PAYCOR HCM Announces Financial Results for Fourth Quarter of FY2023
August 23, 2023
🌥️Earnings Overview
On June 30 2023, PAYCOR HCM ($NASDAQ:PYCR) revealed their financial results for the fourth quarter of FY2023, which came to a close on that date. The company reported total revenue of USD 140.0 million, indicating an increase of 26.2% compared to the same quarter of the previous year. Additionally, net income was announced to be USD -29.4 million, as opposed to -23.8 million in the corresponding period of the prior year.
Share Price
The stock opened at $22.9 and closed at $22.9, down by 0.4% from its previous closing price of 23.0. This financial result marks a slight decrease in the stock prices from the previous quarter, however, it is still an impressive result given the uncertain economic environment. Understandably, investors reacted with caution to the announcement, as the ongoing pandemic has caused a great deal of economic uncertainty. Despite this, PAYCOR HCM still managed to deliver a solid performance for the quarter, indicating that they have a robust strategy in place to handle market fluctuations.
As the company moves forward, they are sure to remain focused on their objectives of providing comprehensive HCM solutions to their customers. With their unwavering commitment to delivering quality services and solutions, PAYCOR HCM looks set to continue its financial success in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Paycor Hcm. More…
| Total Revenues | Net Income | Net Margin |
| 552.69 | -93.22 | -16.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Paycor Hcm. More…
| Operations | Investing | Financing |
| 48.12 | -192.96 | -659.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Paycor Hcm. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.54k | 1.27k | 7.21 |
Key Ratios Snapshot
Some of the financial key ratios for Paycor Hcm are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.0% | – | -18.1% |
| FCF Margin | ROE | ROA |
| -3.4% | -4.9% | -2.5% |
Analysis
GoodWhale has conducted an analysis of PAYCOR HCM‘s wellbeing, and has found that it is a medium risk investment with regards to financial and business aspects. Through our Risk Rating, we have noticed that while the company does have a stable financial structure, there are a few areas of concern that could potentially pose risks. One of these is a warning that we have detected in the cashflow statement. This warning points to a potential for the company to experience a cash crunch if not managed properly. We highly recommend that PAYCOR HCM take measures to mitigate this risk by reviewing their cashflow statement and taking steps to reduce or eliminate any possible risk. To learn more about the risks associated with PAYCOR HCM, please register on goodwhale.com. By doing so, you can get detailed information about the company’s financial and business performance, as well as any risks that we have identified. This way, you can make an informed decision about your investment in the company. More…
Peers
Paycor HCM Inc is one of the leading providers of Human Capital Management (HCM) solutions in the United States. It provides a suite of tools and products that enable organizations to manage their human capital effectively and efficiently. It has a competitive edge over other HCM providers such as Calix Inc, Growens SPA, and Asure Software Inc. With its comprehensive suite of products and services, Paycor HCM Inc is well positioned to meet the needs of businesses both large and small.
– Calix Inc ($NYSE:CALX)
Calix Inc is a provider of broadband communications access systems and software for fiber, copper, and wireless networks. The company has a market capitalization of 4.88 billion dollars as of 2022, and has a Return on Equity (ROE) of 5.27%. This is an indication that the company is making efficient use of its shareholders’ equity and turning it into positive returns. Calix Inc also offers a range of services including network design and engineering, installation, and maintenance of broadband networks. In addition, the company offers cloud-based managed services such as analytics and network optimization.
– Growens SPA ($OTCPK:MSPAF)
Growens SPA is a company that specializes in providing services related to the energy industry. The company has a market cap of 66.83M as of 2022 and a Return on Equity (ROE) of -0.65%. Market capitalization is an indicator of how much a company is worth and is calculated by multiplying the company’s share price by its outstanding shares. This value of 66.83M suggests that the company is relatively small in size compared to some of its competitors. Additionally, the negative ROE of -0.65% indicates that the company is not generating enough profits relative to its total assets and shareholders’ equity.
– Asure Software Inc ($NASDAQ:ASUR)
Asure Software Inc is a technology company that provides cloud-based software-as-a-service solutions to help manage and optimize workplace services, including human capital management, payroll and tax filing, workspace management, and financial and back-office solutions. As of 2022, Asure Software Inc has a market cap of 169.55M, which reflects its value in the public markets. Additionally, the company has a return on equity of 2.36%, which indicates that it is generating a good return from its shareholders’ investments.
Summary
Investors analyzing PAYCOR HCM‘s financial results for the final quarter of FY2023 may be encouraged by the 26.2% year-over-year increase in total revenue, but net income of -29.4 million is a cause for concern. Despite the impressive revenue growth, the company was unable to turn that into profitability due to higher expenses. It will be important for PAYCOR HCM to control costs and invest in initiatives that can lead to sustainable profitability. Investors should continue to monitor the company’s developments in order to assess the outlook of their investment.
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