Hi all
I have been following this Board since November 2017 and this is my first post.First I want to thank Saul and all the other great contributors for the improvement I have been able to make in my returns. You are all so generous with your time and expertise.
I have been following Attunity from the time I first noticed the stock on Zacks around mid 2018.
I don’t recall it being mentioned on this Board to date. At February 5 ,2018 they closed at $6.79 and currently they are $22.88 an increase of 337%. They are a fast grower but unlike many companies followed on this Board they are now operating profitably.Currently the Market Cap is $490m which is much smaller than the size of new companies generally introduced on this Board.
The company did a capital raising in December 2017 although they have a positive cash flow. Interestingly the CEO mentioned at the time that they did the raising to strengthen their Balance Sheet so as to improve their ability to deal with large companies that were potential customers.
Here is some information.
Their quarterly report for QTR ended 31 December 2018 was released on 31 January.Here are some extracts from the filing.
The company says
" Attunity is a leading provider of data integration and big data management software solutions that enable availability, delivery and management of data across heterogeneous enterprise platforms, organizations and the cloud. Our software solutions include data replication and distribution, test data management, change data capture (CDC), data connectivity, enterprise file replication (EFR), managed file transfer (MFT), data warehouse automation, data usage analytics and cloud data delivery.
Attunity has supplied innovative software solutions to its enterprise-class customers for over 20 years and has successful deployments at thousands of organizations worldwide. Attunity provides software directly and indirectly through a number of partners such as Microsoft, Oracle, IBM and Hewlett Packard Enterprise. Headquartered in Boston, Attunity serves its customers via offices in North America, Europe, and Asia Pacific and through a network of local partners."
I am no techo but to me they are in the same space as Alteryx. We all know how great AYX has been and the general view of it’s prospects.
Financial Extracts on performance from the QTR’s report follow
"Burlington, MA – January 31, 2019 – Attunity Ltd. (NasdaqCM: ATTU), a leading provider of data integration and big data management software solutions, today reported its unaudited financial results for the three-month period and year ended December 31, 2018.
“The fourth quarter was a very strong end to a record year for Attunity. In the quarter, we achieved license revenue growth of 67% year-over-year and total revenue growth of 42% year-over-year,” stated Shimon Alon, Chairman and CEO of Attunity. “We won a record number of strategic deals, demonstrating the value of our solution to companies building modern analytics and cloud solutions. In addition, we are seeing a higher attach rate of Attunity Compose, our solution for automating the delivery of analytics-ready data sets for data lakes and data warehouses, a trend we expect to see continue in 2019.”
“We are excited about the market opportunity and the momentum that we are seeing in our business as we continue to focus on building the company to reach over $200 million in revenue over the next several years. We are increasing investments in sales, marketing and product innovation, which we believe will enable us to capture a growing share of the large market opportunity, continue to win large, strategic accounts, and strengthen our leading brand in the data integration market,” concluded Mr. Alon.
Recent Operational Highlights
Closed several large deals, including:
o Over $2.0 million with an existing customer, a global bank, to support a broader deployment for their growing data lake, enabling modern,
real-time analytics.
o $1.0 million deal with a new customer, a large European bank, to integrate data from many enterprise data sources into its corporate data
lake.
o $1.4 million term-based deal with a new customer, a Global 2000 energy company, to facilitate their “cloud-first” strategy.
Launched Attunity for Data Lakes on Amazon Web Services (AWS) to automate streaming data pipelines.
Financial Highlights for the Fourth Quarter of 2018 compared with the Fourth Quarter of 2017
Total revenue was $26.0 million, compared with $18.3 million*
Operating profit was $2.4 million, compared with $0.2 million*
Non-GAAP operating profit was $4.0 million, compared with $1.6 million**
Net income was $2.5 million, compared with a net loss of $1.6 million*
Non-GAAP net income was $4.0 million, compared with non-GAAP net loss of $0.04 million** Cash flow from operations was $3.1 million, compared with cash from operations of $0.7 million
Cash and cash equivalents and short-term deposits were $44.2 million as of December 31, 2018, compared with $38.1 million as of September 30, 2018”
·
I know I have not followed the suggested Board template setting out quarterly results going back several quarters to illustrate their growth. However I do hope this post is of interest and generates further discussion on the company.
All the best
Aussiebattler.