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appian Appian Announces Third Quarter 2021 Financial Results November 4 , 2021 Cloud subscription revenue increased 36 % year - over - year to $ 46.7 million Subscriptions revenue increased 32 % year - over - year to $ 67.2 million MCLEAN , Va . , Nov. 04 , 2021 ( GLOBE NEWSWIRE ) Appian ( Nasdaq : APPN ) today announced financial results for the third quarter ended September 30 , 2021 . " Appian's cloud subscription revenue grew 36 % , which is above the top end our guidance . Appian is an ' engine for change ' that is unifying process mining , workflow , and automation within a single low - code platform . Companies are choosing Appian to adapt quickly to the increasing pace of change , " said Matt Calkins , CEO & Founder . Third Quarter 2021 Financial Highlights : • Revenue : Cloud subscription revenue was $ 46.7 million for the third quarter of 2021 , up 36 % compared to the third quarter of 2020. Total subscriptions revenue , which includes sales of our SaaS subscriptions , on - premises term license subscriptions , and maintenance and support , increased 32 % year - over - year to $ 67.2 million for the third quarter of 2021 . Professional services revenue was $ 25.2 million for the third quarter of 2021 , compared to $ 26.5 million for the third quarter of 2020. Total revenue was $ 92.4 million for the third quarter of 2021 , up 20 % compared to the third quarter of 2020. Cloud subscription revenue retention rate was 117 % as of September 30 , 2021 . • Operating loss and non - GAAP operating loss : GAAP operating loss was $ ( 22.9 ) million for the third quarter of 2021 , compared to $ ( 7.5 ) million for the third quarter of 2020. Non - GAAP operating loss was $ ( 13.5 ) million for the third quarter of 2021 , compared to $ ( 3.9 ) million for the third quarter of 2020 . • Net loss and non - GAAP net loss : GAAP net loss was $ ( 25.4 ) million for the third quarter of 2021 , compared to $ ( 3.6 ) million for the third quarter of 2020. GAAP net loss per share was $ ( 0.36 ) for the third quarter of 2021 , based on 71.1 million weighted - average shares outstanding , compared to $ ( 0.05 ) for the third quarter of 2020 , based on 69.9 million weighted - average shares outstanding . Non - GAAP net loss was $ ( 15.9 ) million for the third quarter of 2021 , compared to $ ( 34,000 ) for the third quarter of 2020. Non - GAAP net loss per share was $ ( 0.22 ) for the third quarter of 2021 , based on 71.1 million basic and diluted shares outstanding , compared to the $ ( 0.00 ) net loss per share for the third quarter of 2020 , based on 69.9 million basic and diluted shares outstanding . Third quarter of 2021 GAAP and non - GAAP net loss included $ 2.3 million , or $ ( 0.03 ) per share , of foreign exchange losses . We do not forecast foreign exchange rate movements ; hence , such movements were not included as part of our third quarter guidance . • Adjusted EBITDA : Adjusted EBITDA loss was $ ( 12.0 ) million for the third quarter of 2021 , compared to adjusted EBITDA loss of $ ( 2.4 ) million for the third quarter of 2020 . • Balance sheet and cash flows : As of September 30 , 2021 , Appian had total cash , cash equivalents , and investments of $ 188.5 million . Net cash used in operating activities was $ ( 25.1 ) million for the three months ended September 30 , 2021 compared to $ ( 6.5 ) million of net cash used in operating activities for the same period in 2020 . A reconciliation of GAAP to non - GAAP financial measures has been provided in the tables following the financial statements in this press release . An explanation of these measures is also included below under the heading " Non - GAAP Financial Measures . " Third Quarter 2021 Business Highlights : • Appian acquires Lana Labs , a leading process mining company and becomes the first recognized low - code vendor to unify process mining , workflow , and automation . • Ocean Winds automates their complex business processes with Appian and reduces operating costs by 75 % . • The University of Texas at Dallas and Appian introduced a new course on Intelligent Automation for the 2021-2022 academic year , helping students establish a foundation for a low - code career . • Pandora Jewelry uses Appian Workforce Safety to support the health and safety of its US employees and to keep retail stores and logistic centers open . • Appian announced Wipro , NextWave , First Technology , KPMG Belgium , and Procensol as recipients of the 2021 International Partner awards . Financial Outlook :