PowerSchool Hosts 2023 Investor Day to Showcase Its Strategies and Positioning for Sustainable Profitable Growth
14 Setembro 2023 - 9:45AM
Business Wire
Management to outline its path to $1 billion in
revenue and 36% Adjusted EBITDA margin by 2026
PowerSchool Holdings, Inc. (NYSE: PWSC) (“PowerSchool” or the
“Company”), the leading provider of cloud-based software for K-12
education in North America, will host today its first Investor Day
in New York.
At the event, PowerSchool’s management team will present a view
of the Company’s long-term strategy, the sizable revenue and
profitability growth opportunities in the global K-12 education
sector, and 2026 financial targets. Specifically, management will
provide insights into the following elements of the business:
- Platform Advantage: The differentiated and broad
platform of solutions that has been built over the last 25 years,
providing a meaningful competitive moat.
- Attractive Market Dynamics: PowerSchool participates in
a multi-trillion-dollar K-12 spending environment that has proven
remarkably resilient over the decades, and the under-investment in
efficiency-driving technology creates meaningful runway for
long-term growth.
- Cross-Selling Opportunity: PowerSchool has nearly $4
billion cross-selling whitespace remaining within the wide and deep
presence they have earned with over 80% of the U.S. and Canada K-12
market.
- International Expansion Opportunity: There is a
considerable international expansion opportunity to provide
PowerSchool’s platform to the over 1 billion students outside of
the U.S. and Canada.
- Innovation Engine: The progress in developing data and
AI-driven innovations that will drive a future of personalized
education for all students and teachers.
- TAM Expansion: How PowerSchool’s global TAM is expected
to increase ~10x with the initiatives underway.
- Differentiated Financial Model: Details on PowerSchool’s
sustainable and proven financial operating model and how that
drives margin and cash flow expansion.
- Long-Term Trajectory: Detailed 2026 objectives for key
financial and operating metrics.
“We are excited to host our inaugural Investor Day today and
look forward to showcasing PowerSchool’s significant runway for
continued profitable growth,” said Hardeep Gulati, PowerSchool CEO.
“We have a target of reaching $1 billion in revenue in 2026, and we
will outline how our platform, presence, and investments will drive
us to this goal while expanding our profitability meaningfully. We
expect our powerful combination of predictable revenue in a very
large and durable market, continued adoption of our broad platform,
differentiated solution innovations, and durable financial model
will drive significant shareholder value over the long-term.”
The event will be webcast and registration details are available
at PowerSchool’s Investor Relations website under “Events &
Presentations.” Presentation materials are available at the same
site, and a webcast replay will be made available after the event
concludes.
About PowerSchool
PowerSchool (NYSE: PWSC) is the leading provider of cloud-based
software for K-12 education in North America. Its mission is to
empower educators, administrators, and families to ensure
personalized education for every student journey. PowerSchool
offers end-to-end product clouds that connect the central office to
the classroom to the home with award-winning products including
Schoology Learning and Naviance CCLR, so school districts can
securely manage student data, enrollment, attendance, grades,
instruction, assessments, human resources, talent, professional
development, special education, data analytics and insights,
communications, and college and career readiness. PowerSchool
supports over 50 million students in more than 90 countries and
over 16,000 customers, including more than 90 of the top 100
districts by student enrollment in the United States. Learn more at
powerschool.com.
Forward-Looking Statements
Any statements made in this press release that are not
statements of historical fact, including statements about our
beliefs and expectations, are forward-looking statements and should
be evaluated as such. Forward-looking statements include
information concerning possible or assumed future results of
operations, including our financial outlook and descriptions of our
business plan and strategies. Forward-looking statements are based
on PowerSchool management’s beliefs, as well as assumptions made
by, and information currently available to, it. You can identify
forward-looking statements by the fact that they do not relate
strictly to historical or current facts. These statements may
include words such as “anticipate,” “estimate,” “expect,”
“project,” “plan,” “intend,” “believe,” “may,” “will,” “should,”
“can have,” “likely,” and other words and terms of similar meaning
in connection with any discussion of the timing or nature of future
product development and their benefits, and future operating or
financial performance or other events. Because such statements are
based on expectations as to future financial and operating results
and are not statements of fact, actual results may differ
materially from those projected. Factors which may cause actual
results to differ materially from current expectations include, but
are not limited to: economic uncertainty, including high inflation,
high interest rates, foreign currency exchange volatility, concerns
of economic slowdown or recession, instability of the banking
system, and reduced government spending or suspension of investment
in new or enhanced projects; our history of cumulative losses;
competition; our ability to attract new customers on a
cost-effective basis and the extent to which existing customers
renew and upgrade their subscriptions; our ability to sustain and
expand revenues, maintain profitability, and to effectively manage
our anticipated growth; our ability to retain, hire, and integrate
skilled personnel including our senior management team; our ability
to identify acquisition targets and to successfully integrate and
operate acquired businesses; our ability to maintain and expand our
strategic relationships with third parties, including with state
and local government entities; the seasonality of our sales and
customer growth; our reliance on third-party software and
intellectual property licenses; our ability to obtain, maintain,
protect, and enforce intellectual property protection for our
current and future solutions; the impact of potential information
technology or data security breaches or other cyber-attacks or
other disruptions; and the other factors described under the
heading “Risk Factors” in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2022, and our most recent Quarterly
Report on Form 10-Q, each filed with the Securities Exchange
Commission (“SEC”). Copies of such filing may be obtained from the
Company or the SEC.
We caution you that the factors referenced above may not contain
all of the factors that are important to you. In addition, we
cannot assure you that we will realize the benefits, results, or
developments we expect or anticipate or, even if substantially
realized, that they will result in the consequences or affect us or
our operations in the way we expect. All forward-looking statements
reflect our beliefs and assumptions only as of the date of this
press release. We undertake no obligation to update forward-looking
statements to reflect future events or circumstances except as
required by law.
© PowerSchool. PowerSchool and other PowerSchool marks are
trademarks of PowerSchool Holdings, Inc. or its subsidiaries. Other
names and brands may be claimed as the property of others.
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version on businesswire.com: https://www.businesswire.com/news/home/20230914520232/en/
Investor Contact: Shane Harrison
investor.relations@powerschool.com 855-707-5100 Media
Contact: Beth Keebler public.relations@powerschool.com
503-702-4230
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