The Company is providing the following financial outlook for full year 2023:
Net revenue between $70 and $75 million.
Non-GAAP revenue between $60 million and $65 million.
Nogin is also setting its financial forecast for full year 2024 for non-GAAP revenue and adjusted EBITDA margin. The Company expects:
Non-GAAP revenue growth to be greater than 40% compared to full year 2023.
Adjusted EBITDA margin to be greater than 10%.
The expected impact of the Company’s cost and performance improvement program for the full year 2023 is still anticipated to be between $15 million and $20 million, based on initiatives completed in the first quarter. Since the initiation of our program, we have continued to identify technology driven savings opportunities, including some that will be a function of recently implemented and in-process A.I. (Artificial Intelligence) technology deployment and development.
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