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E2open Parent Holdings Inc. Class A has submitted its 10-Q filing for the quarterly period ended November 30, 2024.
The filing reports a total revenue of $151.7 million for the quarter, a decrease from $157.5 million in the same period of the previous year. The decline is attributed to lower new bookings and elevated churn.
Subscriptions revenue was $132.0 million, a slight decrease from $132.8 million in the prior year. Professional services and other revenue fell to $19.7 million from $24.7 million.
Cost of revenue for the quarter was $75.9 million, down from $78.9 million in the previous year. The decrease in cost is primarily due to reduced personnel expenses.
Gross profit for the quarter was $75.7 million, compared to $78.6 million in the previous year, with a gross margin of 50% for both periods.
Operating expenses included $23.3 million for research and development, $21.5 million for sales and marketing, and $20.8 million for general and administrative expenses. General and administrative expenses decreased due to lower personnel and consulting costs.
The company recognized a goodwill impairment charge of $369.1 million and an intangible asset impairment charge of $10.0 million during the quarter.
Interest and other expenses, net, were $25.4 million, slightly higher than $24.6 million in the previous year. This increase was due to higher realized exchange losses.
The company reported a net loss of $381.6 million for the quarter, compared to a net loss of $740.0 million in the previous year.
E2open Parent Holdings Inc. Class A had $151.2 million in cash and cash equivalents as of November 30, 2024, with $155.0 million of unused borrowing capacity under its revolving credit facility.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the E2open Parent Holdings Inc.Class A quarterly 10-Q report dated January 10, 2025. To report an error, please email earnings@qz.com.