: | Jill Klindt | ||||
Title: | Executive Vice President, Chief Financial Officer, Chief Accounting Officer and Treasurer | ||||
### | ||||||||||||||
Investor Contact: | Media Contact: | |||||||||||||
Mike Rost | Darcie Brossart | |||||||||||||
Workiva Inc. | Workiva Inc. | |||||||||||||
investor@workiva.com | press@workiva.com | |||||||||||||
WORKIVA INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share amounts) | |||||||||||||||||||||||
Three months ended June 30, | Six months ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
(unaudited) | |||||||||||||||||||||||
Revenue | |||||||||||||||||||||||
Subscription and support | $ | 136,772 | $ | 113,353 | $ | 266,436 | $ | 220,473 | |||||||||||||||
Professional services | 18,250 | 18,196 | 38,775 | 40,750 | |||||||||||||||||||
Total revenue | 155,022 | 131,549 | 305,211 | 261,223 | |||||||||||||||||||
Cost of revenue | |||||||||||||||||||||||
Subscription and support (1) | 25,083 | 18,915 | 49,216 | 37,448 | |||||||||||||||||||
Professional services (1) | 14,421 | 13,322 | 28,806 | 25,662 | |||||||||||||||||||
Total cost of revenue | 39,504 | 32,237 | 78,022 | 63,110 | |||||||||||||||||||
Gross profit | 115,518 | 99,312 | 227,189 | 198,113 | |||||||||||||||||||
Operating expenses | |||||||||||||||||||||||
Research and development (1) | 42,697 | 39,177 | 88,488 | 75,061 | |||||||||||||||||||
Sales and marketing (1) | 71,882 | 64,219 | 142,592 | 120,319 | |||||||||||||||||||
General and administrative (1) | 23,627 | 24,108 | 65,638 | 48,102 | |||||||||||||||||||
Total operating expenses | 138,206 | 127,504 | 296,718 | 243,482 | |||||||||||||||||||
Loss from operations | (22,688) | (28,192) | (69,529) | (45,369) | |||||||||||||||||||
Interest income | 4,535 | 605 | 8,252 | 885 | |||||||||||||||||||
Interest expense | (1,499) | (1,512) | (3,000) | (3,030) | |||||||||||||||||||
Other (expense) and income, net | (439) | 668 | (1,379) | 503 | |||||||||||||||||||
Loss before provision for income taxes | (20,091) | (28,431) | (65,656) | (47,011) | |||||||||||||||||||
Provision for income taxes | 819 | 430 | 1,404 | 343 | |||||||||||||||||||
Net loss | $ | (20,910) | $ | (28,861) | $ | (67,060) | $ | (47,354) | |||||||||||||||
Net loss per common share: | |||||||||||||||||||||||
Basic and diluted | $ | (0.39) | $ | (0.55) | $ | (1.25) | $ | (0.90) | |||||||||||||||
Weighted-average common shares outstanding - basic and diluted | 54,009,963 | 52,850,470 | 53,850,986 | 52,724,051 |
Three months ended June 30, | Six months ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
(unaudited) | |||||||||||||||||||||||
Cost of revenue | |||||||||||||||||||||||
Subscription and support | $ | 1,413 | $ | 912 | $ | 2,485 | $ | 1,702 | |||||||||||||||
Professional services | 667 | 593 | 1,300 | 1,045 | |||||||||||||||||||
Operating expenses | |||||||||||||||||||||||
Research and development | 4,825 | 3,148 | 9,522 | 5,873 | |||||||||||||||||||
Sales and marketing | 6,703 | 5,646 | 13,661 | 9,731 | |||||||||||||||||||
General and administrative | 7,002 | 8,148 | 31,684 | 15,405 |
WORKIVA INC. CONSOLIDATED BALANCE SHEETS (in thousands) | |||||||||||
June 30, 2023 | December 31, 2022 | ||||||||||
(unaudited) | |||||||||||
Assets | |||||||||||
Current assets | |||||||||||
Cash and cash equivalents | $ | 198,939 | $ | 240,197 | |||||||
Marketable securities | 267,312 | 190,595 | |||||||||
Accounts receivable, net | 84,272 | 106,316 | |||||||||
Deferred costs | 38,471 | 38,350 | |||||||||
Other receivables | 5,472 | 6,674 | |||||||||
Prepaid expenses and other | 25,419 | 17,957 | |||||||||
Total current assets | 619,885 | 600,089 | |||||||||
Property and equipment, net | 25,380 | 27,096 | |||||||||
Operating lease right-of-use assets | 11,493 | 13,932 | |||||||||
Deferred costs, non-current | 30,810 | 33,682 | |||||||||
Goodwill | 111,154 | 109,740 | |||||||||
Intangible assets, net | 25,643 | 28,234 | |||||||||
Other assets | 6,430 | 6,847 | |||||||||
Total assets | $ | 830,795 | $ | 819,620 | |||||||
Liabilities and Stockholders’ Equity | |||||||||||
Current liabilities | |||||||||||
Accounts payable | $ | 5,312 | $ | 6,174 | |||||||
Accrued expenses and other current liabilities | 91,118 | 83,999 | |||||||||
Deferred revenue | 327,365 | 316,263 | |||||||||
Finance lease obligations | 518 | 504 | |||||||||
Total current liabilities | 424,313 | 406,940 | |||||||||
Convertible senior notes, non-current | 340,907 | 340,257 | |||||||||
Deferred revenue, non-current | 39,822 | 38,237 | |||||||||
Other long-term liabilities | 1,527 | 1,518 | |||||||||
Operating lease liabilities, non-current | 9,749 | 12,102 | |||||||||
Finance lease obligations, non-current | 14,320 | 14,583 | |||||||||
Total liabilities | 830,638 | 813,637 | |||||||||
Stockholders’ equity | |||||||||||
Common stock | 54 | 53 | |||||||||
Additional paid-in-capital | 595,693 | 537,732 | |||||||||
Accumulated deficit | (592,176) | (525,116) | |||||||||
Accumulated other comprehensive loss | (3,414) | (6,686) | |||||||||
Total stockholders’ equity | 157 | 5,983 | |||||||||
Total liabilities and stockholders’ equity | $ | 830,795 | $ | 819,620 |
WORKIVA INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) | |||||||||||||||||||||||
Three months ended June 30, | Six months ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
(unaudited) | |||||||||||||||||||||||
Cash flows from operating activities | |||||||||||||||||||||||
Net loss | $ | (20,910) | $ | (28,861) | $ | (67,060) | $ | (47,354) | |||||||||||||||
Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||||||||||||||||||
Depreciation and amortization | 2,867 | 2,725 | 5,667 | 4,684 | |||||||||||||||||||
Stock-based compensation expense | 20,610 | 18,447 | 58,652 | 33,756 | |||||||||||||||||||
(Recovery of) provision for doubtful accounts | (57) | 20 | 49 | (9) | |||||||||||||||||||
Realized loss on sale of available-for-sale securities, net | 147 | — | 708 | — | |||||||||||||||||||
(Accretion) amortization of premiums and discounts on marketable securities, net | (1,572) | 453 | (2,600) | 1,113 | |||||||||||||||||||
Amortization of issuance costs and debt discount | 325 | 324 | 650 | 648 | |||||||||||||||||||
Deferred income tax | 7 | 63 | (3) | (148) | |||||||||||||||||||
Changes in assets and liabilities: | |||||||||||||||||||||||
Accounts receivable | (6,886) | (4,844) | 22,477 | 1,737 | |||||||||||||||||||
Deferred costs | 1,362 | (2,734) | 3,132 | (1,290) | |||||||||||||||||||
Operating lease right-of-use asset | 1,268 | 1,307 | 2,563 | 2,608 | |||||||||||||||||||
Other receivables | (381) | 385 | (286) | 565 | |||||||||||||||||||
Prepaid expenses | (1,705) | (1,591) | (7,437) | (2,723) | |||||||||||||||||||
Other assets | 510 | 12 | 436 | 35 | |||||||||||||||||||
Accounts payable | (1,088) | (2,300) | (881) | 2,064 | |||||||||||||||||||
Deferred revenue | 21,060 | 13,192 | 11,105 | 13,798 | |||||||||||||||||||
Operating lease liability | (1,207) | (1,302) | (2,379) | (2,644) | |||||||||||||||||||
Accrued expenses and other liabilities | 11,629 | 13,388 | 6,749 | 907 | |||||||||||||||||||
Net cash provided by operating activities | 25,979 | 8,684 | 31,542 | 7,747 | |||||||||||||||||||
Cash flows from investing activities | |||||||||||||||||||||||
Purchase of property and equipment | (639) | (671) | (837) | (1,203) | |||||||||||||||||||
Purchase of marketable securities | (51,204) | (23,798) | (177,019) | (57,946) | |||||||||||||||||||
Sale of marketable securities | 21,339 | — | 65,052 | 14,981 | |||||||||||||||||||
Maturities of marketable securities | 8,000 | 40,536 | 39,905 | 66,786 | |||||||||||||||||||
Acquisitions, net of cash acquired | — | (99,186) | — | (99,186) | |||||||||||||||||||
Purchase of intangible assets | (40) | (6) | (119) | (46) | |||||||||||||||||||
Net cash used in investing activities | (22,544) | (83,125) | (73,018) | (76,614) | |||||||||||||||||||
WORKIVA INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) | |||||||||||||||||||||||
Three months ended June 30, | Six months ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
(unaudited) | |||||||||||||||||||||||
Cash flows from financing activities | |||||||||||||||||||||||
Proceeds from option exercises | 747 | 1,145 | 2,204 | 1,970 | |||||||||||||||||||
Taxes paid related to net share settlements of stock-based compensation awards | (1,212) | (1,344) | (8,440) | (9,914) | |||||||||||||||||||
Proceeds from shares issued in connection with employee stock purchase plan | — | — | 5,546 | 5,218 | |||||||||||||||||||
Principal payments on finance lease obligations | (125) | (446) | (249) | (888) | |||||||||||||||||||
Net cash used in financing activities | (590) | (645) | (939) | (3,614) | |||||||||||||||||||
Effect of foreign exchange rates on cash | 609 | (1,737) | 1,157 | (1,652) | |||||||||||||||||||
Net increase (decrease) in cash and cash equivalents | 3,454 | (76,823) | (41,258) | (74,133) | |||||||||||||||||||
Cash and cash equivalents at beginning of period | 195,485 | 303,076 | 240,197 | 300,386 | |||||||||||||||||||
Cash and cash equivalents at end of period | $ | 198,939 | $ | 226,253 | $ | 198,939 | $ | 226,253 |
TABLE I WORKIVA INC. RECONCILIATION OF NON-GAAP INFORMATION (in thousands, except share and per share) | |||||||||||||||||||||||
Three months ended June 30, | Six months ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Gross profit, subscription and support | $ | 111,689 | $ | 94,438 | $ | 217,220 | $ | 183,025 | |||||||||||||||
Add back: Stock-based compensation | 1,413 | 912 | 2,485 | 1,702 | |||||||||||||||||||
Gross profit, subscription and support, non-GAAP | $ | 113,102 | $ | 95,350 | $ | 219,705 | $ | 184,727 | |||||||||||||||
Gross profit, professional services | $ | 3,829 | $ | 4,874 | $ | 9,969 | $ | 15,088 | |||||||||||||||
Add back: Stock-based compensation | 667 | 593 | 1,300 | 1,045 | |||||||||||||||||||
Gross profit, professional services, non-GAAP | $ | 4,496 | $ | 5,467 | $ | 11,269 | $ | 16,133 | |||||||||||||||
Gross profit | $ | 115,518 | $ | 99,312 | $ | 227,189 | $ | 198,113 | |||||||||||||||
Add back: Stock-based compensation | 2,080 | 1,505 | 3,785 | 2,747 | |||||||||||||||||||
Gross profit, non-GAAP | $ | 117,598 | $ | 100,817 | $ | 230,974 | $ | 200,860 | |||||||||||||||
Cost of revenue, subscription and support | $ | 25,083 | $ | 18,915 | $ | 49,216 | $ | 37,448 | |||||||||||||||
Less: Stock-based compensation | 1,413 | 912 | 2,485 | 1,702 | |||||||||||||||||||
Cost of revenue, subscription and support, non-GAAP | $ | 23,670 | $ | 18,003 | $ | 46,731 | $ | 35,746 | |||||||||||||||
Cost of revenue, professional services | $ | 14,421 | $ | 13,322 | $ | 28,806 | $ | 25,662 | |||||||||||||||
Less: Stock-based compensation | 667 | 593 | 1,300 | 1,045 | |||||||||||||||||||
Cost of revenue, professional services, non-GAAP | $ | 13,754 | $ | 12,729 | $ | 27,506 | $ | 24,617 | |||||||||||||||
Research and development | $ | 42,697 | $ | 39,177 | $ | 88,488 | $ | 75,061 | |||||||||||||||
Less: Stock-based compensation | 4,825 | 3,148 | 9,522 | 5,873 | |||||||||||||||||||
Less: Amortization of acquisition-related intangibles | 891 | 869 | 1,777 | 1,364 | |||||||||||||||||||
Research and development, non-GAAP | $ | 36,981 | $ | 35,160 | $ | 77,189 | $ | 67,824 | |||||||||||||||
Sales and marketing | $ | 71,882 | $ | 64,219 | $ | 142,592 | $ | 120,319 | |||||||||||||||
Less: Stock-based compensation | 6,703 | 5,646 | 13,661 | 9,731 | |||||||||||||||||||
Less: Amortization of acquisition-related intangibles | 606 | 586 | 1,207 | 786 | |||||||||||||||||||
Sales and marketing, non-GAAP | $ | 64,573 | $ | 57,987 | $ | 127,724 | $ | 109,802 | |||||||||||||||
General and administrative | $ | 23,627 | $ | 24,108 | $ | 65,638 | $ | 48,102 | |||||||||||||||
Less: Stock-based compensation | 7,002 | 8,148 | 31,684 | 15,405 | |||||||||||||||||||
General and administrative, non-GAAP | $ | 16,625 | $ | 15,960 | $ | 33,954 | $ | 32,697 | |||||||||||||||
Loss from operations | $ | (22,688) | $ | (28,192) | $ | (69,529) | $ | (45,369) | |||||||||||||||
Add back: Stock-based compensation | 20,610 | 18,447 | 58,652 | 33,756 | |||||||||||||||||||
Add back: Amortization of acquisition-related intangibles | 1,497 | 1,455 | 2,984 | 2,150 | |||||||||||||||||||
Loss from operations, non-GAAP | $ | (581) | $ | (8,290) | $ | (7,893) | $ | (9,463) | |||||||||||||||
TABLE I WORKIVA INC. RECONCILIATION OF NON-GAAP INFORMATION (in thousands, except share and per share) | |||||||||||||||||||||||
Three months ended June 30, | Six months ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Net loss | $ | (20,910) | $ | (28,861) | $ | (67,060) | $ | (47,354) | |||||||||||||||
Add back: Stock-based compensation | 20,610 | 18,447 | 58,652 | 33,756 | |||||||||||||||||||
Add back: Amortization of acquisition-related intangibles | 1,497 | 1,455 | 2,984 | 2,150 | |||||||||||||||||||
Net income (loss), non-GAAP | $ | 1,197 | $ | (8,959) | $ | (5,424) | $ | (11,448) | |||||||||||||||
Net loss per basic and diluted share: | $ | (0.39) | $ | (0.55) | $ | (1.25) | $ | (0.90) | |||||||||||||||
Add back: Stock-based compensation | 0.38 | 0.35 | 1.09 | 0.64 | |||||||||||||||||||
Add back: Amortization of acquisition-related intangibles | 0.03 | 0.03 | 0.06 | 0.04 | |||||||||||||||||||
Net income (loss) per basic share, non-GAAP | $ | 0.02 | $ | (0.17) | $ | (0.10) | $ | (0.22) | |||||||||||||||
Net income (loss) per diluted share, non-GAAP | $ | 0.02 | $ | (0.17) | $ | (0.10) | $ | (0.22) | |||||||||||||||
Weighted-average common shares outstanding - basic, non-GAAP | 54,009,963 | 52,850,470 | 53,850,986 | 52,724,051 | |||||||||||||||||||
Weighted-average common shares outstanding - diluted, non-GAAP | 55,793,636 | 52,850,470 | 53,850,986 | 52,724,051 |
TABLE II WORKIVA INC. RECONCILIATION OF NON-GAAP GUIDANCE (in thousands, except share and per share data) | |||||||||||||||||||||||
Three months ending September 30, 2023 | Year ending December 31, 2023 | ||||||||||||||||||||||
Loss from operations, GAAP range | $ | (24,000) | - | $ | (23,000) | $ | (109,000) | - | $ | (107,000) | |||||||||||||
Add back: Stock-based compensation | 21,500 | 21,500 | 100,100 | 100,100 | |||||||||||||||||||
Add back: Amortization of acquisition-related intangibles | 1,500 | 1,500 | 5,900 | 5,900 | |||||||||||||||||||
Net loss from operations, non-GAAP range | $ | (1,000) | - | $ | — | $ | (3,000) | - | $ | (1,000) | |||||||||||||
Net loss per share, GAAP range | $ | (0.40) | - | $ | (0.38) | $ | (1.88) | - | $ | (1.85) | |||||||||||||
Add back: Stock-based compensation | 0.40 | 0.40 | 1.86 | 1.86 | |||||||||||||||||||
Add back: Amortization of acquisition-related intangibles | 0.03 | 0.03 | 0.11 | 0.11 | |||||||||||||||||||
Net income per share, non-GAAP range | $ | 0.03 | - | $ | 0.05 | $ | 0.09 | - | $ | 0.12 | |||||||||||||
Weighted-average common shares outstanding - basic | 54,100,000 | 54,100,000 | 54,000,000 | 54,000,000 |
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end
Cover Page |
Aug. 03, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Aug. 03, 2023 |
Entity Registrant Name | WORKIVA INC |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-36773 |
Entity Tax Identification Number | 47-2509828 |
Entity Address, Address Line One | 2900 University Blvd |
Entity Address, City or Town | Ames |
Entity Address, State or Province | IA |
Entity Address, Postal Zip Code | 50010 |
City Area Code | 888 |
Local Phone Number | 275-3125 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Class A common stock, par value $.001 |
Trading Symbol | WK |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0001445305 |
Amendment Flag | false |
M-8?20$3;8T.P6BP^0"X99K>]9!:G 97)PC$ 8 )PG 3 " &UL4$L! A0#% @ '((#5T< (A,^! ;Q !@
M ("!#0@ 'AL+W=O
DX9L/ZKU"OO+Z!>']/@S3@?_82
M&I*,J> @RDAT$PS"A]M=*K%D5/2SDY>P7
MBHXLG:NO*@+%[V]?/[4.2:>%Q311-\7_]E)E<2JOLN?[M2[
MR3)>W,W5YK7;3$7-;N=95O-:H*0%2C