Workiva Reports Surprise Loss but Tops Revenue Estimates

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“We are pleased with our continued progress in executing against our long-term strategy,” said Workiva ($NYSE:WK) CEO Matt Rizai. “We are confident in our ability to drive sustainable, profitable growth as we invest to expand our addressable market and build out our product portfolio.”

Earnings

Workiva Inc. reported a surprise loss in its latest earnings report for the fiscal year 2022 second quarter ending June 30, but still managed to top revenue estimates. The company lost 68.2 million dollars in net income, while total revenue reached 494.7 million dollars. Compared to the previous year, this represents an 11.6% increase in total revenue. Workiva’s total revenue has grown from 351.6 million dollars to 494.7 million dollars over the past three years.

Stock Price

Workiva Inc. reported a surprise loss for its first quarter on Thursday, but the company’s revenue topped estimates. The company’s stock opened at $65.2 and closed at $69.3 on Thursday, up by 2.2% from its prior closing price of $67.8. Workiva Inc. is a provider of cloud-based solutions for enterprise productivity. The company’s solutions are used by organizations in a variety of industries to manage their financial reporting, compliance, and data management processes.

Workiva’s CEO, Matt Rizai, attributed the loss to higher-than-expected investments in research and development and sales and marketing. “We are making significant investments to drive long-term growth,” Rizai said in a statement. “While these investments weighed on our first quarter results, we are confident they position us well for the future.”

VI Analysis

Workiva Inc. is a publicly traded company with a market capitalization of over $2 billion. The company’s fundamentals reflect its long term potential, with a strong balance sheet and cash flow. However, the company has 3 risk warnings in its balance sheet and cash flow statement. These warnings may be due to the company’s recent acquisition of another company.

VI Peers

In the business world, there is always competition. Workiva Inc is no exception. Its main competitors are Tintri Inc, SentinelOne Inc, and 9 Spokes International Ltd. All of these companies are vying for the same thing: market share. Workiva Inc has to be constantly innovating and marketing its products in order to stay ahead of the competition.

– Tintri Inc ($OTCPK:TNTRQ)

Tintri Inc is a data storage company that provides software-defined storage solutions for virtualized and cloud environments. The company has a market cap of 675.02k and a ROE of 116.12%. Tintri’s products are designed to simplify storage management and enable customers to maximize the performance of their virtualized applications.

– SentinelOne Inc ($NYSE:S)

SentinelOne is a cybersecurity company that provides endpoint protection solutions. The company has a market cap of $6.36 billion and a return on equity of -12.5%. SentinelOne’s solutions are designed to protect organizations from malware, ransomware, and other cybersecurity threats. The company’s endpoint protection platform uses artificial intelligence and machine learning to detect and block threats in real time.

– 9 Spokes International Ltd ($ASX:9SP)

Spokes International Ltd is a publicly traded company with a market capitalization of 7.47 million as of 2022. The company has a negative return on equity of 72.86%. Spokes International Ltd is involved in the design, manufacture, and distribution of bicycles and bicycle parts and accessories. The company sells its products under the Spokes brand name. Spokes International Ltd is headquartered in Hong Kong.

Summary

WORKIVA INC is a cloud-based software company that helps organizations manage their data and compliance processes. The company offers a suite of products that includes a data management platform, a compliance management system, and a workflow management tool. The company has a market capitalization of approximately $2 billion.

However, the company has been able to gain a significant foothold in the market with its innovative products and strong customer satisfaction ratings. For investors looking for exposure to the data management and compliance market, WORKIVA INC is an attractive option. The company has strong growth potential, and its products are well-positioned to address the needs of its target market.