COURSERA Reports 23.2% Year-Over-Year Increase in Total Revenue for Q2 FY2023
August 4, 2023
☀️Earnings Overview
COURSERA ($NYSE:COUR) reported total revenue of USD 153.7 million for the second quarter of the fiscal year 2023 on June 30 2023, which is a 23.2% year-over-year increase. Net income was -31.7 million, an improvement from the -49.3 million reported in the same quarter of the prior year.
Analysis
GoodWhale has analyzed COURSERA‘s fundamentals and come up with a Risk Rating of medium risk for COURSERA, indicating that investing in COURSERA may be associated with moderate risks from both financial and business aspects. In particular, GoodWhale has detected a risk warning in the cashflow statement of COURSERA. If you are looking to invest in COURSERA, it is recommended that you register as a user to access detailed information about this risk warning. GoodWhale’s Risk Rating system takes into account various factors such as balance sheet and income statement data, historical trends, and other qualitative information. Therefore, the Risk Rating of COURSERA indicates a moderate risk associated with investing in the company. By utilizing GoodWhale’s analysis, investors can make more informed decisions about whether investing in COURSERA is a good choice for them. As a registered user, they have the opportunity to explore the risk warnings in more detail and gain further insight into the potential risks associated with investing in COURSERA. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Coursera. COURSERA_Reports_23.2_Year-Over-Year_Increase_in_Total_Revenue_for_Q2_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 579.91 | -151.86 | -25.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coursera. COURSERA_Reports_23.2_Year-Over-Year_Increase_in_Total_Revenue_for_Q2_FY2023″>More…
| Operations | Investing | Financing |
| -2.33 | 44.08 | -59.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Coursera. COURSERA_Reports_23.2_Year-Over-Year_Increase_in_Total_Revenue_for_Q2_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 918.71 | 292.23 | 4.16 |
Key Ratios Snapshot
Some of the financial key ratios for Coursera are shown below. COURSERA_Reports_23.2_Year-Over-Year_Increase_in_Total_Revenue_for_Q2_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 41.6% | – | -28.5% |
| FCF Margin | ROE | ROA |
| -2.9% | -15.8% | -11.3% |
Peers
There is fierce competition between Coursera Inc and its competitors: Upstryve Inc, Ace Edulink Co Ltd, Udemy Inc. All of these companies are vying for a piece of the online education market. Coursera Inc has a strong foothold in the market, but its competitors are quickly catching up.
– Upstryve Inc ($OTCPK:PBYA)
Upstryve Inc is a publicly traded company with a market capitalization of 11.06k as of 2022. The company has a return on equity of 36.44%. Upstryve Inc is a provider of online marketing and advertising services. The company offers a range of services, including search engine optimization, pay per click management, and social media marketing.
– Ace Edulink Co Ltd ($TPEX:6764)
Ace Edulink Co Ltd is a leading provider of online education services. The company has a market capitalization of 1.39 billion as of 2022 and a return on equity of 16.58%. Ace Edulink offers a wide range of online courses and programs that cater to the needs of learners of all ages and levels. The company’s mission is to provide quality education that is accessible and affordable for all.
– Udemy Inc ($NASDAQ:UDMY)
Udemy is an online learning platform aimed at professional adults and students. The company has a market cap of $2.04 billion and a ROE of -17.26%. Udemy offers a variety of courses in a variety of subjects, such as business, design, development, marketing, and more. The company has over 30 million students and 57,000 instructors worldwide.
Summary
COURSERA‘s second quarter financial results for FY2023 indicate an increase in total revenue year-over-year of 23.2%, with USD 153.7 million reported. Additionally, Net Income was -31.7 million, a significant improvement from the previous year’s figure of -49.3 million. This presents a positive outlook for investors looking to invest in the company, as these recent financials show signs of improvement and point to the potential of long-term growth. Investors should consider COURSERA’s outlook and track their financials to get a better understanding of where the company is heading.
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