WalkMe $WKME stock broke above its 200 day moving average on December 30, 2022. The stock is in a technical weak uptrend.
WalkMe Ltd. Announces Third Quarter 2022 Financial Results
On November 15, 2022, WalkMe announced financial results for its third quarter ended September 30, 2022. The company reported both EPS and revenue beats. WalkMe reported Q3 non-GAAP EPS of (14c), versus the consensus estimate of (19c). The company reported Q3 revenue of $63.4M versus the consensus estimate of $62.97M.
WalkMe forecasts Q4 revenue of $62.9M to $64.9M versus the consensus estimate of $67.52M. The company sees Q4 Non-GAAP operating loss of $13.2 to $11.2 million.
“I’m pleased to see as we continue to transition our business to focus on large organizations with complex business processes that our customers are not pausing their efforts to optimize their organizations,” said Dan Adika, CEO of WalkMe. “Our progress with deploying WalkMe at scale is evidenced by our second quarter of greater than 60% growth for our DAP customers while also improving our operational efficiency and confident in our path to free cash flow positive in 2023.”