Alteryx (AYX) reported today after markets closed. Their conference call just finished. It was extremely positive, and it just sounds like they are growing as fast as they can. This is some incredible stuff:
Revenue: 38.6M (ticked up to 55% growth…wow), a $2.69M beat Adj. EPS: 0.02, a 0.05 beat Gross Profit: 32.3M, up 56% YoY Operating Expenses: 34.2M, up 31% YoY Operating Loss: 1.9M, down from 5.6M (down 66%!) YoY
Nice to see Gross Profit growing so much faster than expenses. Cashs Flow From Operations: 12.5M! (18.9M total in 2017) Dollar Based Net Revenue Retention Rate: 131%
Cutomers: 3,392 (up 46% YoY) New Customers this Quarter: 338 (up 11% sequentially!) Def Revenue: 113.7M New Def Rev this Quarter: 31.8M! Nice.
March 2018 quarter outlook
Revenue: 39M - 40M
Adj. EPS: $(0.06) to $(0.07)
Full year 2018 outlook
Revenue: 176M - 190M
Adj. EPS: $(0.24) to $(0.29) - ha! (I don’t think there’s any way they don’t beat that…they’ll probably raise guidance every quarter)
They were cash flow positive this year and said they will be again in 2018, but are expecting to invest more. Translation: Look for more fantastic growth to come!
Conclusion
Wow. This was an incredible quarter. Everything was accelerating, better than expected, and planning for an even bigger 2018. I couldn’t be more impressed.
nice summary Bear
glad i took a starter position here several weeks ago based on the board discussions here.
will be looking to add after digesting the cc transcript
I bought some $35 March calls at 3:59 today to take a swing. We’ll see how that goes.
Hold a >2% position shares-wise in AYX.
Went ahead and doubled my shares position this morning. Started to think about letting a portion of the $35 calls exercise, but decided that was silly to think about while I could still get shares for about $33, so I got 2nd “3rd” at $32.96.
Now to decide how long to ride those calls. The current bid/ask looks like more than a double.
Alteryx (AYX) reported today after markets closed. Their conference call just finished. It was extremely positive, and it just sounds like they are growing as fast as they can. This is some incredible stuff:
Sceptical old growth investors like me are more easily seduced by young companies when the eyelashes of cash flow flutter; thank you both Saul and Paul for your inputs on the company.
I’m another one who bought into this a few weeks ago based on the write ups on this board. Thank you all for all of the valuable information you share so generously.