WALKME LTD Reports Q2 Earnings Results for FY2023 as of June 30 2023
August 21, 2023
🌥️Earnings Overview
WALKME ($NASDAQ:WKME): WalkMe Ltd reported their FY2023 Q2 earnings results for June 30 2023 on August 10 2023. The total revenue for the quarter was USD 66.2 million, a 10.4% increase from the same period in the prior year. Net income came in at USD -13.6 million, representing an improvement compared to the -27.9 million reported in the year-ago quarter.
Share Price
On Thursday, WALKME LTD reported its financial results for the second quarter of fiscal year 2023, which ended on June 30th, 2023. The company’s stock opened at $8.6 and closed at $8.4, representing a 7.0% increase from the previous closing price of $7.9. The company’s CEO attributed the positive growth to the successful launch of its new products and services.
He said that WALKME LTD is in an excellent position to capitalize on the growing demand for its offerings, and is confident that this trend will continue in the coming quarters. Overall, WALKME LTD’s financial results for the second quarter of FY2023 have been positive and provide a strong foundation for continued growth in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Walkme Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 260.27 | -81.43 | -31.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Walkme Ltd. More…
| Operations | Investing | Financing |
| -19.79 | -85.32 | 9.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Walkme Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 447.39 | 190.54 | 2.8 |
Key Ratios Snapshot
Some of the financial key ratios for Walkme Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.6% | – | -34.8% |
| FCF Margin | ROE | ROA |
| -9.4% | -22.9% | -12.7% |
Analysis
At GoodWhale, we conducted an analysis of WALKME LTD‘s financials and found that it had an intermediate health score of 6/10. This suggests that the company has enough cashflow and debt to be able to safely ride out any crisis without the risk of bankruptcy. Additionally, our star chart indicates that WALKME LTD is strong in asset and growth, but weak in dividend and profitability. Overall, we classify WALKME LTD as a ‘cheetah’ – a type of company that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. Given the company’s financial profile, we believe that investors who are seeking a higher rate of return with a higher risk might find WALKME LTD attractive. Specifically, this could include investors who are looking for more aggressive growth opportunities and have a higher risk appetite. Alternatively, investors who are looking for more stability and lower risk may want to look elsewhere. More…
Peers
Kubient Inc, Marin Software Inc, and iSign Solutions Inc are all companies that provide similar services.
– Kubient Inc ($NASDAQ:KBNT)
Kubient Inc is a publicly traded company with a market capitalization of 15.54 million as of 2022. The company has a return on equity of -52.06%. Kubient is a technology company that provides a self-service platform that enables businesses to launch and manage their own programmatic advertising campaigns. The company’s platform uses artificial intelligence to optimize ad campaigns for performance.
– Marin Software Inc ($NASDAQ:MRIN)
Marin Software Inc is a cloud-based digital advertising management company. The company offers a suite of software products for online advertisers and agencies to measure, manage and optimize their digital marketing spend. Marin’s software helps its customers improve financial performance, save time, and make better decisions.
As of 2022, Marin Software Inc had a market cap of 19.5M and a Return on Equity of -36.28%.
– iSign Solutions Inc ($OTCPK:ISGN)
Invesco Ltd. (NYSE: IVZ) has a market cap of $3.8 billion and a return on equity of 1.8%. The company provides investment management and related services to individuals and institutions in the United States, Europe, Asia, and Australia.
Summary
Analysts have reacted positively to the Q2 earnings results reported by WALKME LTD for the period ending June 30 2023, which show total revenue of USD 66.2 million, a 10.4% increase compared to the same period last year. The stock price for the company moved up on the news, indicating that investors are confident in its future prospects. Overall, this is a positive sign for WALKME LTD and suggests that it may be a good investment option in the short to medium term.
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