POWERSCHOOL HOLDINGS Reports Q2 FY2023 Earnings Results on August 7th
August 20, 2023
🌥️Earnings Overview
POWERSCHOOL HOLDINGS ($NYSE:PWSC) announced their financial results for the quarter ending on June 30 2023 on August 7 2023. Revenue totaled USD 173.9 million, a 10.3% rise from the previous year. The company reported a net income of -3.2 million, a marked improvement from the year-ago figure of -4.5 million.
Stock Price
POWERSCHOOL HOLDINGS reported its Q2 FY2023 earnings results on Monday, August 7th. On the day of the announcement, the company’s stock opened at $22.6 and closed at $22.7, indicating an increase of 1.1% from its previous closing price of 22.4. This positive result came after the company released its second quarter earnings report, which included details about its financial performance for the period. These results showed that the company was able to take advantage of its strong market position and make significant progress in terms of profitability and growth.
Overall, POWERSCHOOL HOLDINGS’ second quarter FY2023 earnings report was a success, with positive results in terms of revenue and net income growth. This positive outlook for the company’s finances further demonstrate its ability to remain competitive in an ever-changing market. The stock market reacted positively to the news of POWERSCHOOL HOLDINGS’ financial performance, which will likely continue to be a positive influence on the company’s future financial outlook. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Powerschool Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 656.85 | -19.2 | -2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Powerschool Holdings. More…
| Operations | Investing | Financing |
| 136.59 | -42.86 | -80.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Powerschool Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.46k | 1.72k | 7.89 |
Key Ratios Snapshot
Some of the financial key ratios for Powerschool Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.0% | – | 1.8% |
| FCF Margin | ROE | ROA |
| 14.3% | 0.6% | 0.2% |
Analysis
GoodWhale has conducted an analysis of POWERSCHOOL HOLDINGS‘s financials and the results show that POWERSCHOOL HOLDINGS is strong in terms of growth, with a medium rating in terms of profitability and weak in terms of assets and dividend. Additionally, POWERSCHOOL HOLDINGS has an intermediate health score of 6/10, which indicates that the organization may be able to sustain itself in times of crisis. Based on these results, GoodWhale has classified POWERSCHOOL HOLDINGS as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be attractive to investors who are looking for companies with strong growth potential but are willing to take on some additional risk. Investors may want to consider carefully the strengths and weaknesses of POWERSCHOOL HOLDINGS before investing their money. More…
Peers
There is fierce competition between PowerSchool Holdings Inc and its competitors: Park City Group Inc, DocuSign Inc, and ReadyTech Holdings Ltd. All four companies are vying for a share of the e-signature and electronic document management market. PowerSchool Holdings Inc has the largest market share, but its competitors are quickly gaining ground.
– Park City Group Inc ($NASDAQ:PCYG)
As of 2022, Park City Group, Inc. had a market capitalization of 96.96 million. The company had a return on equity of 6.09%. Park City Group, Inc. provides software-as-a-service solutions that enable retailers and their suppliers to optimize inventory management and improve supply chain efficiencies.
– DocuSign Inc ($NASDAQ:DOCU)
DocuSign Inc is a provider of electronic signature technology and digital transaction management services. The company has a market cap of 8.2 billion as of 2022 and a return on equity of -15.28%. DocuSign’s electronic signature technology allows users to sign documents electronically, eliminating the need for paper signatures. The company’s digital transaction management services help businesses manage transactions online, improving efficiency and reducing costs.
– ReadyTech Holdings Ltd ($ASX:RDY)
In 2022, ReadyTech’s market cap was $455 million and its ROE was 8.16%. The company provides software and services to the education, training and HR industries.
Summary
POWERSCHOOL HOLDINGS reported strong financial results for the second quarter of FY2023, with total revenue increasing by 10.3% year-on-year to USD 173.9 million. Net income came in at USD -3.2 million, a decrease from the previous year’s figure, but still a significant improvement. Investors should consider the company’s financial performance in the context of its potential for future growth and take into account its strong position in the industry. With revenue increasing and the potential for further growth, POWERSCHOOL HOLDINGS is a good investment opportunity.
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