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BrianLTS
2021-08-11

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Unity gains 2% after Q2 beat, strong revenue guidance

Unity Software(NYSE:U)isup 2.2%after hours followingsecond-quarter earningswhere it topped consensus

Unity gains 2% after Q2 beat, strong revenue guidance

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Its dollar-based net expansion rate was 142% (flat).</li>\n <li>Net cash used in operations was $26.7 million, vs. an operating inflow of $16.6 million a year ago. And free cash flow was -$33.5 million, vs. a year-ago $4.9 million. Liquidity was $1 billion vs. $0.5 billion a year ago.</li>\n <li>The company also has anagreement to acquire Parsec, a high-performance remote desktop and streaming technology company, for about $320 million in cash.</li>\n <li>And it'sadded Tory Burch's Keisha Smith-Jeremie to its board.</li>\n <li>Conference call to come at 5 p.m. ET.<img src=\"https://static.tigerbbs.com/9c156fa8c5f874fcee1082cccbe3544e\" tg-width=\"708\" tg-height=\"522\" width=\"100%\" height=\"auto\"></li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Unity gains 2% after Q2 beat, strong revenue guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Operate Solutions, $182.9 million (up 63%); Strategic Partnerships and Other, $18.3 million (up 9%).\nOperating loss narrowed on a non-GAAP basis to $3.2 million vs. a year-ago loss of $8.7 million.\nIn operating metrics, it notes 888 customers each generated more than $100,000 in revenue over the trailing 12 months, vs. a year-ago 716. 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Liquidity was $1 billion vs. $0.5 billion a year ago.\nThe company also has anagreement to acquire Parsec, a high-performance remote desktop and streaming technology company, for about $320 million in cash.\nAnd it'sadded Tory Burch's Keisha Smith-Jeremie to its board.\nConference call to come at 5 p.m. ET.","news_type":1,"symbols_score_info":{"QTWO":0.9,"UNTY":0.9}},"isVote":1,"tweetType":1,"viewCount":1740,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":15,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Unity gains 2% after Q2 beat, strong revenue guidance

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