UPLAND SOFTWARE, INC. (NASDAQ:UPLD) Files An 8-K Results of Operations and Financial Condition
Item 2.02Results of Operations and Financial Condition.
Upland Software, Inc. (the “Company”) hereby amends its Form 8-K furnished onMarch 7, 2019, to update the disclosure therein to reflect the reclassification of $890,000 in stamp taxes paid in connection with acquisitions in the United Kingdom and Ireland from the related purchase price allocation to acquisition-related expense. As a result of the reclassification, the Company’s GAAP net income for the quarter was $1.8 million instead of $2.7 million and the Company’s GAAP net loss for the year was $10.8 million instead of $9.9 million. Adjusted EBITDA was unchanged for all periods.
For additional information, please see our Annual Report on Form 10-K for the year ended December 31, 2018, including our audited financial statements in Item 8 and a further discussion of the reclassification in Item 9B. The filing of this Form 8-K/A and the furnishing of the information contained herein is not intended to, and does not, constitute a determination or admission by the Company as to the materiality of any information contained herein or in any exhibit hereto or that the information provided includes material investor information that was not previously publicly available.
About UPLAND SOFTWARE, INC. (NASDAQ:UPLD)
Upland Software Inc. is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations. Its software applications serve a range of enterprise work management needs, from strategic planning to task execution. It services customers ranging from corporations and Government agencies to small- and medium-sized businesses. Its customers operate in a range of industries, including financial services, retail, technology, manufacturing, education, consumer goods, media, and telecommunications, Government, food and beverage, healthcare and life sciences, chemicals and travel and hospitality. The Company provides a family of cloud-based enterprise work management software applications under the Upland brand.
