|Q3 2016||Q3 2015||% Change||Q3 2016||Q3 2015||% Change|
|Revenue and Bookings:|
|Annual Recurring Revenue ("ARR")||n/a||n/a||n/a||114.8||93.8||22||%|
|Annual Contract Value ("ACV") bookings||n/a||n/a||n/a||5.6||4.5||25||%|
|Net Loss Per Share||(0.52||)||(0.61||)||nm||(0.19||)||(0.16||)||nm|
|Net cash provided by operating activities||2.2||4.8||(54||)%||2.2||4.8||(54||)%|
|Free Cash Flow||n/a||n/a||n/a||$||0.5||$||1.8||(72||)%|
PROS Holdings, Inc. (NYSE: PRO), a revenue and profit realization company, today announced financial results for the third quarter ended September 30, 2016. CEO Andres Reiner stated, "With another solid performance in the third quarter, we are pleased to see that our innovation and cloud strategies continue to help us drive growth and deliver great value to our customers. This has been a breakthrough year for PROS as we have passed several key milestones in our cloud transformation, reflected in our momentum in subscription revenue and annual recurring revenue. We are excited to see our strategic vision unfold as PROS solutions empower our customers to outperform in this era of modern commerce." Third Quarter 2016 Financial Highlights Key financial results for the fiscal third quarter are shown below. Throughout this press release, all dollar figures are in millions, except net loss per share. Unless otherwise noted, all results are on a reported basis and are compared to the prior-year period.
The attached tables provide a summary of PROS results for the period, including a reconciliation of GAAP to non-GAAP revenue, gross profit, income (loss) from operations, and net income (loss), as well as earnings (loss) per share.