FalconStor Software Announces Fourth Quarter and Full Year 2021 Results - Seite 2

• Subscription Revenue: 40% increase to $4.0 million, compared to $2.8 million during the full year of 2020
• Subscription Revenue % of Total Revenue: 28%, compared to 19% during the full year of 2020
• Total Revenue: $14.2 million, compared to $14.8 million during the full year of 2020
• Total Cost of Revenue: $2.0 million, compared to $1.8 million during the full year of 2020
• Total Operating Expenses: $11.6 million, compared to $11.1 million during the full year of 2020
• GAAP Net Income: $0.2 million, compared to $1.1 million during the full year of 2020
• Ending Cash: $3.2 million, compared to $1.9 million at the full year of 2020

Guidance

For 2022, we are providing the following full year guidance.

	2022 Guidance
Guidance (in $ millions)	Low	High
Total Revenues	14.2	15.5
Adjusted EBITDA *	3.2	3.9
%	23%	25%
Net Income	1.9	2.3
%	13%	15%
Rule of 40 (Revenue Growth % + Adjusted EBITDA %)	23	34

*Adjusted EBITDA adds back Non-Operating and Other Expenses and Income

Please click this link to see the accompanying financial charts.

Conference Call and Webcast Information

WHO: Todd Brooks, Chief Executive Officer, FalconStor and Vincent Sita, Chief Financial Officer, FalconStor

WHEN: Wednesday, March 9, 2022 4:00 PM Central; 5:00 PM Eastern

To register for our earnings call, please click the following link:

FALCONSTOR FOURTH QUARTER 2021 FINANCIAL TELECONFERENCE AND PRESENTATION

As an alternative, you can copy and paste the following link into your web browser to register:

https://register.gotowebinar.com/register/852020777587666192

Conference Call:
Please dial the following if you would like to interact with and ask questions to FalconStor hosts:
Toll Free: 877-568-4108
Access Code: 399-172-649

About FalconStor Software

FalconStor is the trusted data protection software leader modernizing disaster recovery and backup operations for the hybrid cloud world. The Company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage and long-term retention costs by up to 95%. More than 1,000 organizations and managed service providers worldwide standardize on FalconStor as the foundation for their cloud first data protection future. Our products are offered through and supported by a worldwide network of leading managed service providers, systems integrators, resellers, and original equipment manufacturers.

FalconStor and FalconStor Software are trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders.

Links to websites or pages controlled by parties other than FalconStor are provided for the reader's convenience and information only. FalconStor does not incorporate into this release the information found at those links nor does FalconStor represent or warrant that any information found at those links is complete or accurate. Use of information obtained by following these links is at the reader's own risk.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220309006014/en/