Procore Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 08:05 pm
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Procore Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 247.91 million compared to USD 186.43 million a year ago. Net loss was USD 43.85 million compared to USD 71.21 million a year ago. Basic loss per share from continuing operations was USD 0.31 compared to USD 0.52 a year ago. Diluted loss per share from continuing operations was USD 0.31 compared to USD 0.52 a year ago.
For the nine months, sales was USD 689.97 million compared to USD 518.15 million a year ago. Net loss was USD 160.18 million compared to USD 215.75 million a year ago. Basic loss per share from continuing operations was USD 1.13 compared to USD 1.59 a year ago. Diluted loss per share from continuing operations was USD 1.13 compared to USD 1.59 a year ago.
Procore Technologies, Inc. is a global provider of cloud-based construction management software. The Company is focused on connecting and empowering the construction industryâs stakeholders, such as owners, general contractors, specialty contractors, architects, and engineers, to collaborate and access its capabilities from any location on any Internet-connected device. Its five integrated product categories, such as Preconstruction, Project Execution, Workforce Management, Financial Management, and Construction Intelligence automate workflows, provide real-time visibility, offer advanced analytics, and support collaboration across key stages of the construction project lifecycle. Each of its products can be accessed from the office or the jobsite on computers, smartphones, and tablets, enabling users to work wherever the job requires. Its open application programming interfaces and its application marketplace allow customers to integrate its products with their internal systems.
PROCORE TECHNOLOGIES, INC. 
