Procore Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 04, 2021 at 04:06 pm EDT
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Procore Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 131.99 million compared to USD 101.89 million a year ago. Net loss was USD 50.74 million compared to USD 15.95 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to USD 0.58 a year ago.
For the nine months, sales was USD 368.72 million compared to USD 290.78 million a year ago. Net loss was USD 214.19 million compared to USD 48.74 million a year ago. Basic loss per share from continuing operations was USD 2.71 compared to USD 1.8 a year ago.
Procore Technologies, Inc. is a global provider of cloud-based construction management software. The Company is focused on connecting and empowering the construction industryâs stakeholders, such as owners, general contractors, specialty contractors, architects, and engineers, to collaborate and access its capabilities from any location on any Internet-connected device. Its five integrated product categories, such as Preconstruction, Project Execution, Workforce Management, Financial Management, and Construction Intelligence automate workflows, provide real-time visibility, offer advanced analytics, and support collaboration across key stages of the construction project lifecycle. Each of its products can be accessed from the office or the jobsite on computers, smartphones, and tablets, enabling users to work wherever the job requires. Its open application programming interfaces and its application marketplace allow customers to integrate its products with their internal systems.
PROCORE TECHNOLOGIES, INC. 
