BLACKBAUD INC
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
BLKB$54.92+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive (Unaudited)
| Blackbaud, Inc.Condensed Consolidated Statements of Comprehensive Income (Loss)(Unaudited) | ||
|---|---|---|
| Three months endedMarch 31, | ||
| (dollars in thousands, except per share amounts) | 2024 | 2023 |
| Revenue | ||
| Recurring | $271,518 | $252,748 |
| One-time services and other | 7,732 | 9,005 |
| Total revenue | 279,250 | 261,753 |
| Cost of revenue | ||
| Cost of recurring | 119,188 | 114,500 |
| Cost of one-time services and other | 7,018 | 8,612 |
| Total cost of revenue | 126,206 | 123,112 |
| Gross profit | 153,044 | 138,641 |
| Operating expenses | ||
| Sales, marketing and customer success | 50,865 | 54,385 |
| Research and development | 42,802 | 40,591 |
| General and administrative | 47,754 | 52,838 |
| Amortization | 904 | 774 |
| Total operating expenses | 142,325 | 148,588 |
| Income (loss) from operations | 10,719 | (9,947) |
| Interest expense | (10,276) | (10,662) |
| Other income, net | 3,347 | 2,007 |
| Income (loss) before benefit for income taxes | 3,790 | (18,602) |
| Income tax benefit | (1,456) | (3,901) |
| Net income (loss) | $5,246 | $(14,701) |
| Earnings (loss) per share | ||
| Basic | $0.10 | $(0.28) |
| Diluted | $0.10 | $(0.28) |
| Common shares and equivalents outstanding | ||
| Basic weighted average shares | 52,052,370 | 52,132,999 |
| Diluted weighted average shares | 53,414,495 | 52,132,999 |
| Other comprehensive income (loss) | ||
| Foreign currency translation adjustment | $(1,185) | $2,158 |
| Unrealized gain (loss) on derivative instruments, net of tax | 4,095 | (10,692) |
| Total other comprehensive income (loss) | 2,910 | (8,534) |
| Comprehensive income (loss) | $8,156 | $(23,235) |
| The accompanying notes are an integral part of these condensed consolidated financial statements. | ||
| 4 | First Quarter 2024 Form 10-Q |
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