This Weeks Reporting Festivities

Investing Strategies Abandoned Arctic Outpost #13
1

Companies of Interest:

FRPT - Reports on 5/8 Pre-Market

The last report included Revenue Growth of 43.09% YOY - second straight report of accelerating growth; along with a revenue Beat of 9.5%. Started to nip at this one on Friday before the Monday’s report - but; every time I enter a company just prior to earnings I get my brains beat out - a significant deterrent.

What to Expect:

…

HIMS - Reports 5/8 After the Close

Last Report they Beat on Revenue by 3.7% with Revenue Growth of 97%

What to Expect:

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INTA - Reports 5/8 After the Close

Last Report had Revenue Growth of 30.91% with a Revenue Beat of 5.27%.
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PLTR - Reports 5/8 After the Close

Last Report had Revenue Growth of 17.50% and a 1 Cent Beat on Non-GAAP EPS.

What to Expect:

…

AMPL - Reports 5/9 After the Close

AMPL had its 15 minutes of fame around these growth investing parts and then got summarily and hastily dumped. But - be that as it may, its last Report included Revenue Growth of 32.04% along with RPO increasing 39% YOY.
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DOCN - Reports on 5/9 Pre-Market

Last Report featured a Non-GAAP EPS Beat of by 9 Cents and Revenue Growth of 36.22%.
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ARRAY Tech - Reports 5/9 After the Close

Last Report featured Revenue Growth of 82.86% and a revenue Beat of better than 10%
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AXON - Reports on 5/9 After the Close

Last Report they Beat on Revenue by 9.9% with Revenue Growth of 54.49%
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UPST - Reports on 5/9 After the Close

Last Report: Just think Little Shop of Horrors. Still…a lucky contrarian just might get lucky.
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TOST - Reports 5/9 After the Close

https://www.pos.toasttab.com/

The last report included Revenue Growth of 50.20% YOY but the dreaded “Light Guidance” bit them in the rear.
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DV - Reports 5/10 After the Close

Had 26.07% YOY Revenue Growth on last Report
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TTD - Reports 5/10 After the Close

https://www.thetradedesk.com/

Last Report missed on Revenue by a fraction with Growth coming in at 24% YOY
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RBLX - Reports 5/10 Pre-Market

Last Report had Revenue Growth of 16.79%. while that don’t sound like all the much it was the third straight QTR of accelerating Revenue Growth
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Others of Ambivalent Interest:

ABNB - Up and down and all around.
DIS - They got a mess on their hands
DNUT - Who doesn’t like Crispy Creme
FVRR - Was “in” at one time.
YETI - Just because
LCID - see YETI.

All the Best,

7 Likes
2

Freshpet reported this morning with Revenue Growth of +26.7% Y/Y achieving s double digit slowdown from last reports +43.09%. In addition they re-affirmed their full year guidance:

Fans Reaction: Stock is down about 5-6%. Here is the Headline:

All the Best,

5 Likes
3

PLTR Reports:

Revenue Growth of +17.8% YOY and a Non-GAAP EPS Beat of 1 Cent.

  • Customer Count grew 41% YOY and 7% Qtr-over-Qtr.

  • U.S. Commercial Customer Count expanded 50% YOY.

  • Guidance for Q2 slightly under consensus but no-one seems to care.

Fan Reaction: Stock up 25-26% during After Hours trading. Impressive but seems over done.

All the Best,

5 Likes
4

HIMS Reports:

Revenue Growth of +88.3% YOY with a solid 6.5% Revenue Beat.

  • Subscribers continued to skyrocket to over 1.2 million representing 87% growth YOY.

  • Raised Full Year Guidance: From 810 - 830 million vs 755.20 million.

Fan Reaction: Stock currently up just over 6% during After Hours.

All the Best,

4 Likes
5

Intapp (INTA)

Reported today after the close and came in with Revenue Growth of +32.1% YOY and a Beat on Non-GAAP EPS by 3 Cents. The Revenue Beat came in at
healthy 5.1%:

Fans Reaction: Shares up 2.79% in AH trading.

All the Best,

4 Likes
6

Digital Ocean (DOCN) Reports

  • Revenue Growth of 29.7% YOY - a deceleration from 36.2% Revenue Growth its last QTR.

  • Beat on Revenue by the thinnest of cushions - less than 1%.

  • Miss on Non-GAAP EPS by 1 Cent.

  • NDRR fell from last Qtrs 117% to this Qtrs 107%

  • Repurchased almost 8 million shares.

  • Guided to $170M for Q2 representing Revenue Growth of 27%.

Fans Reaction: Stock up +1.6% Intraday.

All the Best,

3 Likes
7

ARRAY Tech Reports

ARRY is the company the company that makes the thingy that makes sure that the panels are positioned jusssssst right. Or something like that.

  • The company reported Revenue Growth of 25.4%.

  • Non-GAAP EPS Beat by 21 Cents

  • Gross Margins of 26.9%

  • FCF of $41.9M

Fans Reaction: Stock trading down about 6% After Hours.

All the Best,

1 Like
8

Amplitude (AMPL) Reports:

  • Revenue Growth of 25% YOY with a slim Revenue Beat of a little less than 2%.

  • Non-GAAP EPS Beat of 2 Cents

  • DBNR came in at 106%.

  • Guidance for Qtr 2 came in at 16.9% Revenue Growth.

All the Best,

9

AXON Reports:

AXON makes those taser thingys.

  • Revenue Growth of 34% along with a very healthy Revenue Beat of 7.2%.

  • Axon Cloud Revenue increased 51% YOY.

  • Annual Recurring Revenue grew 49% YOY.

Fan Reaction: Stock down just over 1% in After Hours Trading.

All the Best,

1 Like
10

Tost Reports:

Has a Cloud Based Platform for Restaurants that does restaurant stuff.

  • Reported Revenue Growth of 53.1% YOY along with an impressive Revenue Beat of 7.23%. Not too shabby!

  • ARR increased 55% YOY.

  • Added over 5,500 locations

  • Guidance for Qtr 2 Revenue Growth of 40.7%

Fan Reaction: Stock up 4.8% in After Hours Trading.

All the Best,

11

UPST Reports -

UPST has an AI algorithm that is intended to supplant the Credit Scores.

  • Revenue Growth came in at a negative 66%.

  • Guidance came in ahead of consensus

Upstart Announces First Quarter 2023 Results | Seeking Alpha

Fan Reaction: The stock was up just over 39% during After Hours trading. I dunno - I’m missing something here. Maybe they announced that Elon Musk is buying the company in the CC. Something.

All the Best,

6 Likes
12

Roblox Corporation (RBLX) Reports:

  • Revenue Growth came in at +22% YOY.

  • Bookings Increased 23% YOY.

  • DAUs increased by 22% YOY.

  • Average Bookings per DAU was $11.70 and flat YOY.

Fan Reaction: Stock initially tanked a bit out of the game but has since recovered and trading up by about 5-6% Intraday.

All the Best,

3 Likes
13

I think a lot of it was getting $2B in loan funding commitments from third-party vendors. That take s a lot of pressure off UPST carrying loans on its own books. I’d imagine that’s a major exhale for many.

2 Likes
14

I think you are exactly and exactly right with pinpoint accuracy. The entire knock on UPST was that it had to become a bank holding its own loans. And now it sounds like they have a beginning to ending that problem.

The bigger question is whether now is the time to follow what I assume the some of the hear will do - re-enter or not. Dunno yet.

All the Best,

15

The Trade Desk (TTD) Reports:

  • Revenue Growth came in at +21.4% YOY and the Revenue Beat was a pretty solid 5%.

  • Non-GAAP EPS was a Beat by 11 Cents.

  • Re-Purchased $293M of shares during the QTR with a remaining repurchase fund of just over $400M

  • Guidance for Q2 came in a little below consensus representing growth of about 19.9% at the high end - and IF you add in 10K (Average Beat) it gets up just over 22%.

The Trade Desk Non-GAAP EPS of $0.23 beats by $0.11, revenue of $382.8M beats by $18.47M (NASDAQ:TTD) | Seeking Alpha

Fan Reaction: Stock was up 2.6% in After Hours trading.

All the Best,

5 Likes