Upland Software Posts $35.3M Q2 Loss, Deepening Red Ink
UPLD sits 52% above its 52-week low of $4 on elevated volume (4.6× avg).
Summary
Upland Software reported a Q2 net loss of $35.3 million, a significant deterioration from the reduced loss seen in Q1. The company has been under Nasdaq compliance pressure, having regained bid-price compliance in July but receiving a new deficiency notice in August for failing the $15 million minimum market value requirement. The CFO transition is underway, with Jennifer Simon taking over on August 17. Upland Software sees 2026 subscription and support revenue of $180 million to $185 million, and total 2026 revenue of $190.1 million to $196.1 million. For the third quarter, the company expects revenue of $45.7 million to $48.7 million and adjusted EBITDA of $11.9 million to $13.4 million. Second quarter adjusted EBITDA was $12.8 million.
At the time of this announcement, UPLD was trading at $6.07 on NASDAQ in the Technology sector, with a market capitalization of approximately $17.9M. The 52-week trading range was $4.00 to $39.10. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.