Benzinga | Apr 5, 2021 08:52AM EDT

E2open Sees FY 2021 Revs Will Meet/Exceed $335M Guidance; Sees Adj. EBITDA To Be Modestly Above Guidance

Preliminary Fiscal Year 2021 Financial Results and Fiscal Year 2022 Revenue Guidance Update

E2open announces preliminary results for the fiscal year 2021, which ended on February 28, 2021. E2open expects fiscal year 2021 revenue to meet or exceed guidance of $335 million and expects Adjusted EBITDA to be modestly above the guidance provided during the Company's combination with CC Neuberger Principal Holdings I through an investor presentation filed with the SEC on January 8, 2021 and later updated and filed with the SEC on March 9, 2021.

For the fiscal year 2022 which began on March 1, 2021, we anticipate approximately 10% organic revenue growth within a range of $367 to $371 million, above the guidance provided in the investor presentation on January 8, 2021, given the Company's continued business momentum.

The unaudited preliminary financial results represent the most current information available to the Company and are based on calculations or figures prepared internally, which have not been reviewed or audited by the Company's independent registered public accounting firm. The Company's actual results may differ materially from these unaudited preliminary financial results and non-GAAP adjustments due to the completion of its financial closing procedures and reviews.