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Anaplan, Inc. (PLAN) Stock Suffering After Disclosure of Fiscal Q1 2022 Financial Reports

METC Stock

METC Stock

Anaplan, Inc. (PLAN) stock prices were down by 11.82% as of the market opening on May 27th, 2021, bringing the price per share down to USD$50.23 shortly after the trading day commenced.

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Revenue Growth

PLAN continued to consolidate its market leadership with total revenues for the first quarter of the fiscal year 2022 reporting total revenue in the amount of USD$129.8 million. The 25% growth over the numbers reported for the same quarter of the prior fiscal year indicates a strong start to the fiscal year. Revenue generated from paid subscriptions was also up by 26% from the same quarter of the year before, up to USD$118.3 million in Q1 2022.

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Operating Loss Reports

GAAP operating loss was reported at USD$49.6 million for the first quarter of the fiscal year 2022, representing 8.2% of total revenue. This is comparable to the USD$38.8 million reported for the first quarter of fiscal 2021, which represented 37.3% of the total revenue reported then. Non-GAAP operating loss came in at USD$12.4 million, representing 9.6% of total revenue; while Q1 of fiscal 2021 reported a non-GAAP operating loss in the amount of USD$13.4 million, representing 12.9% of total revenue.

Q2 2022 Guidance

The company has provided guidance for the second quarter of the fiscal year 2022, which forecasts revenue to be between USD$133.5 million to USD$134.5 million. Non-GAAP operating margin is anticipated to be between negative 14% and 15%. As a baseline for the second quarter, but by no means a cap, the company expects billings to be in the range of USD$138 million to USD$140 million.

Fiscal 2022 Guidance

Despite the company having previously disclosed guidance for the full fiscal year on February 25th, 2021, the financial reports for the entirety of the quarter resulted in PLAN updating its previous guidance. As per the new forecasts, the expected total revenue was bumped up by USD$5 million and is anticipated in the range of USD$555 million and USD$560 million. Non-GAAP operating margin for the full fiscal 2022 report is expected to fall between negative 8% and negative 9%.

Recent Milestones

PLAN recently received the Customers Choice 2021 recognition in the prestigious Gartner’s Peer Insights for Cloud Financial Planning and Analysis (FP&A) Solutions. Gartner profiled the company in its Market Guide for Sales Performance Management 2021, which features reports on the trends, developments, and representative vendors pertaining to the sales performance management market. PLAN was also recognized by TrustRadius as the Top Rates Sales Performance Management Software for 2021.

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Future Outlook for PLAN

Armed with a solid liquidity position of USD$327.5 million as of April 30th, 2021, the company is poised to capitalize on the success of its first quarter of the year. Current and potential investors are hopeful that PLAN will be able to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

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