Revenue slowed down from 101.49% to 84.51% So growth YoY in now out of the 100 percent range
Sequentially Revenue growth was at 10 percent slowing down.
Earnings per share was still negative and Operating margins was at -44.69 percent. Still not seeing expenses improve.
Customer growth coming down Sequentially and YoY. But still grew 39.50 percent YoY.
1 million dollar customers coming down but still grew 98 percent YoY
Revenue growth is still very high
The had FCF of $172.4 million this quarter
FcF YoY was $240.6 million
FcF per share was up to $.77 per share
They now have a FcF yield of 17.03
Their magic number is still one of the highest if not the highest at 101.54 consistently above 100
$ 5 billion cash no debt on books
NRRR at 174% very good
Cash per share at $4.49 going up every quarter making their P/S at 26.83 the lowest it has ever been (Price now $120.47 / $4.49 = 26.83)
Sales now at 1.4 billion YoY
This is a very solid company. Growth is coming down but that is to be expected I just hope they can stay above 50 percent growth for 5 years. That would make this an amazing investment. It’s NRRR is really good at 174 and it has an excellent Magic number. So as their growth is coming down their FcF margin is shooting up. This should keep it above 100 if they can keep executing. I wasn’t happy because of the growth drop but when I realized that they were growing FcF faster and the Magic Number was Basically the same it was a real bright spot to the report.
Magic Number Q321 Q421 Q122 Q222 Q322 Q422 Q123 Rev Gr % 118.63 117.20 110.37 104.44 109.52 101.49 84.51 FcF margin % -28.87 -14.48 -8.70 -3.47 1.73 6.66 17.03 Magic Number 89.76 102.72 101.67 100.97 111.25 108.15 101.54
A magic number above 40 is considered great yet Snow has kept it above 100 for 6 quarters now.