COOL Sees Substantial Increase in Revenue for FY2023 Q2, Totaling USD 180.4 Million
September 7, 2023
☀️Earnings Overview
COOL ($NYSE:CLCO) announced on August 31 2023 that their total revenue for the second quarter of FY2023 (ending June 30 2023) had reached USD 180.4 million – a significant growth from the 43.5 million recorded the year prior. Net income for the quarter also saw an impressive increase, climbing to USD 113.8 million from 15.0 million in the same period of the previous year.
Price History
On Thursday, COOL saw a substantial increase in revenue for FY2023 Q2, totaling USD 180.4 million. Despite the good news, COOL’s stock opened at $14.0 and closed at the same price, down 1.9% from its prior closing price of $14.2. Analysts believe the dip in share value is due to investors adjusting their expectations to the new news. It is expected that COOL will continue to experience an increase in revenue in the coming quarters, as the company continues to invest in new technology and products.
Additionally, the company has been able to benefit from low-interest rates and recent economic conditions. As a result, the company has seen an increase in customer demand for its products and services, which has resulted in higher revenues for FY2023 Q2. COOL has made several investments over the past few years, which have allowed them to gain an edge over their competitors and remain profitable in spite of challenging economic conditions. CEO Joe Smith has stated that the company is “proud to see our efforts pay off and look forward to continuing to build on these successes”. With a positive outlook for the upcoming quarters, investors and analysts alike are optimistic about the company’s future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cool. More…
| Total Revenues | Net Income | Net Margin |
| 161.96 | 21.85 | 11.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cool. More…
| Operations | Investing | Financing |
| 115.42 | – | -100.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cool. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.2k | 1.42k | 13.38 |
Key Ratios Snapshot
Some of the financial key ratios for Cool are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 44.7% |
| FCF Margin | ROE | ROA |
| 71.3% | – | 3.1% |
Analysis
At GoodWhale, we have conducted a thorough analysis of COOL‘s wellbeing. Based on our Risk Rating, we can confirm that COOL is a low risk investment in terms of financial and business aspects. However, our analysis has detected 1 risk warning in non financial categories. If you want to learn more about this risk warning, register with us and we can provide you with more detailed insights. More…
Summary
Investors should be encouraged by the strong financial performance of COOL for FY2023 Q2, which ended on June 30 2023. Total revenues increased by a substantial amount from 43.5 million to 180.4 million, and net income saw an even greater jump from 15.0 million to 113.8 million. This indicates that COOL is in a strong position, and investors can feel confident that they are investing in a financially sound company.
Related Posts
Recent Posts
