Zerofox Holdings Stock Fair Value Calculation – ZEROFOX HOLDINGS Reports Second Quarter FY2024 Earnings Results for Period Ending July 31 2023
September 13, 2023
🌥️Earnings Overview
ZEROFOX HOLDINGS ($NASDAQ:ZFOX) announced their earnings results for the second quarter of FY2024, which ended on July 31 2023. The company showed a hefty increase in total revenue, rising from 15.7 million in the same quarter of the previous year to 62.2 million. Net income was reported at -16.8 million, a slight decline from the -11.2 million reported in the same period of last year.
Stock Price
The company’s stock opened at $1.2 and closed at $1.1, up by 1.9% from its previous closing price of $1.0. Overall, ZEROFOX HOLDINGS had a successful second quarter, posting strong results that beat analysts’ expectations. The company’s stock has reflected the good news, with the share price rising by 1.9%. The outlook for the rest of the year remains positive and investors seem to be optimistic about the future prospects of this company. 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 – Zerofox Holdings Stock Fair Value Calculation
GoodWhale has conducted a rigorous analysis of the fundamentals of ZEROFOX HOLDINGS to determine the intrinsic value of its shares. After considering all factors, our proprietary Valuation Line has determined that the intrinsic value of ZEROFOX HOLDINGS shares is around $3.1. However, right now these shares are being traded at $1.1, representing a 64.6% discount to their intrinsic value. This means that ZEROFOX HOLDINGS shares are an excellent investment choice right now, since investors can purchase them at a considerable discount from their true worth. More…
Peers
They are regularly competing against companies like Veritone Inc, IXUP Ltd, and Data443 Risk Mitigation Inc to stay ahead in the race for the best services in the industry. All of these companies are striving to offer their customers the best possible solutions to protect their critical data and stay resilient to cyber threats.
– Veritone Inc ($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 looking at ZEROFOX HOLDINGS’ second quarter of FY2024 earnings results should be pleased with the increase in revenue from 15.7 million to 62.2 million. However, net income for the period was reported at USD -16.8 million, compared to last year’s -11.2 million. This means that the company is still operating at a loss, which indicates that further analysis is likely necessary in order to determine if investing in ZEROFOX HOLDINGS is wise. Nevertheless, the increase in revenues is promising, and investors should continue to watch the company’s performance in the coming quarters.
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