Revenue $61.8, 42% y-o-y growth
Gross profit $41.3
gross margin 67% up from 59% y-o-y
Sales $50, R&D 27.5 G&A $17.8, Loss from operations $54.4
deferred revenue $216M, $72 m cash and equivalents, increased their guidance for the next Qtr and full year.
The stock is up in AH (7%) to $13.65.
The margin growth, narrowing of loss are all good. If they can manage to double their current revenue and sustain the gross margin @65% the stock is of value. How much dilution we are looking between now and then, and will sga (sales and G&D) stabilize to the level of software industry standards?
I am sure between now and the above state, the stock will offer opportunity to buy. But not buying now.