CROWDWORKS INC Reports Q1 of FY2023 Earnings Results up to December 31, 2022

Earnings Overview

CROWDWORKS ($TSE:3900): Net income, however, increased by 20.7% to JPY 2977.5 million compared to the same period of the previous year.

Share Price

On Tuesday, CROWDWORKS INC, a Japanese online marketplace for freelance services, reported its financial results for the first quarter of FY2023. The company’s stock opened at JP¥1696.0 and closed at JP¥1680.0, up 0.2% from its prior closing price of JP¥1676.0. Looking ahead, CROWDWORKS INC’s management expects to continue their growth trajectory and maintain their leadership in the freelance services market. They are focused on strengthening their services in both domestic and international markets and expanding their customer base with new technology and better services offerings. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Crowdworks Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Crowdworks Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Crowdworks Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Crowdworks Inc are shown below. More…

Analysis

At GoodWhale, we have conducted a thorough financial analysis of CROWDWORKS INC and determined it to be a high risk investment. Our Risk Rating algorithm has identified two risk warnings in the company’s income sheet and balance sheet. In order to find out more about the specifics of these warnings and their implications, users must become registered. Once registered, they will be able to access detailed information about the company’s finances and its risk profile. Our analysis also takes into account other factors such as market conditions and macroeconomic indicators to provide a comprehensive overview of the company. We believe that our analysis provides a great starting point for investors looking to make informed decisions about their investments. With GoodWhale’s help, they can be sure that they are making the right choice. More…

Peers

Founded in 2010, CrowdWorks is a popular choice among businesses seeking to outsource work, offering competitive pricing and a wide variety of services. Its competitors include ZipRecruiter Inc, Bengo4.com Inc, and Freelancer Ltd, all of which offer similar services.

– ZipRecruiter Inc ($NYSE:ZIP)

ZipRecruiter Inc is a leading provider of online employment services and tools. Founded in 2010, the company is headquartered in Santa Monica, California, and operates in more than 50 countries. As of 2023, ZipRecruiter has a market capitalization of 1.61 billion, making it one of the largest publicly-traded companies in the recruitment and human resources sector. Its Return on Equity (ROE) of 79.21% reflects the company’s strong financial performance. In addition to online job matching services, ZipRecruiter offers recruitment marketing and automation tools to companies, as well as a suite of software products for employers to better manage their recruiting efforts.

– Bengo4.com Inc ($TSE:6027)

Bengo4.com Inc is a leading technology company that specializes in products and services related to the internet, digital media, and communications. With a market capitalization of 54.5 billion dollars in 2023, the company is one of the most valuable tech companies in the world. Bengo4.com Inc has maintained a consistently high Return on Equity (ROE) of 22.59%, indicating that the company is producing returns for its stakeholders greater than its cost of capital. This shows the company’s efficient use of capital, effective strategic management, and ability to generate sustainable growth and profits.

– Freelancer Ltd ($ASX:FLN)

Freelancer Ltd is a leading online marketplace for freelancers and businesses to find and hire professionals across many different industries. The company has a market capitalization of 94.99M as of 2023, which suggests that the company’s stock is highly valued by investors. Additionally, the company has a Return on Equity of -18.38%, which indicates that the company is not generating enough profits to cover its expenses and debt obligations. Despite this, Freelancer Ltd remains a popular option for businesses seeking to hire external talent and freelancers due to its wide range of services.

Summary

CROWDWORKS INC experienced a decrease in total revenue for the first quarter of FY2023, compared to the same period of the previous year. This indicates that the company is continuing to succeed in cost control and operational efficiency measures, making it an attractive investment for those looking for stability in the short and long-term.