MicroStrategy Incorporated Shines with Record-Breaking Q2 Profits and Revenues
May 2, 2023
Trending News ☀️
MICROSTRATEGY ($NASDAQ:MSTR): The company reported Non-GAAP EPS of $30.59, exceeding expectations by $30.32, and revenue of $121.62M, surpassing estimates by $2.58M. This marks the highest quarter of profits and revenues in the company’s history. MicroStrategy is a publicly traded company providing enterprise analytics and mobility software to business organizations around the world. The company’s comprehensive suite of products include data warehouse platform, business intelligence authoring and reporting tools, mobile app development platform, and more.
Its mobile app development platform, MicroStrategy Mobile, enables companies to develop secure, cutting-edge mobile apps for their customers. Its record-breaking profits and revenues suggest that its products are gaining traction among businesses. Moving forward, the company is well-positioned to capitalize on its strong growth momentum as it continues to expand its enterprise analytics and mobility software solutions.
Share Price
On Monday, MicroStrategy Incorporated (MSTR) stock opened at $320.0 and closed at $307.5, dropping 6.4% from the prior closing price of 328.4. The strong second quarter performance was also accompanied by a healthy outlook for the rest of the year. MSTR expects their analytics revenue to continue to grow, and they recently acquired Zenso Technologies in order to expand their analytics capabilities even further. With strong revenue and income growth, as well as plans for continued expansion, MSTR looks to be in a very strong position moving forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Microstrategy Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 499.26 | -1.47k | -139.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Microstrategy Incorporated. More…
| Operations | Investing | Financing |
| 3.21 | -278.59 | 265.19 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Microstrategy Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.41k | 2.79k | -33.17 |
Key Ratios Snapshot
Some of the financial key ratios for Microstrategy Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.9% | 126.2% | 2.1% |
| FCF Margin | ROE | ROA |
| -57.5% | -2.3% | 0.3% |
Analysis
At GoodWhale, we take a deep dive into the fundamentals of MICROSTRATEGY INCORPORATED to give you a comprehensive analysis of the company. Based on our Star Chart, MICROSTRATEGY INCORPORATED is classified as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. This bodes well for potential investors and leads us to conclude that MICROSTRATEGY INCORPORATED is a stable company with a lot of assets. MICROSTRATEGY INCORPORATED has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it might be able to safely ride out any crisis without the risk of bankruptcy. It also has strong profitability, but weak assets, dividend, and growth potential. For these reasons, we believe investors who are looking for an established company with a significant asset base may be interested in MICROSTRATEGY INCORPORATED. Its stable performance, despite some weaknesses, could make it a great long-term investment. More…
Peers
The company’s main competitors are Coinbase Global Inc, Riot Blockchain Inc, Bakkt Holdings Inc.
– Coinbase Global Inc ($NASDAQ:COIN)
Coinbase Global Inc is a digital asset exchange company. The Company’s mission is to create an open financial system for the world. The Company operates a digital currency exchange platform for individual and institutional investors, traders, and developers. The Company offers its products and services through its online platform and mobile application. The Company serves customers in North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
– Riot Blockchain Inc ($NASDAQ:RIOT)
Riot Blockchain Inc has a market cap of 893.37M as of 2022. The company’s ROE for the same year is -2.48%. Riot Blockchain Inc is a provider of blockchain technology solutions to the global financial markets. The company’s mission is to be the leading blockchain technology provider in the world.
– Bakkt Holdings Inc ($NYSE:BKKT)
Bakkt Holdings Inc is a company that provides digital asset custody, trading, and other financial services. As of 2022, the company had a market capitalization of 164.26 million and a return on equity of -26.03%. The company’s primary focus is on digital assets, such as Bitcoin, and providing custody, trading, and other financial services related to these assets.
Summary
MicroStrategy Incorporated is a publicly traded business intelligence, mobile software, and cloud-based services company. The Non-GAAP earnings per share beat the analyst estimates by 30.32 and the revenue was 2.58 million higher than expected. Despite these impressive numbers, the stock price moved down the same day.
This could indicate that investors are concerned about future growth prospects for the company. Analysts recommend that investors should look at the company’s long-term performance and fundamentals to make an informed decision about investing in MicroStrategy Incorporated.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
