BILL HOLDINGS Reports Fiscal Year 2023 Q4 Earnings Results on August 17th
August 30, 2023
🌥️Earnings Overview
On August 17 2023, BILL HOLDINGS ($NYSE:BILL) released their financial results for the fourth quarter of the fiscal year 2023, ending on June 30 2023. Revenue for the quarter was USD 296.0 million, which represented a 47.8% jump from the same quarter in the prior year. Net income for the quarter amounted to USD -15.9 million, a marked improvement from the -84.9 million reported in the fourth quarter of FY2022.
Market Price
On Thursday, August 17th, BILL HOLDINGS reported their fiscal year 2023 Q4 earnings results. The stock opened at $104.5 on that day before closing the day at $101.6, a 3.2% decrease from its last closing price of 105.0. This dip in the stock’s value was likely due to investors’ reaction to the report’s results, as well as other market conditions on the day.
Analysts were expecting the report to show improvements in profitability and growth across BILL HOLDINGS’ markets. The company will need to reassess their strategy and performance in order to improve its stock performance and regain investor confidence. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bill Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.06k | -223.72 | -21.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bill Holdings. More…
| Operations | Investing | Financing |
| 187.77 | 259.29 | 235.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bill Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.64k | 5.55k | 38.45 |
Key Ratios Snapshot
Some of the financial key ratios for Bill Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 88.7% | – | -27.9% |
| FCF Margin | ROE | ROA |
| 14.8% | -4.5% | -1.9% |
Analysis
At GoodWhale, we analyze BILL HOLDINGS‘s financials to provide investors with an understanding of the risks associated with investing in the company. Overall, our Risk Rating indicates that BILL HOLDINGS is a medium risk investment in terms of financial and business aspects. However, we have detected two risk warnings in the company’s cash flow statement, both of which are non-financial in nature. To see more details on these risks, please register on goodwhale.com and get access to our comprehensive analysis. Our experts will be able to provide additional insights and information on the financials of BILL HOLDINGS to help you make an informed investment decision. More…
Peers
In the world of online bill pay and invoicing, there are a few major players. Bill.com Holdings Inc is one of the largest, and its main competitors are HRSoft Inc, Fujian Boss Software Corp, and Primeton Information Technologies Inc. While all four companies offer similar services, there are some key differences that set them apart.
– HRSoft Inc ($OTCPK:WSTM)
Fujian Boss Software Corp is a Chinese company that specializes in providing software and services for businesses. The company has a market cap of 10.67B as of 2022 and a Return on Equity of 12.26%. Fujian Boss Software Corp is a publicly traded company on the Shenzhen Stock Exchange.
– Fujian Boss Software Corp ($SZSE:300525)
Primeton Information Technologies Inc is a Chinese holding company that provides information technology services. The company has a market cap of 2.03B as of 2022 and a return on equity of 1.53%. Primeton Information Technologies Inc is a leading provider of information technology services in China. The company offers a full range of IT services, including consulting, system integration, software development, and outsourcing. Primeton Information Technologies Inc is headquartered in Beijing, China.
Summary
BILL HOLDINGS reported their financial results for the fourth quarter of the fiscal year 2023, with total revenue of USD 296.0 million and net income of -15.9 million. This represents a 47.8% increase in revenue and a significant improvement in net income from -84.9 million from FY2022 Q4. Despite this, the stock price for the company moved down the same day, suggesting that investors remain wary of the company’s potential to continue to deliver strong returns. Further analysis is needed to evaluate the long-term prospects of BILL HOLDINGS.
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