PAYCOR HCM Announces Fourth Quarter Earnings Results for FY2023
August 27, 2023
🌥️Earnings Overview
PAYCOR HCM ($NASDAQ:PYCR) reported its earnings results for the fourth quarter of FY2023 on June 30th 2023. Revenues totaled USD 140.0 million, a growth of 26.2% from the same quarter of the prior year. Net income for the quarter was USD -29.4 million which was a decrease from -23.8 million in the same quarter of the previous year.
Price History
At the start of the trading day, PAYCOR HCM stock opened at $22.9 and closed at the same price, indicating a slight 0.4% decrease from the previous closing price of $23.0. Overall, PAYCOR HCM reported positive earnings and sustained growth in revenue.
However, despite these impressive results, the stock price continued to remain relatively stagnant throughout the trading day. This could be attributed to the overall bearish sentiment in the market throughout the day and the fact that PAYCOR HCM’s performance did not exceed expectations. Going forward, PAYCOR HCM has high hopes of further increasing its revenue and continuing its growth trajectory. In order to achieve these goals, PAYCOR HCM is looking to further expand its customer base, as well as diversify and improve its product offerings. With these strategies in place, PAYCOR HCM could be in a good position to see increased stock prices in the coming quarters. 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
At GoodWhale, we have conducted an analysis of PAYCOR HCM‘s financials. Our Risk Rating has classed them as a medium risk investment in terms of financial and business aspects. Although PAYCOR HCM appears to be a safe investment, we have detected one risk warning in the cashflow statement. This should be taken into consideration when making a decision to invest. To access this warning, become a registered user on the GoodWhale platform. With our system, you’ll get the financial information you need to make an informed decision. 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
Paycor HCM‘s earnings results for the fourth quarter of FY2023 showed a strong increase in revenues, totaling USD 140.0 million, up 26.2% from the same quarter in the prior year. However, the company posted a net loss of USD -29.4 million, representing a decrease from the same quarter in the previous year of -23.8 million. This could be attributed to increased costs and expenses, and investors should watch closely to see if these costs can be managed in order to ensure profitability. Additionally, investors should pay attention to the company’s sales and marketing strategies to ensure that they can continue to drive sales and capture market share.
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