BRAZE Reports Second Quarter Earnings for Fiscal Year 2023
September 14, 2023
🌥️Earnings Overview
BRAZE ($NASDAQ:BRZE) announced on July 31 2023, its earnings results for the second quarter of its fiscal year ending September 7 2023. The total revenue was USD 115.1 million, showing a 33.6% year-on-year growth. Net income in Q2 was reported as a loss of USD 31.7 million, which is an improvement on the corresponding period in the prior year, when a loss of USD 32.9 million was seen.
Price History
The stock opened at $46.8 and closed at $47.6, down by 0.1% from its last closing price of 47.7. This slight decrease in stock value is likely due to investors analyzing the numbers from BRAZE’s quarterly report. BRAZE’s second quarter earnings report indicates that the company saw a 2% increase in revenue from the first quarter, proving their ability to maintain solid financial results amid uncertain economic times. With an increase in revenue, BRAZE is showing signs of staying competitive and profitable in the market. The company also reported a 7% increase in operating expenses from the first quarter.
While this is a slight increase, it is still within normal bounds for a company that is rapidly growing. BRAZE has also made strides in their marketing campaigns and customer outreach, which led to an increase in customer satisfaction and loyalty. Despite a slight decrease in stock price, investors can rest assured that the company is continuing to thrive. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Braze. BRAZE_Reports_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 408.69 | -136.96 | -33.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Braze. BRAZE_Reports_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Operations | Investing | Financing |
| -18.88 | 1.79 | 13.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Braze. BRAZE_Reports_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 732.14 | 291.04 | 4.51 |
Key Ratios Snapshot
Some of the financial key ratios for Braze are shown below. BRAZE_Reports_Second_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 54.5% | – | -36.0% |
| FCF Margin | ROE | ROA |
| -6.6% | -21.0% | -12.6% |
Analysis
At GoodWhale, we conducted an analysis of BRAZE‘s fundamentals and found that it has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it is likely to be able to sustain future operations in times of crisis. We classified BRAZE as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. The strengths of BRAZE include assets and growth, while it is weak in dividend and profitability. This means that BRAZE would be attractive to investors who are looking for companies with strong growth potential, but who understand the risks of investing in a company with lower profitability. The potential rewards could be worth the risks for high-risk, high-return investors. More…
Peers
It competes with other customer engagement platforms such as Magmag Inc, Mango Excellent Media Co Ltd, and Meltwater NV, who all offer similar services.
– Magmag Inc ($TSE:4059)
Magmag Inc is a technology company that specializes in providing innovative products and services to businesses. The company has achieved a market cap of 1.62B as of 2022, making it one of the most successful companies in the industry. Furthermore, Magmag Inc boasts a healthy Return on Equity of 1.64%, indicating that its investors are rewarded with a steady stream of returns. This is a testament to the company’s long-term success and the potential that it has to continue growing in the future.
– Mango Excellent Media Co Ltd ($SZSE:300413)
Mango Excellent Media Co Ltd is a leading media company that provides a wide range of services, including television and radio broadcasting, advertising, film production, and new media services. As of 2022, the company has a market cap of 50.51B, which makes it one of the most valuable companies in the media industry. Furthermore, the company has achieved a Return on Equity of 6.11%, showing that the company is making good use of its resources and is well-positioned to continue its growth trajectory.
– Meltwater NV ($BER:92Y)
Meltwater NV is a global media intelligence and insights provider, offering data-driven solutions to help businesses understand the digital landscape. The company’s market cap is estimated at 428.59 million as of 2022, which is a reflection of its size and presence in the market. Additionally, Meltwater NV has a Return on Equity (ROE) of 37.38%, which is higher than the industry average and indicates the company’s strong financial performance.
Summary
Investors are cautiously optimistic about BRAZE‘s second quarter financial results for the fiscal year ending September 7, 2023. Total revenue for the quarter increased by 33.6% year-on-year, to USD 115.1 million. Despite this, the company reported a net loss of USD 31.7 million, which is an improvement on the prior year. As the company continues to invest in its growth plan, investors will be closely monitoring the performance of BRAZE in the coming quarters to assess if the company is on track for future success.
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