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.
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
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Walkme Ltd. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Walkme Ltd. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Walkme Ltd. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Walkme Ltd are shown below. More…
Income Statement Ratios
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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…
Risk Rating Analysis
Star Chart Analysis
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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.