APPIAN CORPORATION Reports Second Quarter Earnings Results for FY2023 on August 3, 2023
August 9, 2023
🌥️Earnings Overview
On August 3, 2023, APPIAN CORPORATION ($NASDAQ:APPN) announced the earnings results for the second quarter of FY2023 (ending June 30, 2023). Total revenue in the quarter was USD 127.7 million, a 16.0% increase from the same period of the prior year. Net income for the quarter decreased from the prior year, coming to USD -42.4 million, compared to -49.4 million from the last year.
Price History
The stock opened the day at $47.7 and closed the day at $48.2, a 0.5% decline from the previous closing price of 48.4. The company’s strong performance was attributed to robust demand for their innovative products and services, as well as prudent cost-management strategies. Overall, APPIAN CORPORATION has seen positive growth in the second quarter of FY2023 and remains optimistic about their future outlook. Investors should watch the company closely for potential changes in their stock prices going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Appian Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 506.61 | -157.6 | -31.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Appian Corporation. More…
| Operations | Investing | Financing |
| -93.49 | -15.68 | 203.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Appian Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 612.36 | 531.72 | 1.1 |
Key Ratios Snapshot
Some of the financial key ratios for Appian Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.8% | – | -28.5% |
| FCF Margin | ROE | ROA |
| -20.9% | -91.6% | -14.7% |
Analysis
GoodWhale has conducted an analysis of APPIAN CORPORATION‘s wellbeing and according to our Star Chart, APPIAN CORPORATION is classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. We have determined that this kind of company could be attractive to certain types of investors looking for high growth potential despite the associated risks. However, our assessment of APPIAN CORPORATION’s health score has revealed a low rating of 3/10, indicating that it may be less likely to pay off debt and fund future operations. From our review of the company’s performance, we have determined that it is strong in terms of growth, medium in terms of asset and weak in terms of dividend and profitability. More…
Peers
Its competitors include MiMedia Holdings Inc, Zenvia Inc, and CCC Intelligent Solutions Holdings Inc.
– MiMedia Holdings Inc ($TSXV:MIM)
As of 2022, ViMedia Holdings Inc has a market cap of 8.46M and a Return on Equity of 55.92%. ViMedia is a provider of video streaming services. The company was founded in 2004 and is headquartered in New York, NY.
– Zenvia Inc ($NASDAQ:ZENV)
return on equity (ROE) is a measure of profitability that calculates how much profit a company generates with the money shareholders have invested. The higher the ROE, the more profitable the company is for its investors.
Zenvia Inc has a market cap of 72.23M as of 2022 and a ROE of -3.81%. This means that the company is not very profitable for its investors. The company provides mobile marketing and communication solutions.
– CCC Intelligent Solutions Holdings Inc ($NYSE:CCCS)
The company’s market cap is 5.28B as of 2022 and its ROE is -6.42%. The company provides intelligent solutions that enable businesses to make better decisions, improve operational efficiencies and optimize customer engagement. It offers a suite of products and services that include business intelligence, data management, advanced analytics, predictive analytics, and custom application development.
Summary
APPIAN CORPORATION reported strong second quarter results for FY2023 with total revenue increasing 16.0% year-over-year to 127.7 million USD. Net income for the quarter was -42.4 million USD, a decrease from the previous year, but still representing a positive overall performance. Investors should take into consideration the long-term outlook when assessing APPIAN CORPORATION as an investment option, as the company is well positioned to take advantage of current trends in the industry. Furthermore, the company’s management team has historically demonstrated a commitment to making intelligent decisions that will ensure long-term success.
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