JAMF HOLDING Reports Q2 Earnings Results for FY 2023
August 18, 2023
🌥️Earnings Overview
JAMF HOLDING ($NASDAQ:JAMF) reported their fiscal year 2023 second quarter earnings results on June 30 2023, showing total revenue of USD 135.1 million, which represented a 16.8% increase from the same quarter of the prior year. Net income was USD -36.2 million, an improvement from their loss of USD -63.1 million in the same quarter of the previous year.
Share Price
On Tuesday, JAMF HOLDING reported its earnings results for Q2 of FY 2023. The company’s stock opened at $19.7 and closed at $19.8, down by 1.3% from the prior closing price of 20.1. Overall, JAMF HOLDING’s Q2 performance was strong, with increases in revenue, net income, gross profit, operating income, EBITDA, operating cash flow, and free cash flow showing the company’s financial strength and stability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Jamf Holding. More…
| Total Revenues | Net Income | Net Margin |
| 522.18 | -112.93 | -21.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Jamf Holding. More…
| Operations | Investing | Financing |
| 60.43 | -30.36 | 6.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Jamf Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.53k | 824.67 | 5.71 |
Key Ratios Snapshot
Some of the financial key ratios for Jamf Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.6% | – | -22.8% |
| FCF Margin | ROE | ROA |
| 10.3% | -10.5% | -4.9% |
Analysis
At GoodWhale, we have conducted an extensive analysis of JAMF HOLDING‘s fundamentals and arrived at a Risk Rating of high. This indicates that the company carries a high level of risk for its potential investors. We have detected 3 risk warnings in their income statement, balance sheet and cashflow statement which can be viewed by registering on goodwhale.com. These warnings point to potential problems that could lead to losses if not managed properly. Overall, JAMF HOLDING is deemed to be a high risk investment and potential investors should consider all the available information before making an investment decision. We encourage you to access our risk warnings and continue to monitor JAMF HOLDING’s progress to ensure that your investments are managed safely and effectively. More…
Peers
Its main competitors are Sage Group (The) PLC, UserTesting Inc, Bentley Systems Inc.
– Sage Group (The) PLC ($LSE:SGE)
The Sage Group plc is a British multinational software company headquartered in Newcastle upon Tyne, United Kingdom. It is the world’s third-largest supplier of enterprise resource planning software (behind Oracle and SAP), the largest supplier to small businesses, and has 6.1 million customers worldwide. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
– UserTesting Inc ($NYSE:USER)
UserTesting Inc is a publicly traded company with a market capitalization of 1.08 billion as of 2022. The company provides software that helps businesses to test and improve their websites and mobile applications. UserTesting’s software uses the company’s panel of more than one million testers to provide feedback on websites and apps. The company has a negative return on equity of 30.44%.
– Bentley Systems Inc ($NASDAQ:BSY)
Bentley Systems is a global leader in providing software solutions to the infrastructure engineering industry. The company’s comprehensive portfolio of software solutions is used by architects, engineers, geospatial professionals, constructors, and owner-operators to design, build, and operate large-scale infrastructure projects. Bentley Systems is headquartered in Exton, Pennsylvania, USA.
The company’s market cap is 9.93B as of 2022 and its ROE is 17.41%. The company has a strong focus on the infrastructure engineering industry and provides a comprehensive portfolio of software solutions to its customers. The company is well-positioned to continue its growth in the coming years.
Summary
Investing in JAMF HOLDING appears to be a risky but potentially rewarding venture. In their second quarter of fiscal year 2023, the company saw a 16.8% increase in total revenue compared to the same quarter the previous year. Unfortunately, their net income was still in the red at USD -36.2 million, although this was a marked improvement from a loss of USD -63.1 million in the same quarter the year before. Investors should proceed with caution, as the company’s financial performance may be volatile.
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