Appian Third Quarter 2024 Earnings: Beats Expectations

Appian (NASDAQ:APPN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$154.1m (up 12% from 3Q 2023).
• Net loss: US$2.10m (loss narrowed by 91% from 3Q 2023).
• US$0.029 loss per share (improved from US$0.30 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Appian Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 89%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Appian that we have uncovered.

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