Semrush (SEMR) Reports In-Line Q2 EPS, Offers Guidance

Semrush (NYSE: SEMR) reported Q2 EPS of ($0.06), in-line with the analyst estimate of ($0.06). Revenue for the quarter came in at $62.6 million versus the consensus estimate of $60.12 million.

GUIDANCE:

Semrush sees Q3 2022 revenue of $63.8-64.2 million, versus the consensus of $64 million.

• Non-GAAP net loss is expected to be in a range of $13 to $12 million, which includes incremental $7 to $5 million of one-time relocation costs related to the winding down of our Russia operations

Semrush sees FY2022 revenue of $251-253 million, versus the consensus of $249.3 million.

• Non-GAAP net loss is expected to be in a range of $32 to $28 million, which includes $11 to $10 million of one-time relocation costs related to the winding down of our Russia operations

For earnings history and earnings-related data on Semrush (SEMR) click here.

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