HASHICORP INC Reports Fourth Quarter Earnings Results as of January 31 2023.
March 20, 2023
Earnings Overview
Hashicorp Inc ($BER:YR8). announced their financial earnings for the fourth quarter of FY2023 ending January 31 2023, on March 9 2023. Total revenue posted was USD -49.4 million, signifying a 78.3% increase compared to the same period in the previous year. Net income also increased 40.7%, standing at USD 135.8 million year over year.
Price History
On Thursday, HASHICORP INC reported its financial results for the fourth quarter of 2023, ending January 31. The company reported strong growth in both the top and bottom lines. The stock opened at €29.8 and closed at the same price on Thursday. The company also announced plans to expand its customer base by launching new products and services.
This strategy has paid off, as evidenced by the fact that the number of customers has increased by 10% since the start of 2023. Overall, HASHICORP INC had a successful fourth quarter, and investors can look forward to continued growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hashicorp Inc. More…
| Total Revenues | Net Income | Net Margin |
| 475.89 | -274.3 | -57.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hashicorp Inc. More…
| Operations | Investing | Financing |
| -84.46 | -9 | 21.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hashicorp Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.63k | 422.99 | 6.35 |
Key Ratios Snapshot
Some of the financial key ratios for Hashicorp Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 57.7% | – | -62.5% |
| FCF Margin | ROE | ROA |
| -19.6% | -15.4% | -11.4% |
Analysis
GoodWhale has conducted an in-depth analysis of HASHICORP INC‘s fundamentals and concluded that it is classified as a ‘cheetah’ company, a type of company that achieves high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be attractive to investors who are looking for a potentially high return on their capital, but must be aware of the volatility associated with this type of investment. HASHICORP INC is strong in asset growth, but weak in dividend and profitability. However, despite this, the company has a high health score of 7/10 considering its cashflows and debt, which indicates that the company is capable to safely ride out any crisis without the risk of bankruptcy. Therefore, investors may not be deterred by the low profitability and can feel confident that their investment should remain relatively safe. More…
Summary
HASHICORP INC reported strong quarterly earnings for Q4 of FY2023, with total revenue up 78.3% year-over-year to USD -49.4 million and net income up 40.7% year-over-year to USD 135.8 million. These figures demonstrate the company’s successful transition to the digital age. Furthermore, the company has shown an ability to attract customers and increase sales even in the midst of an economic downturn. These results represent a positive sign for investors looking to invest in HASHICORP INC, with the potential for further growth in the coming months and years.
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