For Q2, IS reported 12.5% sequential revenue growth and 83% YoY growth. They recently raised guidance for FY 2021 by 13% to $515, which would represent 55% YoY growth.
2019: 37 45 46 52 = 180
2020: 61 74 88 108 = 331
2021: 120 135 ? ? = 515 estimated
Their guidance of 125-130 for Q3 would represent zero sequential growth and a 45% YoY growth rate. Perhaps management is cautious due to the uncertainty of the IDFA situation.
So they RAISED guidance for FY21 by 13% to a number that would represent ~55% YoY growth after realizing ~85% YoY growth FY19 to Fy20? And based on their current FY21 guidance they’re Q3 guidance of 125-130 would represent not only a flat Q3 but a flat Q4 as well (515-120-135-130=130), unless of course they plan on raising FY guidance again in Q3. But I wouldn’t make decisions on the hopes that a company will raise guidance…
Looks like growth may be at least stalling somewhat. Whether it’s temporary or not who knows. I know there are other numbers to consider but based on revenue growth alone it doesn’t look that compelling to me just yet.