SPRINKLR Reports Second Quarter FY2024 Earnings Results on July 31, 2023
September 8, 2023
🌥️Earnings Overview
On July 31, 2023, SPRINKLR ($NYSE:CXM) reported its earnings results for the second quarter of FY2024, ending on that date. Total revenue was reported at USD 178.5 million, an increase of 18.5% from the same period a year prior. Net income was recorded at USD 10.5 million, an impressive 143.8% rise from the previous year.
Stock Price
The stock opened at $15.7 and closed at $15.8, up by 0.1% from the previous closing price. This is an indication that the company is doing well in its second quarter and is on track to reach its projected targets for the fiscal year 2024. The company has seen consistent growth since then, and this latest report demonstrates that the company is in a strong financial position going forward. The report included details on SPRINKLR‘s revenue growth, operating income, and net profit. It also highlighted the company’s focus on expanding its customer base and launching new products and services.
Additionally, SPRINKLR shared its plans for investing in research and development and continuing to evaluate new opportunities for growth. Overall, the second quarter earnings report from SPRINKLR shows a company that is in a strong financial position and has a bright future ahead. With its focus on expanding customer relationships and launching innovative products and services, SPRINKLR is well positioned to continue its success in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sprinklr. More…
| Total Revenues | Net Income | Net Margin |
| 674.41 | 6.77 | 1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sprinklr. More…
| Operations | Investing | Financing |
| 56.82 | -101.17 | 43.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sprinklr. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.07k | 455.37 | 2.31 |
Key Ratios Snapshot
Some of the financial key ratios for Sprinklr are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.0% | – | -0.6% |
| FCF Margin | ROE | ROA |
| 5.6% | -0.4% | -0.2% |
Analysis
As GoodWhale, our analysis of SPRINKLR‘s financials indicates that the company is well-positioned for future operations in times of crisis. Our Star Chart gave SPRINKLR a high health score of 9/10, mainly due to its cashflows and debt. SPRINKLR is strong in assets and growth, but only medium in terms of profitability, and weak in dividend. Based on these factors, we classify SPRINKLR as a ‘cheetah’ type of company, which means it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given the above characteristics of SPRINKLR, investors that may be interested in this company are those that can accept the higher risk associated with it. This could include investors looking for short-term gains, or venture capital and private equity firms that are comfortable taking on higher levels of risk in exchange for potential rewards. More…
Peers
It provides a comprehensive suite of tools to help companies engage customers and gather data to measure customer sentiment, understand customer behavior, and improve customer loyalty. In the same space, there are several competitors such as Wishpond Technologies Ltd, SpringBig Holdings Inc, and LiveWorld Inc. All of these companies provide similar services and solutions to help companies improve customer experience.
– Wishpond Technologies Ltd ($TSXV:WISH)
Wishpond Technologies Ltd is a software company that focuses on developing digital marketing technology for small businesses. The company’s market cap as of 2022 stands at 39.68M, reflecting its size and position in the industry. Its Return on Equity (ROE) of -20.11% indicates that the company is not doing well financially. This is likely due to the competitive landscape in the software industry and the company’s inability to keep up with its rivals. Despite this, Wishpond Technologies Ltd still has a sizable market cap and is worth considering for those looking to invest in digital marketing technology.
– SpringBig Holdings Inc ($NASDAQ:SBIG)
Big Holdings Inc is a publicly traded company that operates across multiple sectors, including finance, technology, automotive, and healthcare. The company has a market cap of 13.89M as of 2022, making it a small-cap company. Its Return on Equity (ROE) is -434.53%, which is far lower than the industry average and indicates that the company is not generating enough returns from its shareholders’ investments. This could be due to several factors such as the company’s high debt levels, or its low cash flow. Nevertheless, Big Holdings Inc is still an attractive investment opportunity for investors looking for higher returns in the long run.
– LiveWorld Inc ($OTCPK:LVWD)
LiveWorld Inc is a social media company based in San Jose, California. It provides online community management, content moderation, and customer service solutions for companies around the world. With a market cap of 1.23M as of 2022, LiveWorld Inc is a small to mid-sized company with a current value of its outstanding shares. Despite its smaller market cap, the company has a negative return on equity of -48.81%. This suggests that the company is not generating enough profits to cover its shareholder’s equity. However, the company has seen significant growth in recent years, and it is likely that the market cap and ROE will increase in the future.
Summary
Sprinklr saw impressive gains in its second quarter of FY2024, with total revenues up 18.5% year-over-year to USD 178.5 million. Net income saw a more significant jump, rising 143.8% to USD 10.5 million. The company’s strong performance reflects increased demand for its software products and services, with investors likely to be pleased with the financial results. With a strong cash position and a focus on innovation, Sprinklr is well-positioned for continued success.
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