ZEROFOX HOLDINGS Reports Record Q2 Earnings of USD 62.2 Million for FY2024
September 8, 2023
🌥️Earnings Overview
On September 6 2023, ZEROFOX HOLDINGS ($NASDAQ:ZFOX) announced their earnings results for FY2024 Q2, which ended on July 31 2023. Revenue for this period was USD 62.2 million, a significant increase from the 15.7 million reported in the same period last year. Net income was USD -16.8 million, compared to the -11.2 million reported in the same period of the previous year.
Stock Price
On Wednesday, ZEROFOX HOLDINGS reported record second quarter earnings for the fiscal year 2024 of USD 62.2 million. In response to the news, shares of ZEROFOX HOLDINGS opened at $1.2 and closed at $1.1, up by 1.9% from its previous closing price of 1.0. Analysts attribute the impressive quarter to the company’s successful shift to digital operations, which enabled the organization to cut costs and increase efficiency. Furthermore, the company has made a number of strategic investments in recent years which have enabled it to rapidly develop new products and services that are meeting the demands of the digital economy.
The strong financial performance is a testament to the hard work and dedication of ZEROFOX HOLDINGS’ management team and staff, who have worked tirelessly to expand the company’s reach and grow its market presence. As the organization continues to implement strategies that leverage cutting-edge technologies, analysts expect future earnings to continue to rise in line with growing consumer demand. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Zerofox Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 50.04 | -742.05 | -56.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zerofox Holdings. More…
| Operations | Investing | Financing |
| -20.93 | -64.64 | 145.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Zerofox Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 766.82 | 306.12 | 3.88 |
Key Ratios Snapshot
Some of the financial key ratios for Zerofox Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 92.9% | – | -630.5% |
| FCF Margin | ROE | ROA |
| -44.4% | -198.1% | -60.4% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of the fundamentals of ZEROFOX HOLDINGS. Our Risk Rating found that it is a medium risk investment, with potential for success but also some risks. We have identified two risk warnings in the balance sheet and non-financial elements of the company. To get all the information on these potential risks, make sure to register with us. We will provide you with the necessary details so you can make an informed decision about your investments. With GoodWhale, you have access to all the important information, so you can make a decision with confidence. More…
Peers
They are regularly competing against companies like Veritone Inc, IXUP Ltd, and Data443 Risk Mitigation Inc to stay ahead in the race for the best services in the industry. All of these companies are striving to offer their customers the best possible solutions to protect their critical data and stay resilient to cyber threats.
– Veritone Inc ($NASDAQ:VERI)
Veritone Inc is a California-based Artificial Intelligence (AI) technology company that provides a platform for businesses to automate workflows and gain insights from data. As of 2023, Veritone Inc has a market capitalization of 183.26 million US dollars, indicating that it is a relatively small public company. Although the company has a strong presence in the market, its Return on Equity (ROE) of -33.55% indicates that it is not generating adequate returns to investors. This could indicate that the company needs to focus more on increasing shareholder value and improving its financial performance.
– IXUP Ltd ($ASX:IXU)
Founded in 2014, PIXUP Ltd is a web-based visual communications platform that empowers users to create, share and collaborate in real-time. The company’s platform is used by a wide range of businesses in more than 20 countries. As of 2023, PIXUP Ltd has a market cap of 25.89M. The Return on Equity (ROE) is -141.27%, which indicates that the company has been struggling financially. This could be attributed to a variety of factors, including the competition from other visual communications platforms, lack of investment in new technology and marketing, and the ever-changing nature of the industry.
– Data443 Risk Mitigation Inc ($OTCPK:ATDS)
Risk Mitigation Inc is a risk management and consulting firm that specializes in helping organizations protect their stakeholders, investments, and operations. The company has a market cap of 150.91k as of 2023, indicating its strong financial performance over the last few years. Risk Mitigation Inc is also performing well with a Return on Equity of 32.14%. This suggests that the company is effectively using available capital to generate profit and creating value for shareholders. Furthermore, Risk Mitigation Inc has also been investing in building relationships with clients and partners to increase its customer base and expand its service offerings.
Summary
Investors in ZEROFOX HOLDINGS should be aware that the company reported a total revenue of USD 62.2 million for FY2024 Q2 as of July 31, 2023, representing an increase of 15.7 million compared to the same period in the previous year. However, net income for the same quarter was reported as USD -16.8 million, compared to -11.2 million from the year before. These results suggest that despite increased revenue, there are still some issues to address in order to improve profitability for ZEROFOX HOLDINGS.
