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SEMrush Holdings Swings to Q1 Non-GAAP Earnings as Revenue Rises; Issues Downbeat Revenue Guidance

05/11/2021 13:11

05:10 PM EDT, 05/11/2021 (MT Newswires) -- SEMrush Holdings (SEMR) on Tuesday reported Q1 non-GAAP earnings of $2.1 million, compared with a loss of $1.7 million a year ago.

Revenue rose to nearly $40 million from $27.8 million. That beat the projection of analysts polled by Capital IQ of $37.6 million.

The company expects Q2 revenue of $42.2 million to $42.7 million and a non-GAAP loss of $4.4 million to $4.1 million.

SEMrush projects 2021 revenue of $175 million to $177 million and non-GAAP loss of $7.9 million to $6.3 million.

The Street estimates revenue of $39.8 million in Q2 and $166.1 million in 2021.

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