(DocuSign) Shares of DocuSign Inc. fell more than 20% on Friday after the company issued revenue guidance of between $579 million and $583 million in the first quarter of 2022.
The revenue guidance compared to reported revenue of $580.8 million in the fourth quarter of 2021, up 35% year-over-year.
The company’s subscription revenue was guided at between $562 million and $566 million in the first quarter of 2022. The revenue compares to a subscription revenue of $564.0 million in the fourth quarter of 2021, up 37% year-over-year.
For FY21, DocuSign reported revenue of $2.1 billion, up by 45% from the prior year, while subscription revenue was $2.0 billion, up 47% from the previous year.
Billings came at $670.1 million, up 25% from the prior year. The company guided billings of between $573 million and $583 million in the fourth quarter.
GAAP net loss per share was reported at $0.15 in the fourth quarter, narrower than a loss of $0.38 in the prior year. FY21 loss per share was $0.36, narrower than the loss per share of $1.31 in the prior year.
For FY22, the company expects total revenue of between $2.47 billion and $2.482 billion, while subscription revenue is expected at between $2.394 billion and $2.406 billion. Billings are projected at between $2.706 billion and $2.726 billion.
DOCU: NASDAQ is down -20.41%.
