STARBOX GROUP Reports 36.3% Year-Over-Year Revenue Increase of USD 4.0 Million in Q2 FY2023
September 2, 2023
☀️Earnings Overview
For the quarter ending March 31 2023, STARBOX GROUP ($NASDAQ:STBX) reported total revenue of USD 4.0 million, representing a 36.3% year-over-year increase. Net income for the same period was USD 1.4 million, which signified a 7.9% year-on-year growth.
Analysis
GoodWhale has conducted an analysis of STARBOX GROUP‘s fundamentals. The Star Chart shows that STARBOX GROUP is strong in assets and growth, medium in profitability, and weak in dividend.STARBOX GROUP has a high health score of 8/10, which indicates that it has the capability to pay off debt and fund future operations. Based on this analysis, we have concluded that STARBOX GROUP is classified as a “cheetah” type of company – one that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given this profile, investors who are looking for short-term growth, but who understand the risks associated with investing in a less stable company, may be interested in STARBOX GROUP. These investors may include those looking for fast returns, as well as those who are willing to take on risk in order to maximize their returns. Additionally, investors who are looking for a long-term commitment may be interested in STARBOX GROUP’s growth potential. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Starbox Group. More…
| Total Revenues | Net Income | Net Margin |
| 8.25 | 3.71 | 45.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Starbox Group. More…
| Operations | Investing | Financing |
| -14.91 | -18.38 | 30.62 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Starbox Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 39.74 | 1.47 | 0.7 |
Key Ratios Snapshot
Some of the financial key ratios for Starbox Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 60.8% |
| FCF Margin | ROE | ROA |
| -403.6% | 10.2% | 7.9% |
Peers
It has several competitors in the space, such as comScore Inc, Similarweb Ltd, and Flashaim Inc, that all provide similar services to help businesses gain a better understanding of their online presence.
– comScore Inc ($NASDAQ:SCOR)
ComScore Inc is a leading data analytics and measurement company that provides marketing intelligence and analytics to customers in the media and advertising industries. It has a market cap of 116.85M as of 2023, which is indicative of its strong presence in the industry. In addition, its Return on Equity (ROE) of -10.82% is an indication that ComScore Inc is generating sufficient returns from its equity investments.
– Similarweb Ltd ($NYSE:SMWB)
Founded in 2007, Similarweb Ltd is a digital market intelligence company that provides insights into the digital world. As of 2023, its market cap is 515.43M and its Return on Equity (ROE) is -151.85%. The market cap of a company is the total value of all its outstanding shares and is an indicator of a company’s size and potential. Meanwhile, the ROE measures a company’s profitability and tells investors how efficiently it is using its funds to generate income.
– Flashaim Inc ($TPEX:7551)
Flashaim Inc is a technology company that specializes in providing a suite of products and services to help organizations stay connected with their customers. The company has a market capitalization of 306.13M as of 2023, indicating that the company is well-valued in the industry. Moreover, Flashaim Inc has a Return on Equity of 15.77%, which is relatively high compared to industry standards. This suggests that the company is successfully utilizing its capital to generate returns for its shareholders.
Summary
Investors in STARBOX GROUP have reason to be encouraged by the company’s financial performance in Q2 of FY2023. Total revenue grew by 36.3% year-over-year to USD 4.0 million, and net income increased 7.9% year-over-year to USD 1.4 million. Despite these positive figures, the stock price for STARBOX GROUP dropped on the same day. It is unclear what caused this unusual movement, but investors should continue to monitor the company’s performance in the coming quarters to gain a better understanding of its long-term prospects.
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