The following is a summary of the E2open Parent Holdings, Inc. (ETWO) Q4 2024 Earnings Call Transcript:

Financial Performance:

• E2Open reported a Q4 2024 subscription revenue of $134.4 million, surpassing the high-end of their guidance but marking a slight 1.8% YoY decline.

• Professional services and other revenue dropped 18.0% to $24.1 million in Q4 2024.

• Non-GAAP gross profit was $110.9 million, relating a 4.9% YoY decline. However, the full-year non-GAAP gross margin for 2024 improved to 69.4% from 68.7% the previous year.

• Adjusted EBITDA for Q4 was $55.1 million, down from $61.2 million the previous year, but full-year adjusted EBITDA increased 1.5% to $220.3 million.

• The company reported a Q4 net loss of $45.5 million and an annual net loss of $1.2 billion, impacted by a $1.1 billion non-cash goodwill impairment.

• E2Open ended FY 2024 with a cash balance of $134.5 million, marking a YoY increase of $41.5 million.

Business Progress:

• E2Open is accelerating organic growth and cross-selling opportunities, identifying $2 billion of such opportunities in its existing client base.

• New supply network discovery capabilities within its supply applications have been introduced, with new features being added every quarter.

• Efforts are being made to enhance growth capabilities by aligning sales capacity and talent to their growth opportunities, and developing partnerships with Systems Integrators to identify new clients.

• A detailed plan is being implemented to improve client retention by stabilizing churn.

• E2open forecasts FY 2025 subscription revenue to be between $532 million and $542 million and is working towards a gross profit margin of 68% to 70%.

• The company has transitioned from an M&A focus to aim for double-digit organic growth, with new leadership and strategies in place for growth reacceleration.

• E2Open has also been enhancing the quality of its pipeline and making strides in reducing churn and enhancing its sales organization.

More details: E2open Parent IR

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