These assumptions, uncertainties and risks include that, among others: we may not be able to sustain our revenue and customer growth rate in the future; price increases have and may continue to negatively impact demand for our products, customer acquisition and retention and reduce the total number of customers or customer additions; our business would be harmed by any significant interruptions, delays or outages in services from our platform, our API providers, or certain social media platforms; if we are unable to attract potential customers through unpaid channels, convert this traffic to free trials or convert free trials to paid subscriptions, our business and results of operations may be adversely affected; we may be unable to successfully enter new markets, manage our international expansion and comply with any applicable international laws and regulations; we may be unable to integrate acquired businesses or technologies successfully or achieve the expected benefits of such acquisitions and investments; unstable market and economic conditions, such as recession risks, effects of inflation, labor shortages, supply chain issues, high interest rates, and the impacts of current and potential future bank failures and impacts of ongoing overseas conflicts, could adversely impact our business and that of our existing and prospective customers, which may result in reduced demand for our products; we may not be able to generate sufficient cash to service our indebtedness; covenants in our credit agreement may restrict our operations, and if we do not effectively manage our business to comply with these covenants, our financial condition could be adversely impacted; any cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks on which we rely could negatively affect our business; and changing regulations relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information and harm our brand.
For more information about Sprout Social (NASDAQ: SPT), visit sproutsocial.com/about/allbusinessissocial/ Social Media Profiles: ContactMedia:Kaitlyn GronekEmail: pr@sproutsocial.comPhone: (773) 904-9674 Investors:Lexi JohnsonEmail: lexi.johnson@sproutsocial.com Phone: (312) 528-9166 About Sprout Social Sprout Social is a global leader in social media management and analytics software, built on the belief that All Business is Social℠.
Sprout Social expanded and reimagined its core Social Media Management platform with AI-driven customer care, employee advocacy, analytics and influencer marketing solutions—releasing over 200 new product capabilities in 2024 alone.
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