Procore Technologies, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Procore Technologies, Inc. on November 2, 2022, with the earliest event reported on October 31, 2022. The filing primarily serves to announce the Company's financial results for the fiscal quarter ended September 30, 2022, and to disclose a change in executive leadership.
Key Financial Metrics
The filing references a press release (Exhibit 99.1) containing the detailed results of operations for the quarter ended September 30, 2022. However, the text of this Form 8-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Investors must refer to the attached press release for these figures.
Material Changes and Executive Departure
Effective October 31, 2022, Dennis Lyandres resigned from his position as Chief Revenue Officer. He has transitioned to a new role as Special Advisor to the CEO, where he will focus on areas of strategic importance to the Company's future success.
Guidance, Outlook, and Risks
The filing text does not contain specific guidance, outlook statements, risk factors, or management commentary beyond the reference to the attached press release. The document explicitly states that the information contained herein is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Key Facts for Investor Verification
- Verify the specific revenue and earnings figures for the quarter ended September 30, 2022, in the attached press release (Exhibit 99.1).
- Confirm the strategic scope of Dennis Lyandres' new role as Special Advisor to the CEO.
- Review the full press release for any updated forward-looking guidance or market commentary not included in this summary.