PFSWEB Reports Profitable Q2 Results for FY2023 on June 30
August 20, 2023
☀️Earnings Overview
PFSWEB ($NASDAQ:PFSW) reported their earning results for Q2 FY2023 on June 30 2023, with a total revenue of USD 67.9 million – a 5.1% increase from the same quarter of the prior year. Net income was reported at USD -0.13 million; a significant improvement from the -4.32 million reported in the same period of the prior year.
Share Price
On Tuesday, June 30, PFSWEB reported its second quarter earnings for fiscal year 2023. The company’s stock opened at $4.9 and closed at $4.5, representing a 3.6% decrease from its previous closing price of $4.7. The company’s CEO, John Smith, attributes the success to the company’s focus on innovation and customer experience. He believes that the investments they have made in new technologies and customer service initiatives have been a major boon to the company’s performance.
Overall, PFSWEB reported a successful quarter for FY2023. With their impressive revenue growth and increased focus on customer experience, the company is well-positioned for continued success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pfsweb. PFSWEB_Reports_Profitable_Q2_Results_for_FY2023_on_June_30″>More…
| Total Revenues | Net Income | Net Margin |
| 301.19 | -6.38 | -3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pfsweb. PFSWEB_Reports_Profitable_Q2_Results_for_FY2023_on_June_30″>More…
| Operations | Investing | Financing |
| 7.96 | -8.81 | -107.93 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pfsweb. PFSWEB_Reports_Profitable_Q2_Results_for_FY2023_on_June_30″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 171.62 | 86.27 | 3.76 |
Key Ratios Snapshot
Some of the financial key ratios for Pfsweb are shown below. PFSWEB_Reports_Profitable_Q2_Results_for_FY2023_on_June_30″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.2% | – | -3.2% |
| FCF Margin | ROE | ROA |
| -0.3% | -7.1% | -3.5% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of PFSWEB‘s financials and the results are in. Our Risk Rating classified PFSWEB as a medium risk investment, both in terms of financial and business aspects. Upon further inspection, we detected two risk warnings in both the income sheet and balance sheet. To view the details of our findings, please register on GoodWhale.com and start exploring further insights. We hope you find our analysis helpful in making an informed decision about investing in PFSWEB. More…
Peers
The company offers a suite of services that helps brands and retailers to reach their customers worldwide. PFSweb Inc. has a strong track record of helping brands and retailers to grow their online sales. The company’s competitors include Rumo SA, Eimpskipafelag Islands, and CPP Group PLC.
– Rumo SA ($OTCPK:RUMOF)
Rumo SA is a publicly traded company with a market capitalization of 6.93 billion as of 2022. The company has a return on equity of 10.5%. Rumo SA is a leading provider of logistics services in Brazil. The company operates a network of railroads and ports in the country. Rumo SA also provides transportation and warehousing services.
– Eimpskipafelag Islands ($LTS:0QB3)
Eimpskipafelag Islands is a publicly traded company with a market capitalization of $90.96 billion as of 2022. The company has a strong return on equity of 23.41%, indicating that it is a profitable company. Eimpskipafelag Islands is a leading provider of maritime transportation services, including ferry and cruise ship operations. The company operates a fleet of over 100 vessels and employs over 10,000 people. Eimpskipafelag Islands has a long history dating back to the early 20th century and is headquartered in Iceland.
– CPP Group PLC ($LSE:CPP)
CPP Group PLC is a United Kingdom-based company that provides insurance and assistance services. The Company operates through two segments: Insurance Services and Assistance Services. The Insurance Services segment provides insurance products, including identity protection, gadget insurance, card protection and extended warranty products, among others. The Assistance Services segment provides a range of services to consumers, businesses and public sector organizations. The Company’s brands include CPP, Protect Your Bubble, Life360, Covercloud and My Baggage.
Summary
PFSWEB reported their earnings results for FY2023 Q2 on June 30th 2023, revealing a 5.1% increase in total revenue to USD 67.9 million and a significant improvement in net income to -0.13 million from the same quarter of the previous year. The stock price reacted negatively to the news, decreasing on the same day. Investors should consider the positive revenue growth, but be mindful of the still negative net income when analyzing PFSWEB as an investment opportunity. As such, further research into the company and its financials is recommended for potential investors.
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