DAILY JOURNAL Reports Earnings Results for Third Quarter of FY2023
August 21, 2023
🌥️Earnings Overview
DAILY JOURNAL ($NASDAQ:DJCO) released its earnings results for the third quarter of FY2023 on June 30 2023. The total revenue for the period was USD 17.7 million, a 41.0% jump from the same time in the prior year. Net income also climbed to USD 0.68 million, a 106.9% year-over-year increase.
Stock Price
The stock opened at $298.7 and closed at the same price, down by 3.7% from its previous closing price of $310.1. The stock has been undergoing a period of slight decline since the beginning of the quarter, with the overall market sentiment affecting its performance. The decrease in net income was attributed to higher operating expenses, which rose due to increased investments in research and development. Overall, the quarterly financial results showed mixed performance from DAILY JOURNAL.
While revenue was up, net income and stock prices were down. Investors responded to the news with caution, resulting in a modest decline in the stock price. Moving forward, analysts are hopeful that the company will continue to make strategic investments that will drive long-term growth and boost profitability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Daily Journal. More…
| Total Revenues | Net Income | Net Margin |
| 64.67 | -16.89 | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Daily Journal. More…
| Operations | Investing | Financing |
| 13.03 | -7.28 | 5.85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Daily Journal. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 365.98 | 159.02 | 150.29 |
Key Ratios Snapshot
Some of the financial key ratios for Daily Journal are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.0% | -30.5% | -32.1% |
| FCF Margin | ROE | ROA |
| 20.0% | -6.3% | -3.5% |
Analysis
At GoodWhale, we recently conducted an analysis of DAILY JOURNAL‘s fundamentals. According to our Star Chart classification, DAILY JOURNAL is classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors interested in such companies may be those who are looking for a higher potential return, despite the added risk. The company’s intermediate health score of 6/10 indicates that DAILY JOURNAL is likely to sustain future operations in times of crisis and is strong in asset and growth, yet medium in profitability and weak in dividend. We therefore believe it’s important for any interested investors to do their own thorough research before investing in the company. More…
Peers
In the world of online news and information, there are a few major players. Daily Journal Corp is one of these, and its main competitors are Gunosy Inc, Abra Information Technologies Ltd, and Ingenta PLC. All four companies provide similar services, but each has its own strengths and weaknesses. Daily Journal Corp has been able to stay ahead of its competitors by constantly innovating and providing a high-quality product.
– Gunosy Inc ($TSE:6047)
As of 2022, Gunosy Inc has a market cap of 16.38B and a return on equity of 0.04%. The company is a provider of digital media content in Japan. It operates a social media platform and delivers news and information through its website and mobile applications. The company was founded in 2010 and is headquartered in Tokyo, Japan.
– Abra Information Technologies Ltd ($OTCPK:BBYLF)
Abra Information Technologies Ltd has a market cap of 98.78M as of 2022, a Return on Equity of 2.53%. The company is a provider of software development and IT services. It offers a range of services, including custom software development, web development, and enterprise resource planning (ERP) consulting. Abra also provides a range of industry-specific solutions, such as healthcare information systems and retail management systems.
– Ingenta PLC ($LSE:ING)
Ingenta PLC is a market leader in providing technology solutions for the publishing and media industry. The company has a strong focus on helping its clients to effectively monetize their content and to drive efficiencies across their businesses. Ingenta PLC has a market cap of 19.68M as of 2022, a Return on Equity of 10.89%. The company has a strong focus on providing technology solutions for the publishing and media industry. Ingenta PLC has a market cap of 19.68M as of 2022, a Return on Equity of 10.89%.
Summary
On June 30, 2023, DAILY JOURNAL reported strong financial results for the third quarter of FY2023. Total revenue increased 41.0% year-over-year to USD 17.7 million, while net income jumped 106.9% to USD 0.68 million. This indicates a strong performance and presents a positive outlook for investors, especially as the stock price dropped that same day. Through further analysis of the company’s financial and operating metrics, investors can determine whether DAILY JOURNAL has the potential for long-term growth and profitability.
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