Earnings Week Mar. 6 - Mar. 10
Earnings Week Mar. 6 - Mar. 10
SVB, Crowdstrike, Build-A-Bear, MongoDB, Jobs Report & More.
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Jobs Report
(compare to January data)
Nonfarm payrolls: +311,000 vs. +504,000
Unemployment rate: 3.6% vs. 3.4%
Average hourly earnings, month-on-month: +0.2% vs. +0.3%
Average hourly earnings, year-on-year: +4.6% vs. +4.4%
Labor force participation rate: 62.5% vs. 62.4%
Average weekly hours worked: 34.5 vs. 34.6
Inflation
Build-A-Bear
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q4 adjusted earnings of $1.30 came in $0.18 better than consensus expectations.
Meanwhile, an 11.6% jump in revenue year over year to $145.1M was $7.56M above estimates.
Gross profit margin rose 150 basis points year over year to 55%.
For fiscal 2023, total revenues to increase in the range of 5% to 7% versus 2022
The chain expects to open 20 to 30 new locations in 2023.
The company declared a $1.50/share special dividend.
Asana
For the transcript and press release click HERE
Q4 Non-GAAP EPS of -$0.15 beats by $0.12.
Revenue of $150.2M (+34.2% Y/Y) beats by $5.08M.
Asana CEO plans to buy 30M shares
Q1 of fiscal 2024
Revenues of $150.0 million to $151.0 million VS $150.29M consensus, representing year over year growth of 24% to 25%.
Non-GAAP operating loss of $40.0 million to $38.0 million.
Non-GAAP net loss per share of $0.19 to $0.18 vs -$0.23 consensus, assuming basic and diluted weighted average shares outstanding of approximately 215 million.
Fiscal year 2024
Revenues of $638.0 million to $648.0 million vs $645.91M consensus, representing year over year growth of 17% to 18%.
Non-GAAP operating loss of $130.0 million to $120.0 million.
Non-GAAP net loss per share of $0.59 to $0.55 vs -$0.80 consensus, assuming basic and diluted weighted average shares outstanding of approximately 219 million.
DocuSign
For the transcript and press release click HERE
Q4 Non-GAAP EPS of $0.65 beats by $0.13.
Revenue of $659.6M (+13.6% Y/Y) beats by $20.11M.
Subscription revenue was $643.7 million, an increase of 14% year-over-year. Professional services and other revenue was $15.9 million, a decrease of 5% year-over-year.
Billings were $739.0 million, an increase of 10% year-over-year.
1Q24 Guidance
Total Revenue: $639-643M vs $639.77M consensus.
Subscription revenue: $625-629M.
Billings: $615-625M.
Non-GAAP gross margin: 81-82%.
Non-GAAP operating margin: 21-22%.
FY24 Guidance
Total Revenue: $2695-2707M vs $2690M consensus.
Subscription revenue: $2633-2645M.
Billings: $2705-2725M.
Non-GAAP gross margin: 81-82%.
Non-GAAP operating margin: 21-23%.
DocuSign CFO Cynthia Gaylor to step down later this year, Company commences search process.
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Sea Limited
For the transcript and press release click HERE
I’ve also covered it on my channel.
Q4 Non-GAAP EPS of $0.72 beats by $1.27.
Revenue of $3.45B (+7.1% Y/Y) beats by $400M.
Crowdstrike
For the transcript and press release click HERE
Q4 Non-GAAP EPS of $0.47 beats by $0.04.
Revenue of $637.4M (+47.9% Y/Y) beats by $10.56M.
Annual Recurring Revenue increased 48% year-over-year and grew to $2.56 billion as of January 31, 2023, of which $221.7 million was net new ARR added in the quarter.
Subscription Gross Margin: GAAP subscription gross margin was 75%, compared to 76% in the fourth quarter of fiscal 2022. Non-GAAP subscription gross margin was 77%, compared to 79% in the fourth quarter of fiscal 2022.
Added 1,873 net new subscription customers in the quarter for a total of 23,019 subscription customers as of January 31, 2023, representing 41% growth year-over-year.
CrowdStrike’s module adoption rates were 62%, 39% and 22% for five or more, six or more and seven or more modules, respectively, as of January 31, 2023.
Q1 Outlook: Total revenue $674.9 - $678.2 million, Non-GAAP income from operations $107.1 - $109.5 million, Non-GAAP EPS $0.50 - $0.51.
2024 Outlook: Total revenue $2,955.1 - $3,014.8 million, Non-GAAP income from operation $474.0 - $518.7 million, Non-GAAP EPS $2.21 - $2.39.
JD.com
For the transcript and press release click HERE
Q4 Non-GAAP EPADS of $0.70 beats by $0.20.
Revenue of $42.8B (+7.1% Y/Y) beats by $190M.
JD.com declares $0.62 dividend
"We achieved profitable growth and strong cash flow for the quarter and full-year," said Sandy Xu, Chief Financial Officer of JD.com.
"While we explore new growth opportunities, we will continue our focus on financial discipline and technology-driven operational efficiency to build a solid foundation for JD.com’s future high-quality growth. Reflecting our healthy profitability and balance sheet and commitment to shareholder value, we are also pleased to continue to return value to shareholders in the form of a cash dividend."
MongoDB
For the transcript and press release click HERE
Q4 Non-GAAP EPS of $0.57 beats by $0.50.
Revenue of $361.31M (+35.6% Y/Y) beats by $23.4M.
Non-GAAP gross profit was $280.8 million, representing a 78% non-GAAP gross margin, compared to a non-GAAP gross margin of 74% in the year-ago period.
Continued Strong Customer Growth with Over 40,800 Customers as of January 31, 2023
MongoDB Atlas Revenue up 50% Year-over-Year; 65% of Total Q4 Revenue.
Q1 Outlook: Revenue $344.0 million to $348.0 million, Non-GAAP Income from Operations $10.0 million to $13.0 million, Non-GAAP EPS $0.17 to $0.20.
2024 Outlook: Revenue $1.480 billion to $1.510 billion, Non-GAAP Income from Operations $69.0 million to $84.0 million, Non-GAAP EPS $0.96 to $1.10.
Silicon Valley Bank
