EDGIO INC Reports 28.9% Increase in Revenue for FY2023 Q2 with USD 95.8 Million Total
September 21, 2023
☀️Earnings Overview
For the quarter ending June 30 2023, EDGIO INC ($NASDAQ:EGIO) reported total revenue of USD 95.8 million, a 28.9% increase from the same period last year. The results were released on September 12 2023.
Analysis
GoodWhale has performed a comprehensive analysis of EDGIO INC‘s financials and has determined that it is a high risk investment in terms of financial and business aspects. This conclusion was reached due to the presence of four different risk warnings in EDGIO INC’s income sheet, balance sheet, cash flow statement, and financial journal. Specifically, GoodWhale has noticed that there are discrepancies in the company’s financial reporting, inadequate liquidity to support operations, a heavy reliance on debt financing, and potential discrepancies in the data reported. As such, GoodWhale urges investors to be wary of investing in EDGIO INC until all risks and concerns have been addressed. Registering with GoodWhale will allow you to access the data and analysis related to EDGIO INC’s financials. Doing so will help you make an informed decision about whether or not to invest in this risky venture. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Edgio Inc. More…
| Total Revenues | Net Income | Net Margin |
| 417.39 | -166.28 | -33.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Edgio Inc. More…
| Operations | Investing | Financing |
| -32.68 | 6.6 | 6.39 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Edgio Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 470.4 | 294.47 | 0.79 |
Key Ratios Snapshot
Some of the financial key ratios for Edgio Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.5% | – | -38.5% |
| FCF Margin | ROE | ROA |
| -11.7% | -52.2% | -21.4% |
Peers
It faces stiff competition from the likes of WalkMe Ltd, Engagesmart Inc, and DoubleVerify Holdings Inc, all of which are making waves in the market. Despite the presence of competitors, Edgio Inc continues to strive for innovation and progress in order to stay ahead of the competition.
– WalkMe Ltd ($NASDAQ:WKME)
WalkMe Ltd is a digital adoption platform that provides a cloud-based software application, allowing companies to understand and improve software usage. The company has a market capitalization of 816.28M as of 2023, indicating that the company is seen as a valuable asset by investors. Its Return on Equity (ROE) of -26.87%, however, suggests that the company is not creating value for shareholders as its profits are not equal to its invested capital.
– Engagesmart Inc ($NYSE:ESMT)
Engagesmart Inc is a leading software company that provides cutting-edge customer engagement solutions for businesses around the world. As of 2023, the company has a market cap of 2.97B and a Return on Equity of 1.95%, indicating that it is able to generate profits from its investments and reinvestments. The robust market cap provides Engagesmart with more financial and operational flexibility to drive growth and increase their competitive edge in the industry.
– DoubleVerify Holdings Inc ($NYSE:DV)
DoubleVerify Holdings Inc is a digital media measurement and analytics company that provides software solutions to optimize ad campaigns for the digital advertising industry. The company has a market cap of 4.76 billion US dollars as of 2023, which is a strong indicator of the success of its business operations. Additionally, DoubleVerify Holdings Inc has a Return on Equity (ROE) of 5.29 percent, which is an excellent performance for such a large company. This high ROE shows that the company has been able to efficiently use its assets and leverage its equity to generate a strong return on its investments.
Summary
EDGIO INC‘s total revenue for FY2023 Q2 was reported to be USD 95.8 million, a 28.9% increase from the same period last year. Net income for the quarter was however reported to be USD -35.6 million, an increase from the previous year’s negative result of -16.4 million. Investors should take caution when considering investing in EDGIO INC given its net income loss for the quarter and uncertain outlook for the rest of the financial year. It may be wise to wait until more information is released on future performance to make an informed investment decision.
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