During a recent earnings webcast, CEO Tooey Courtemanche said while backlog is strong, he has been communicating with businesses about their view of the economy. “In my outreach to the industry, I'm finding general optimism with some folks beginning to integrate more recession-proof work into their portfolios,” he said. Customer The customer growth excludes more than 3,000 customers of the former Levelset, which was purchased last year. Levelset contributed $7.3 million in revenue during the recently ended quarter. Overall, Procore lost $73.1 million, compared to a loss of $149.7 million in last year’s corresponding period. Second-quarter revenue of $172.2 million, up from $122.8 million a year ago. Courtemanche said a major factor shaping the construction market is the labor shortage, “Overall, demand still exceeds supply with labor continuing to be the primary limiting factor in meeting this demand,” he said. CFO Paul Lyandres gave guidance for the rest of 2022, which shows an expectation of continued strong growth. Revenue is expected to reach between $690 million and $694 million, including $29 million from Levelset with growth rising between 34 percent and 34 percent.