| Market Capitalization (Millions $) |
684 |
| Shares
Outstanding (Millions) |
60 |
| Employees |
1,362 |
| Revenues (TTM) (Millions $) |
482 |
| Net Income (TTM) (Millions $) |
-30 |
| Cash Flow (TTM) (Millions $) |
8 |
| Capital Exp. (TTM) (Millions $) |
4 |
Business Description
Sprout Social enables businesses to capitalize on the strength and potential that the move to social communication presents. Social media touches about half of the worlds population, impacts purchasing decisions, and has altered how the world communicates. Every day, billions of people share their interests, ideas, and beliefs with their social networks, and social media is being used to interact with and about businesses, organizations, and causes on an unprecedented scale. Social media has had an influence on virtually every part of company, from marketing, sales, and public relations to customer service, commerce, product, and strategy, necessitating the development of an altogether new category of software and an entirely new system of record. We provide our customers with a consolidated, secure, and powerful platform.
Our platform is easy-to-use and can be deployed rapidly by new customers without direct engagement from our sales or services teams. In 2021, the majority of our new customer revenue resulted from our trials and other inbound sources. Our 30-day free trial model allows prospective customers to set up and use our software within minutes and without assistance.
We operate a single code-base without the need for customizations or professional services, allowing us to efficiently scale our platform and quickly react to changes in the market. Relative to our primary competitors, our platform is the top user-rated social media management software across all major categories and customer segments according to G2, reinforcing our leading market position and brand.
We have proven success in the SMB, Mid-market and Enterprise segments, a healthy agency business and have balanced revenue and growth in each. We estimate that less than 5% of the millions of businesses on social media have adopted software solutions to centrally manage their social media efforts, providing a large, nascent opportunity to drive significantly increased market adoption of our solution and continued growth across all customer segments.
Company Address: 131 South Dearborn St. Chicago 60603 IL
Company Phone Number: 878-3231 Stock Exchange / Ticker: NASDAQ SPT
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195.32 %