In its Q4 2024 earnings report, Upland Software disclosed a revenue of $68.0 million, a 6% decline year-over-year. However, Upland significantly improved its GAAP net loss from $16.0 million to $3.4 million. The adjusted EBITDA rose to $14.9 million, highlighting a margin improvement to 22%. The company attracted 110 new customers and expanded its existing relationships. While it anticipates revenue declines in Q1 and FY 2025 due to non-strategic product divestitures, Upland remains focused on enhancing operational efficiencies and targeting a 24% adjusted EBITDA margin for the year.
Upland Software experienced a revenue decline but significantly reduced net loss and improved gross margin, signaling operational enhancements amid strategic AI focus.
The company reported exciting ACH growth with an adjusted EBITDA that improved to 22% of total revenue, showcasing operational efficiency despite ongoing revenue challenges.
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