Monday 8/6 (after markets close) - Talend, Twilio
Tuesday 8/7 (after markets close) - New Relic, Hortonworks
Wednesday 8/8 (after markets close) - Alteryx
Thursday 8/9 (after markets close) - The Trade Desk
Just wanted to make sure everyone is aware. These are the ones I saw that seemed relevant to this board. If there are others, please let me know.
Bear
Tues am CRSP, LGIH
ahs ALRM,BOFI,HDP,INFN
Weds ahs MELI, NKTR
Rob
WK amc today
Wednesday SAIL, NTES, YELP, BKNG
Thursday GOOS, DBX, RDFN, OLED, SNCR
WK posted solid numbers with their largest clients growing over 33% [over 100k and 150k in sales].
Up 20% today.
WK posted solid numbers with their largest clients growing over 33% [over 100k and 150k in sales].
Naj,
Care to do a quick summary post on Workiva (Ticker: WK)?
From a quick glance, their share price appreciation is quite intriguing when paired with a market cap under $1 billion, but I know nothing about them yet. I see that their revenue each of the past 2 quarters has been just under $60M, and it looks like they’ve had positive CFFO for the 4 quarters prior to this just announced one (and I didn’t look close enough to see if that continued, but guessing it did).
Thanks,
volfan84
Naj,
Care to do a quick summary post on Workiva (Ticker: WK)?
From a quick glance, their share price appreciation is quite intriguing when paired with a market cap under $1 billion, but I know nothing about them yet. I see that their revenue each of the past 2 quarters has been just under $60M, and it looks like they’ve had positive CFFO for the 4 quarters prior to this just announced one (and I didn’t look close enough to see if that continued, but guessing it did).
Thanks,
volfan84
Wait a second, you aren’t Gary Alexander, are you naj?
https://seekingalpha.com/article/4196247-workiva-boring-anym…
volfan84
No, I don’t post on SA.
Workiva posted good numbers last night, up 8.5% today after participating in the big rally yesterday, up 74% YTD. Large clients grew 32% this Q.
Stock up 33% since last Q’s earnings report.
WK posted great numbers again last month when they reported sales up 18%, Gross Margin 73%:
‘Workiva earnings topped views by 10 cents with a loss of $199,000, or zero cents per share. Revenue rose 18% to $64.4 million, modestly beating. Workiva earnings guidance was above views for Q1 with a bigger-than-expected loss for the full year, but its revenue guidance was above consensus for Q1 and 2019.’
Stock up 40% YTD, and has doubled since I first mentioned it 7 months ago.
CEO: 'As I’ve talked about before, organizations have made huge investments in ERP systems that provide transactional data, which is the source for numerous reports to executives, shareholders, regulators and tax authorities. Amazingly, these reports are still being created manually using e-mail, spreadsheets and word processors. The inefficiencies and risks associated with these manual processes are becoming widely recognized, driving the need for financial transformation in organizations all over the world. Wdesk is the only cloud platform that provides data assurance and connected reporting throughout the entire reporting process, from ERP data all the way to final reports…
We also continue to win awards, just last week Fortune Magazine named Workiva one of the 100 best companies to work for across all industries. This year, we are the youngest company to make that list. And in January, Fortune named Workiva one of the best workplaces for technology.’
CFO:"Billings, defined as the sum of quarterly revenue in change in both deferred revenue and customer deposits, rose 28% sequentially in Q4 from Q3…Our progress with larger contracts is encouraging for annual contract value of $100,000-plus. We had 443 customers in the fourth quarter, up 37% from Q4 last year. ’
https://finance.yahoo.com/news/edited-transcript-wk-earnings…
WK posted great numbers again last month when they reported sales up 18%, Gross Margin 73%:
Stock up 40% YTD, and has doubled since I first mentioned it 7 months ago.
WK now up 70% ytd, 141% in 12 months, I am going to take profits. Stock will report in a few weeks.
Here’s the Q1 report for anyone who cares:
https://s21.q4cdn.com/997645077/files/doc_financials/2019/q1…
WK up 13% after reporting Q2 earnings.
https://finance.yahoo.com/news/workiva-announces-second-quar…
Revenue: Total revenue for the second quarter of 2019 reached $73.5 million, an increase of 24.3% from $59.1 million in the second quarter of 2018. Subscription and support revenue contributed $60.5 million, up 23.8% versus the second quarter of 2018. Professional services revenue was $13.0 million, an increase of 26.4% compared to the same quarter in the prior year.
Gross Profit: GAAP gross profit for the second quarter of 2019 was $52.8 million compared with $42.8 million in the same quarter of 2018. GAAP gross margin was 71.8% versus 72.4% in the second quarter of 2018. Non-GAAP gross profit for the second quarter of 2019 was $53.6 million, an increase of 24.1% compared with the prior year’s second quarter…
Customers: Workiva had 3,421 customers as of June 30, 2019, a net increase of 199 customers from June 30, 2018.
Revenue Retention Rate: As of June 30, 2019, Workiva’s revenue retention rate (excluding add-on revenue) was 95.4%, and the revenue retention rate including add-on revenue was 114.5%. Add-on revenue includes changes for existing customers in new solutions, new seats and pricing.
Large Contracts: As of June 30, 2019, Workiva had 558 customers with an annual contract value (ACV) of more than $100,000, up 52.5% from 366 customers at June 30, 2018. Workiva had 238 customers with an ACV of more than $150,000, up 47.8% from 161 customers in the second quarter of 2018.