PAYCOR HCM Reports Record Fourth Quarter Financial Results for 2023
August 30, 2023
🌥️Earnings Overview
On June 30th 2023, PAYCOR HCM ($NASDAQ:PYCR) announced their financial results for the fourth quarter of fiscal year 2023. Total revenue for the quarter was USD 140.0 million, an increase of 26.2% from the same quarter in the previous year. Net income, however, marked a decline from last year’s loss of USD -23.8 million, coming in at an even greater loss of USD -29.4 million.
Stock Price
The report showed strong financials, with revenue continuing to grow and margins expanding. This marks the tenth consecutive quarter in which the company has posted year-over-year net income growth. The company’s fourth quarter performance was driven by its Human Capital Management (HCM) solutions, which continued to gain customer traction and expand its customer base. PAYCOR HCM also leveraged its technology platform to provide customers with enhanced capabilities such as automated payroll processing and enhanced insights into their employee’s activities. The company’s strong fourth quarter performance indicates a positive outlook for the remainder of the year. Looking ahead, PAYCOR HCM plans to invest further in its HCM solutions to drive customer adoption and continues to explore new markets for growth.
Additionally, the company has plans to introduce new services and features to better meet customer needs. With solid financials and an ambitious plan of action for the future, PAYCOR HCM looks well-positioned for continued success. 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 recently conducted an analysis of PAYCOR HCM‘s wellbeing, and based on Star Chart, we’ve concluded that although they have strong growth, they are considered to be medium in asset and weak in dividend, profitability. This categorizes them as ‘cheetah’ companies, characterized by high revenue or earnings growth but a lower stability due to lower profitability. What type of investors may be interested in such a company? PAYCOR HCM has an intermediate health score of 6/10 with regard to its cashflows and debt, suggesting that they may be able to safely ride out any crisis without the risk of bankruptcy. This indicates that those investors willing to take a bit more risk might gain from investing in PAYCOR HCM. 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 looking at PAYCOR HCM should take into account their financial results for the fourth quarter of fiscal year 2023. The company reported a 26.2% increase in total revenue from the same quarter last year, reaching USD 140.0 million. Despite this, the company reported a net loss of USD -29.4 million, an increase from the previous year’s loss of USD -23.8 million. Further analysis on the cause of this and future outlook should be conducted before investing in PAYCOR HCM.
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