Monday, August 10, 2020

Why Alteryx Stock Plunged Today

 Here is the link. 

Fast growth, volatile stock

Data analytics companies garnered a lot of attention in 2019. Google parent Alphabet purchased Looker for $2.6 billion, and salesforce.com bought industry leader Tableau for $15.7 billion. And those left over notched massive growth. Alteryx specifically ended 2019 having brought in $418 million in revenue, a 65% increase. Pretty impressive, especially considering it built on a 55% revenue gain in 2018.

In the early days of the pandemic, Alteryx started the new decade strong. Sales grew by a massive amount again year over year, and the software platform continued operating at an exceptionally high gross profit margin (revenue less cost of the service). The dollar-based net expansion rate was 128%, implying that in addition to the company signing up new customers, existing ones spent an average 28% more with Alteryx than they did a year ago.  

Metric

Full Year 2019

Full Year 2018

Change

Revenue

$109 million

$76.0 million

43%

Adjusted gross profit margin

91.3%

90.5%

(0.8 pp)

Adjusted net income (loss)

($6.45 million)

$2.99 million

N/A

Free cash flow

$15.0 million

$14.5 million

3%

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