Revenue guidance for the current quarter was 39% at the high end. I expect they will blow that out of the water considering the huge uptick in paid customers noted in the tweets.
Revenue growth looks like this: 67 58 60 49
Billings: 47 52 47 47
Adjusted operating margins: -25% -38% -11% -13%
FCF: -34M -8M -19M -1M
Net retention rate: 132%
Yes, the margins aren’t Zoom-like, yet. However, they are improving. And as s revenue spikes and they will continue to gain operating leverage. So it seems fair to assume margins will be swinging to the positive sooner rather than later.
Thanks Kyle. Yes, I remember a couple folks here on the board linking to the CEO’s tweets. Does seem like we’re getting a signal that they’re seeing significant tailwinds. Which is important, because I agree with you – the slowing growth was keeping me out as well. So this would definitely be a Zoom-like play on the current situation.
A small position seems about right. Think I’ll dip a toe in. I’m holding too much cash anyway.
Bear