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417: Am Beispiel von Palantir führt Pip detailliert durch Income Statement, Balance Sheet und Cash Flow Statement und erklärt, was die einzelnen Positionen bedeuten und warum es überhaupt 3 Berichte braucht. Worauf achtet Pip beim Lesen der Zahlen besonders? Was steckt auf Yahoo Finance unter Valuation Measures & Financial Highlights? Wieso berechnet Pip in unserem Sheet kein Discounted Cash Flow (DCF) Modell? Entdecke die Angebote unserer Werbepartner auf doppelgaenger.io/werbung. Vielen Dank! Philipp Glöckler und Philipp Klöckner sprechen heute über: (00:00:00) Intro (00:05:55) Earnings Report (00:19:00) 3 Pflichtbestandteile (00:20:45) Income Statement: Gewinn- und Verlustrechnung (00:50:45) Balance Sheet: Bilanz (01:04:40) Cash Flow Statement: Kapitalflussrechnung (01:13:40) Non Gaap (01:16:30) Free Cashflow (01:17:40) Adjusted Ebitda (01:19:30) welche Kennzahlen schaut Pip sich an (01:25:00) Discounted Cashflow (01:35:15) Enterprise vs Equity Value Shownotes Palantir CEO Nordic Walking: Youtube
Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.This final episode of our 2024 SEC comment letter podcast miniseries discusses non-GAAP measures. Non-GAAP measures are commonly used by companies as supplements to their financial statements to deepen investors' understanding of their performance or financial condition. Given their importance, not only does non-GAAP top the list this year, but it's been a top focus area for the SEC staff in the last several years, and we expect that trend to continue. We discuss the issues most frequently raised by the SEC staff and offer advice to preparers for getting ahead of them. In this episode, we discuss: 3:11 – Overview of non-GAAP comment letter trends 9:09 – Insights into comments on basic compliance areas 22:24 – Individually tailored accounting principles 27:27 – Adjustments for cash operating expenses that are normal and recurring41:17 – Controls over non-GAAP measures46:12 – Advice and other considerations when responding to comment letters51:38 – Potential post-election impacts on the SEC For more information, see our full analysis of SEC comment letter trends and our publication Earnings with a twist: 2024 update on SEC non-GAAP comment trends. Also, check out our other episodes in this miniseries. Kevin Vaughn is a PwC National Office partner specializing in SEC reporting matters. Kevin leverages his extensive experience to support PwC public company and pre-IPO clients on accounting and SEC reporting matters. Prior to joining PwC in 2023, Kevin spent over 18 years at the SEC, most recently serving on the leadership team in the SEC's Office of the Chief Accountant where he focused on technical accounting consultations, SEC rulemakings, and standard setting matters. Lindsay McCord is a PwC National Office partner specializing in matters related to the SEC and the capital markets. Prior to joining PwC, Lindsay spent over 15 years at the SEC, most recently as the Chief Accountant in the Division of Corporation Finance. In this role, Lindsay led an accounting team in providing technical accounting and reporting support to the Division, including SEC rulemaking, interpretation, and guidance. Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.This next episode of our 2024 SEC comment letter podcast miniseries discusses Foreign Private Issuers (FPIs). Many of the considerations we talk about for other SEC filers also apply to FPIs; however, there can be some differences and added complexities. We discuss the issues most frequently raised by the SEC staff, including those unique to FPIs, and offer advice to preparers for getting ahead of them. In this episode, we discuss:7:24 – Comment letter trends specific to FPIs, including those related to: 8:55 – Non-GAAP performance measures16:15 – Segment reporting21:32 – Revenue25:01 – Management's Discussion and Analysis30:29 – Financial instruments41:39 – FPI status re-assessment44:53 – IFRS segment reporting considerations 47:45 – Other accounting and reporting reminders related to FPIsFor more information, see our full analysis of SEC comment letter trends. Also, check out our other episodes in this miniseries:SEC comment letters – What's trending in 20242024 SEC comment letter trends: Revenue2024 SEC comment letter trends: Business combinations2024 SEC comment letter trends: Segment reporting2024 SEC comment letter trends: MD&AAdditionally, follow this podcast on your favorite podcast app for more episodes.Patrick Higgins is a Deputy Chief Accountant in PwC's National Office responsible for our SEC foreign private issuer and IFRS teams. Patrick has also served as a global signing partner in a variety of countries and industries. Kevin Vaughn is a PwC National Office partner specializing in SEC reporting matters. Kevin leverages his extensive experience to support PwC public company and pre-IPO clients on accounting and SEC reporting matters. Prior to joining PwC in 2023, Kevin spent over 18 years at the SEC, most recently serving on the leadership team in the SEC's Office of the Chief Accountant where he focused on technical accounting consultations, SEC rulemakings, and standard setting matters.Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
Discussion by Google NotebookLM AI of the following Matterport media release --- Matterport Announces Record Third Quarter 2024 Financial Results 1. Record total revenue of $43.8 million, up 8% year-over-year 2. Q3 annualized recurring revenue crosses $100 million milestone, up 11% year-over-year 3. Net loss improved 14% year-over-year; Non-GAAP net loss improved 80% year-over-year 4. Total subscribers grew to 1.1 million, up 25% year-over-year 5. Square feet under management reached 47.3 billion, up 34% from prior year SUNNYVALE, Calif., Tuesday, November 12, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended September 30, 2024. “I'm pleased to share our third-quarter 2024 results, highlighting our continued success driving efficient growth,” said RJ Pittman, Chairman and CEO of Matterport. “Total square feet managed reached 47.3 billion, up 34% year-over-year, with annual recurring revenue hitting a record $101.5 million, an 11% increase year-over-year,” Pittman added. “Our Fall 2024 Release introduced groundbreaking AI-powered tools designed to elevate digital twin applications and real estate listings. With one-click defurnishing and automated property descriptions from a Matterport digital twin, customers save time, streamline workflows, and enhance their listings. Features like 3D model merge, field tags, and bill-back processing bring unmatched speed, efficiency, and precision to managing spaces at scale for agents, contractors, and enterprise teams alike.” “We believe our innovation pipeline is the strongest it's ever been, and with customers raving about our Fall 2024 Release, we're setting the stage for more bold, product-led growth in 2025,” Pittman concluded. “Our strong third quarter performance propelled the company to a new record for total revenue, $43.8 million, up 8% year-over-year,” said JD Fay, Chief Financial Officer of Matterport. “Further, our continued focus on operating expense discipline helped deliver near break-even results, yielding a non-GAAP loss per share of just $0.01. These results demonstrate that customers continue to adopt Matterport while underscoring our commitment to growth and profitability.” Third Quarter 2024 Financial Highlights 1. Square feet under management reached 47.3 billion, up 34% year-over-year 2. Spaces under management reached 13.6 million, up 22% year-over-year 3. Total subscribers reached 1.1 million, up 25% year-over-year 4. Subscription revenue of $25.4 million, up 11% year-over-year 5. Annualized Recurring Revenue (ARR) was $101.5 million 6. Total revenue was $43.8 million 7. Net loss of $0.12 per share; Non-GAAP net loss of $0.01 per share, which is a 75% improvement year-over-year 8. Cash used in operating activities was $18.6 million for the first nine months of 2024, a 61% improvement year-over-year Recent Business Highlights Announced the Fall 2024 Release, a groundbreaking suite of new tools designed to reshape the way professionals design, build, and market properties. Through the power of generative AI, Matterport users can now easily reimagine the potential of any space, transforming digital twins from static replicas into dynamic canvases for creativity. Announced that Matterport is contributing to the promotion of digital twin use by Tokyu Construction Co., Ltd., an advanced digital utilization company in civil engineering and infrastructure construction. Matterport's digital twin solutions are used in a wide range of phases of construction projects, including current status surveys, completed form management, streamlining and enhancing the scanning of point cloud data, and facilitating consensus building and communication among construction-related parties. In August, Matterport released its third Environmental, Social, and Governance Report which sets ambitious targets for the Company's top ESG priorities, including reducing emissions and fostering gender equality in the workplace. The new Report also showcases the Company's success helping its more than one million subscribers reduce their own carbon emissions by using Matterport's digital twins to reduce travel to the more than 13 million spaces that are on the Matterport digital twin platform. Transaction with CoStar Group, Inc. Given the pending acquisition of Matterport by CoStar Group, Inc. that was announced on April 22, 2024, Matterport will not be holding a conference call or live webcast to discuss quarterly financial results. Also, in light of the pending transaction, the Company had previously suspended its financial guidance for the full fiscal year 2024 and will not be providing financial guidance for the upcoming fiscal quarter. At a special meeting of stockholders held on July 26, 2024, Matterport stockholders approved the transaction with CoStar Group, Inc. The completion of the transaction remains subject to the expiration or termination of the waiting period imposed by the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended, and the satisfaction or waiver of the other closing conditions specified in Matterport's agreement with CoStar Group, Inc. The transaction is expected to close in the fourth quarter of 2024 or the first quarter of 2025. About Matterport Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at matterport.com and browse a gallery of digital twins. ©2024 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners. --- Source: Matterport via Globe Newswire
Discussion by Google NotebookLM AI of the following Matterport media release --- Matterport Announces Record Third Quarter 2024 Financial Results 1. Record total revenue of $43.8 million, up 8% year-over-year 2. Q3 annualized recurring revenue crosses $100 million milestone, up 11% year-over-year 3. Net loss improved 14% year-over-year; Non-GAAP net loss improved 80% year-over-year 4. Total subscribers grew to 1.1 million, up 25% year-over-year 5. Square feet under management reached 47.3 billion, up 34% from prior year SUNNYVALE, Calif., Tuesday, November 12, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended September 30, 2024. “I'm pleased to share our third-quarter 2024 results, highlighting our continued success driving efficient growth,” said RJ Pittman, Chairman and CEO of Matterport. “Total square feet managed reached 47.3 billion, up 34% year-over-year, with annual recurring revenue hitting a record $101.5 million, an 11% increase year-over-year,” Pittman added. “Our Fall 2024 Release introduced groundbreaking AI-powered tools designed to elevate digital twin applications and real estate listings. With one-click defurnishing and automated property descriptions from a Matterport digital twin, customers save time, streamline workflows, and enhance their listings. Features like 3D model merge, field tags, and bill-back processing bring unmatched speed, efficiency, and precision to managing spaces at scale for agents, contractors, and enterprise teams alike.” “We believe our innovation pipeline is the strongest it's ever been, and with customers raving about our Fall 2024 Release, we're setting the stage for more bold, product-led growth in 2025,” Pittman concluded. “Our strong third quarter performance propelled the company to a new record for total revenue, $43.8 million, up 8% year-over-year,” said JD Fay, Chief Financial Officer of Matterport. “Further, our continued focus on operating expense discipline helped deliver near break-even results, yielding a non-GAAP loss per share of just $0.01. These results demonstrate that customers continue to adopt Matterport while underscoring our commitment to growth and profitability.” Third Quarter 2024 Financial Highlights 1. Square feet under management reached 47.3 billion, up 34% year-over-year 2. Spaces under management reached 13.6 million, up 22% year-over-year 3. Total subscribers reached 1.1 million, up 25% year-over-year 4. Subscription revenue of $25.4 million, up 11% year-over-year 5. Annualized Recurring Revenue (ARR) was $101.5 million 6. Total revenue was $43.8 million 7. Net loss of $0.12 per share; Non-GAAP net loss of $0.01 per share, which is a 75% improvement year-over-year 8. Cash used in operating activities was $18.6 million for the first nine months of 2024, a 61% improvement year-over-year Recent Business Highlights Announced the Fall 2024 Release, a groundbreaking suite of new tools designed to reshape the way professionals design, build, and market properties. Through the power of generative AI, Matterport users can now easily reimagine the potential of any space, transforming digital twins from static replicas into dynamic canvases for creativity. Announced that Matterport is contributing to the promotion of digital twin use by Tokyu Construction Co., Ltd., an advanced digital utilization company in civil engineering and infrastructure construction. Matterport's digital twin solutions are used in a wide range of phases of construction projects, including current status surveys, completed form management, streamlining and enhancing the scanning of point cloud data, and facilitating consensus building and communication among construction-related parties. In August, Matterport released its third Environmental, Social, and Governance Report which sets ambitious targets for the Company's top ESG priorities, including reducing emissions and fostering gender equality in the workplace. The new Report also showcases the Company's success helping its more than one million subscribers reduce their own carbon emissions by using Matterport's digital twins to reduce travel to the more than 13 million spaces that are on the Matterport digital twin platform. Transaction with CoStar Group, Inc. Given the pending acquisition of Matterport by CoStar Group, Inc. that was announced on April 22, 2024, Matterport will not be holding a conference call or live webcast to discuss quarterly financial results. Also, in light of the pending transaction, the Company had previously suspended its financial guidance for the full fiscal year 2024 and will not be providing financial guidance for the upcoming fiscal quarter. At a special meeting of stockholders held on July 26, 2024, Matterport stockholders approved the transaction with CoStar Group, Inc. The completion of the transaction remains subject to the expiration or termination of the waiting period imposed by the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended, and the satisfaction or waiver of the other closing conditions specified in Matterport's agreement with CoStar Group, Inc. The transaction is expected to close in the fourth quarter of 2024 or the first quarter of 2025. About Matterport Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at matterport.com and browse a gallery of digital twins. ©2024 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners. --- Source: Matterport via Globe Newswire
Tesla Q3 2024: Profits Beat Expectations, Revenue Falls Short The main financial details from the Q3 2024 report are as follows: $ 25.182 billion in revenue $ 0.72 profit per share (Non-GAAP accounting) Here's what Tesla was expected to report, according to analysts: Revenue: ~$25.46 billion Profit per share: $0.60
Text us your thoughts on this episodeThis episode is your one-stop shop covering the latest reporting and rulemaking developments at the SEC. With almost 40 years of combined experience at the SEC, our guests, National Office partners Kyle Moffatt and Kevin Vaughn, share their insights on all things SEC.In this episode, we discuss:2:10 – Potential impacts of a change in presidential administration5:40 – The SEC's rulemaking agenda7:28 – Recent court actions impacting the SEC21:10 – Non-GAAP measures29:00 – Cybersecurity37:24 – Artificial intelligence41:33 – Other SEC focus areas46:36 – 90 years of history at the SECFor more information on topics discussed during the podcast see our publications To GAAP or to non-GAAP, SEC adopts cybersecurity disclosure rules, and SEC comment letter trends. For more on the SEC's 90 year history, follow the SEC on LinkedIn. Also, for more of our episodes follow this podcast on your favorite podcast app.Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Kevin Vaughn is a partner in PwC's National Office. Prior to joining PwC, Kevin was senior associate chief accountant in the Office of the Chief Accountant (OCA) at the SEC where he spent almost 20 years focusing on complex financial reporting and technical accounting issues.Heather Horn is the PwC National Office Sustainability & Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC's global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC's quarterly webcast series. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
Matterport Announces Second Quarter 2024 Financial Results 1. Annualized Recurring Revenue hits record $96.6 million, up 16% year-over-year 2. Cash used in operating activities for the first half of 2024 improved 64% year-over-year 3. Total subscribers grew to 1.06 million, up 28% year-over-year 4. Square feet under management reached 44.0 billion, up 33% from prior year SUNNYVALE, California, August 6, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended June 30, 2024. "I'm pleased to announce our second-quarter 2024 results, which underscore our ongoing success in driving efficient growth," said RJ Pittman, Chairman and CEO of Matterport. "Subscription revenue increased by 16% year-over-year, reaching a record $24.2 million, and now accounts for over 57% of our total revenue. This growth highlights our strategic focus on expanding the recurring subscription revenue within our business," Pittman added. “Q2 was marked by bold product innovation as we continue to develop new products and deliver exceptional value to our customers. Our latest AI initiative, Project Genesis, along with our spatial data-driven efforts like Property Intelligence from our Q1 Winter Release, have been well received by customers and partners. We are actively developing the future of the digital twin and look forward to unveiling more breakthroughs in our Fall Release later this year.” “Our second quarter results represent continued revenue growth and improvements in Non-GAAP net loss per share year-over-year. Steady subscription revenue growth, gross margin expansion, and continued operating expense discipline drove our non-GAAP loss per share to $0.02, which is a 71% year-on-year improvement. These results underscore our steadfast commitment to profitability and highlight the significant progress we are making in transforming the industry. As we continue to drive the adoption of Matterport digital twins, we are not just experiencing growth; we are shaping a future where digital transformation empowers our customers and redefines the built world,” said JD Fay, Chief Financial Officer of Matterport. Also today, Matterport released the company's third Environmental, Social, and Governance report assessing the impact of Matterport's products and programs toward driving sustainable and equitable outcomes. More information can be found on the company's website at: www.Matterport.com/esg Second Quarter 2024 Financial Highlights 1. Square feet under management hit 44.0 billion, up 33% year-over-year 2. Spaces under management reached 13.0 million, up 24% year-over-year 3. Total subscribers reached 1.06 million, up 28% year-over-year 4. Subscription revenue of $24.2 million, up 16% year-over-year 5. Annualized Recurring Revenue (ARR) was $96.6 million 6. Total revenue was $42.2 million 7. Net loss of $0.45 per share, and Non-GAAP net loss of $0.02 per share, which is a 71% improvement year-over-year 8. Cash used in operating activities was $11.8 million for the first half of 2024, a 64% improvement year-over-year --- Matterport media release continues in the We Get Around Network Forum: https://www.wegetaroundnetwork.com/topic/20123/page/1/matterport-announces-second-quarter-2024-financial-results/
What's the difference between GAAP and the ambiguous "Non-GAAP" earnings that we often see in company financials? For recruiting help, join the WSO Academy waitlist today!Contact: investmentbankinginsights@gmail.com
Matterport Announces First Quarter 2024 Financial Results 1. Annualized Recurring Revenue hits record $96 million, up 21% year-over-year 2. Net loss improved 33% year-over-year; Non-GAAP net loss improved 80% year-over-year 3. Cash used in operating activities improved 81% year-over-year 4. Net Dollar Expansion rate of 107% 5. Total subscribers reach 1.0 million, up 30% year-over-year 6. Square feet under management reached 40.7 billion, up 35% from prior year SUNNYVALE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended March 31, 2024. “I'm pleased to announce our first quarter 2024 results, which reflect our continued success in driving efficient growth for the company,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “Subscription revenue grew 21%, hitting a record $24 million for the period, and now represents more than 60% of our total revenue - emphasizing our focus to elevate the SaaS mix within our business,” Pittman added. “More recently, we announced that we entered into a definitive agreement to be acquired by CoStar Group. We are thrilled to join forces with CoStar, a long-standing customer and partner with a shared vision for transforming global real estate through technology and digitization. This transaction is another significant milestone that acknowledges the groundbreaking work Matterport has accomplished in 3D digital twin technology and AI-driven property intelligence. With CoStar Group's expansive reach and scale in property research and analytics and our joint commitment to innovation, we believe that this powerful combination will transform how properties are marketed, sold, and managed worldwide. Importantly, it offers Matterport's stockholders the opportunity to participate in the value creation and future growth prospects of our combined efforts.” “Our first quarter results represent an excellent start to 2024. Subscription revenue growth, gross margin expansion, and continued operating expense discipline drove our non-GAAP loss per share to $0.01, which is an 86% year-on-year improvement. These results again demonstrate our commitment to profitability and the progress we've made toward achieving positive cash flow as we continue to drive adoption of Matterport digital twins,” said JD Fay, Chief Financial Officer of Matterport. First Quarter 2024 Financial Highlights 1. Total subscribers reached 1.0 million, up 30% year-over-year 2. Square feet under management hit 40.7 billion, up 35% year-over-year 3. Spaces under management reached 12.3 million, up 24% year-over-year 4. Subscription revenue of $24.0 million, up 21% year-over-year 5. Annualized Recurring Revenue (ARR) was $96.0 million 6. Total revenue of $39.9 million 7. Net loss of $0.12 per share, a 33% improvement year-over-year 8. Non-GAAP net loss of $0.01 per share, an 86% improvement year-over-year 9. Cash used in operating activities was $3.8 million, an 81% improvement year-over-year 10. Net dollar expansion rate was 107% 11. Cash and investments of $419 million with no debt --- Matterport media release continues in the We Get Around Network Forum: https://www.wegetaroundnetwork.com/topic/19810/page/1/matterport-first-quarter-2024-financial-results/
Matterport Announces Fourth Quarter and Full Year 2023 Financial Results Demonstrating Strong Recurring Revenue Growth and Reaffirms 2024 Profitability Target ====================================================== Matterport Deck (PDF) February 20, 2024 | Fourth Quarter 2023 Financial Results ====================================================== 1. Q4 Annualized Recurring Revenue hits record $94.7 million, up 23% year-over-year 2. Q4 net loss improved 27% year-over-year; Non-GAAP net loss improved 55% year-over-year 3. Q4 cash used in operating activities improved 46% year-over-year 4. Q4 Net Dollar Expansion rate of 109% reaches highest level in two years 5. FY2023 total subscribers up 34% from prior year 6. FY2023 square feet under management up 36% from prior year SUNNYVALE, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter and year ended December 31, 2023. “We closed 2023 on a high note with fourth quarter total revenue of $39.5 million, in line with our guidance range. Subscription revenue growth accelerated to 23% year-over-year, ahead of our expectations, driven by broad based strength across our global customer base. Our net dollar expansion rate expanded to 109%, the highest level in two years, as we helped customers work faster and more efficiently to improve business productivity and reduce operational costs,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “I'm incredibly excited about our 2024 Winter Release where we introduced Property Intelligence - a suite of AI-powered features and automations - along with new capabilities and add-ons that our customers are craving. This launch sets the stage for 2024 to be the year of the intelligent digital twin, fueling our AI-driven revenue growth and accelerating us towards our profitability goal,” Pittman added. “We made excellent progress in 2023. We drove strong revenue growth, robust gross margin expansion, and significant operating expense reductions - all leading to a 46% year-over-year improvement in non-GAAP loss per share and 50% improvement in our cash used in operations,” said JD Fay, Chief Financial Officer of Matterport. “In 2024, our accelerating subscription revenue growth and continued focus on efficient investments are expected to drive rapid progress to cash flow from operations profitability later this year.” Fourth Quarter and Full Year 2023 Financial Highlights 1. Q4 subscription revenue of $23.7 million, up 23% year-over-year 2. Q4 Annualized Recurring Revenue (ARR) was $94.7 million 3. Q4 total revenue of $39.5 million 4. Q4 net loss of $0.14 per share, a 33% improvement year-over-year 5. Q4 Non-GAAP net loss of $0.04 per share, a 56% improvement year-over-year 6. Q4 cash used in operating activities was $10.4 million, an improvement of 46% year-over-year 7. Q4 net dollar expansion rate was 109%, up from the prior quarter and the highest level in two years 8. Q4 cash and investments of $423 million with no debt 9. FY2023 total revenue of $157.7 million, up 16% from prior year 10. FY2023 cash used in operating activities improved to $58.7 million, a 50% improvement from the prior year 11. FY2023 total subscribers increased to 938,000, up 34% year-over-year 12. FY2023 spaces under management increased to 11.7 million, up 27% year-over-year 13. FY2023 square feet under management reached 38.0 billion, up 36% from prior year Recent Business Highlights 1. Last week, launched the Matterport 2024 Winter Release - a suite of AI-powered features and new capabilities for the next generation intelligent digital twin - revolutionizing the way properties are analyzed by automating insightful property data and new customizations in Matterport spaces. This collection of breakthrough automations, plugins and add-ons bolster the company's Property Marketing, Design and Construction, and Facilities Management solutions. 2. Announced a new multi-year partnership with Vacasa to leverage Matterport's Digital Twin Platform and Capture Services. Vacasa will expand its use of Matterport's Digital Twin Platform as an integral part of its home onboarding and guest service experiences for the tens of thousands of properties Vacasa manages. 3. Announced an agreement with Visiting Media, a global leader in immersive sales enablement and channel distribution solutions for the hospitality sector. Visiting Media serves tens of millions of users around the globe, supporting the world's largest hospitality brands including Hilton, Hyatt, IHG Hotels and Resorts and more. 4. Announced a new partnership with Belden intended to deliver 3D digital twin-powered connectivity solutions for facilities management across industrial automation, smart buildings, broadband and more. Matterport's Property Intelligence, the company's proprietary AI solution to analyze real estate properties at scale was named 2023's Best SaaS Product For Real Estate & Property Management by the International SaaS Awards. 5. Announced its membership as an Autodesk Construction Cloud® Premium Partner, helping bring Matterport's 4K digital twins to even more construction professionals. Autodesk Construction Cloud is a portfolio of software services that combines advanced technology, a builders network and predictive insights for construction teams. 6. Announced the University of Manchester implemented Matterport's Digital Twin Platform for the renowned Martin Harris Centre for Music and Drama (MHC) to revolutionize the way students interact with the center, enhancing their understanding of the facilities on offer and improving their overall experience. 7. Announced new high density scanning capabilities for Matterport's revolutionary 3D camera, Pro3. Available now in beta, high density scanning makes as-built modeling with Matterport even easier, helping streamline workflows, minimize errors, and accelerate project timelines. This widens Matterport's leading position in high fidelity digital twin reconstruction. 8. Released the company's second Environmental, Social, and Governance (ESG) report assessing the impact of Matterport's products and programs toward driving sustainable and equitable outcomes. The report builds on the company's inaugural report last year as the company further establishes company-wide ESG goals and commitments. The findings continue to demonstrate Matterport's technology is a highly effective alternative to completing tasks that historically required travel. First Quarter and Full Year 2024 Outlook The Company is providing the following financial guidance for the first quarter and full year 2024. This guidance will be discussed in greater detail on today's conference call. --- Matterport media release continues in the We Get Around Network Forum: https://www.wegetaroundnetwork.com/topic/19526/page/1/matterport-announces-fourth-quarter-and-full-year-2023-financial-results/
Signet Jewelers Limited recently released their earnings report. During the earnings call, CEO Gina Drosos informed investors of an uptick in engagement ring sales as a potentially promising indicator of the recovery of engagements. This progression coincides with expected relationship milestones and refashions an optimistic outlook. Continuing with the progression, Signet Jewelers Limited has consistently outperformed earnings expectations with a reported EPS of $0.24, which exceeded the anticipated $0.15. The latest quarter's sales reported a remarkable figure of approximately $1.4 billion. The non-GAAP operating income superseded prior projections. The company noted positive indicators in its bridal segment and reported favorable results during the recent Black Friday sale, further enhancing its performance. The company revealed notable financial strides marked by four sequential years of positive earnings in Q3, a remarkable bearing factoring in this quarter's typical status as a loss period. Non-GAAP margins saw notable enhancement along with an increase in the gross merchandise margin. Additionally, a strategic reduction in inventory levels yielded an opportunity to refresh product assortments achieving a competitive edge. Despite these strides, the business grapples with a few setbacks, such as a 12.1% downtick in sales compared to the corresponding period from last year and decreased customer footfalls. In tandem, increased investments in marketing and strategic initiatives resulted in a surge in SG&A expenses. In response to these headwinds, Signet Jewelers Limited reaffirmed its commitment to invest in marketing and merchandise strategies. The strategy is aimed at fortifying its commitments for Q4 and enhancing its market share. The focus remains on recovery in the sales of engagement rings, leveraging its strong standing in the bridal market. The company plans to use its customer data platform, loyalty program, and personalized marketing capabilities to match evolving customer demand. Additionally, services such as extended service agreements and repair services are instrumental in improving customer retention. Looking ahead, the company's focus remains on delivering on its financial commitments and gaining market share through its sustained marketing and merchandise strategies. With an objective to maximize the recovery in engagement rates, the company expects enduring growth and improved customer lifetime value. The company plans to use its scale and competitive advantages to weather industry volatility and macroeconomic pressures. Inventory management through turns, leveraging AI-based capabilities, and strengthening digital and marketing prowess remain key focus areas. Lastly, the company aims to accomplish cost savings while focussing on services and accessible luxury offerings to cater to customer preferences. SIG Company info: https://finance.yahoo.com/quote/SIG/profile For more PSFK research : www.psfk.com This email has been published and shared for the purpose of business research and is not intended as investment advice.
In each episode of our 2023 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, host Heather Horn sat down with PwC National Office partner Kevin Vaughn to discuss the SEC staff's continued focus on non-GAAP measures, the area with the highest number of comments.In this episode, you'll hear:3:06 - The significance of non-GAAP measures and why they continue to be a focus area for the SEC7:50 - Updates on new and amended compliance and disclosure interpretations (C&DIs) related to non-GAAP measures and their impact on comment letters18:19 - Advice for preparers when responding to SEC staff comments20:08 - Insights on pervasive comment letter themes, including:20:27 - Undue prominence of non-GAAP measures21:40 - Reconciliation of non-GAAP measures and the differentiation between recurring and non-recurring expenses27:10 - Other top comment letter themes in non-GAAP comments, including nature of non-GAAP adjustments, disclosure requirements for non-GAAP measures, and labeling and identification of non-GAAP measures35:23 - Recent enforcement actions related to non-GAAP measures37:52 - Final advice on non-GAAP measures ahead to year-end reportingWant to learn more? Check out our analysis of SEC comments on non-GAAP measures and our publication on non-GAAP, which includes links to the updated C&DIs. Kevin Vaughn is a partner in PwC's National Office. Prior to joining PwC, Kevin was senior associate chief accountant in the Office of the Chief Accountant (OCA) at the SEC where he spent almost 20 years focusing on complex financial reporting and technical accounting issues.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Follow PwC's accounting podcast on your favorite podcast app for future episodes in this SEC comment letters series, and subscribe to our weekly newsletter to get all of our thought leadership.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
Matterport Announces Third Quarter 2023 Financial Results Above Guidance, Raises 2023 Outlook 1. Q3 subscription revenue reached record $22.9 million, up 20% year-over-year 2. Q3 total revenue of $40.6 million, above high end of guidance range 3. Q3 GAAP loss per share of $0.15 and Non-GAAP loss per share of $0.04, above high end of guidance range 4. Q3 cash used in operations improved 62% year-over-year 5. Company raises 2023 revenue and Non-GAAP loss per share guidance ============================================== Matterport Slide Deck | 3Q23 Financial Results ============================================== SUNNYVALE, California, Monday, November 6, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended September 30, 2023. “I'm pleased to report standout third quarter results with both revenue and loss per share surpassing the high end of guidance. Total revenue for the quarter grew to $40.6 million, fueled by strong uptake from enterprises and SMBs. Subscription revenue jumped 20% year-over-year, to a record $22.9 million, underscoring the growing trust in our platform to boost productivity and cut operational costs,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “As our business continues to grow we are succeeding in generating economies of scale that drive steady improvements in our bottom line, as reflected in our strong earnings beat this quarter. We aim to compound this trend with our recently announced AI-powered property reports and insights currently in Beta,” Pittman added. “Revenue growth, combined with an 800 basis point increase in gross margin and a 15% improvement in operating expense, drove our Non-GAAP loss per share to $0.04, above the high end of our guidance range and a 56% year-over-year improvement,” said JD Fay, Chief Financial Officer of Matterport. “Along with a 62% reduction in cash used in operating activities, these results highlight that we are improving our operating efficiency while continuing to fund our innovation engine to drive top line growth. This strong quarter on the top and bottom lines confirms that we are firmly on our accelerated path to profitability, which we remain confident in achieving next year.” Third Quarter 2023 Financial Highlights 1. Total subscribers increased to 887,000, up 35% year-over-year 2. Spaces under management increased to 11.1 million, up 28% year-over-year 3. Total revenue of $40.6 million, up 7% year-over-year 4. Subscription revenue of $22.9 million, up 20% year-over-year 5. Annualized Recurring Revenue (ARR) exiting the third quarter was $91.4 million 6. Net loss of $0.15 per share 7. Non-GAAP net loss of $0.04 per share, a 56% improvement year-over-year 8. Cash used in operating activities was $15.5 million, an improvement of 62% year-over-year Recent Business Highlights 1. Introduced the next generation of intelligent digital twins with powerful new capabilities fueled by the company's rapid advancements in AI and data science. Now in beta, customers can access automated measurements, layouts, editing, and reporting capabilities generated from their digital twins. Automation marks a significant breakthrough, saving customers time and resources by eliminating the need for manual measurements and reporting by automatically processing the millions of 3D data points captured with a Matterport digital twin. 2. Announced its latest collaboration with Procore Technologies Inc., a leading global provider of construction management software, expanding Matterport's platform ecosystem support for design and construction management software services. Building on the companies' original integration, Procore users can now use features such as Requests For Information, Observations, and Coordination Issues directly within Matterport's photorealistic 3D digital twins, creating a visual system-of-record for site conditions that anyone on a project can track. 3. Announced it has become an Autodesk Premium Partner, deepening the relationship on digital twin collaboration for design & construction. Membership as an Autodesk Construction Cloud® Premium Partner helps bring Matterport's 4K digital twins to even more construction professionals. Autodesk Construction Cloud is a portfolio of software services that combines advanced technology, a builders network and predictive insights for construction teams. 4. Highlighted case studies for Danone and Siemens. Using Matterport Pro3 cameras, Danone captured its facilities in rich 3D imagery in immersive digital twins. Once given access, authorized users can now virtually visit and walk around the production site using a standard computer or mobile device to view the digital twins. The result is reduced travel with a 50% decrease in in-person site visits by company personnel, saving hundreds of employee hours annually. Siemens has captured thousands of square meters of its manufacturing plants overseas. The high-resolution digital twins enable Siemens personnel to meet virtually with new and existing customers to discuss the company's manufacturing capabilities in exquisite detail. 5. Announced its partnership with Equinox Technologies, a distributor of global technologies and Managed Security Services to offer Matterport's digital twin platform to Government, Enterprise and Small-to-Medium sized customers out of its offices in the United Arab Emirates, India, Oman, Saudi Arabia, and South Africa. The Company also announced that it is significantly expanding its presence in Latin America, partnering with CompuSoluciones, one of the largest value-added distributors of technology in the region, as a key distributor of Matterport's digital twin technologies in Mexico and Colombia. 6 Announced it has captured the restored Aso Shrine Gate and surrounding shrine area as part of an initiative to document and reproduce Japanese cultural assets and historical buildings as 3D digital twins. --- Matterport media release continues in the We Get Around Network Forum (www.WGANForum.com): https://www.wegetaroundnetwork.com/topic/19220/page/1/matterport-3q23-subscription-revenue-229-million-up-20-year-over-year/
As comprehensive as your financial reporting should be, it's not the end-all-be-all. In fact, as we dicsuss in this episode of the Accounting Matters podcast, plenty can slip through the GAAP cracks, making non-GAAP measures/disclosures critical for stakeholders. So join us for a lively convo on these measures, including some key best practices and insights from Embark's troop of SEC reporting dynamos.For more information on non-GAAP financial measures and related topics:SEC: Non-GAAP MeasuresGet to Know SEC Reporting Requirements: Forms, Disclosures, and MoreYour First SEC Filing: Get to Know the S-1Connect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.
Matterport Announces Second Quarter 2023 Financial Results 1. Q2 total revenue of $39.6 million, up 39% year-over-year, at high end of guidance range 2. Q2 subscription revenue reached record $20.9 million, at high end of guidance range 3. Q2 GAAP loss per share of $0.19 and Non-GAAP loss per share of $0.07, at high end of guidance range 4. Company raises 2023 Non-GAAP loss per share guidance 5. Accelerates operational cash flow profitability target to 2024 Sunnyvale, California, Tuesday, August 8, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended June 30, 2023. “The second quarter execution was pivotal for the company this year. We delivered record subscription and services revenue while doubling-down on our efficiency initiatives to deliver step function productivity gains in the second half of 2023. Total revenue for the quarter grew to nearly $40 million, fueled by strong enterprise adoption and steady improvements with our small and medium-sized businesses,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “Our strategic partnerships continue to drive pipeline, connect us to large industry ecosystems, open new technology distribution channels, and critically enhance our platform's functionality for customers. Our unmatched digital twin platform equips customers with crucial tools for managing and marketing their properties and facilities. By harnessing our extensive spatial data library, we expect our new AI solutions will generate breakthrough customer value and bolster our subscription revenue per account,” Pittman added. “Our continued growth in total and subscription revenue as well as commitment to streamlining operations have propelled us to another quarter of exceptional bottom-line outperformance, delivering Non-GAAP loss per share toward the top end of guidance,” said JD Fay, Chief Financial Officer of Matterport. “Looking forward, our recent restructuring aims to fast-track our path to operational cash flow profitability to 2024, a full year ahead of our previous plan. These difficult and decisive steps reflect our dedication to constructing a sustainable business emphasizing long-term growth and profitability.” Second Quarter 2023 Financial Highlights 1. Total subscribers increased to 827,000, up 34% year-over-year 2. Spaces under management increased to 10.5 million, up 31% year-over-year 3. Total revenue of $39.6 million, up 39% year-over-year 4. Subscription revenue of $20.9 million, up 13% year-over-year 5. Annualized Recurring Revenue (ARR) exiting the second quarter was $83.5 million 6. Services revenue of $10.7 million, up 113% year-over-year 7. Net loss of $0.19 per share 8. Non-GAAP net loss of $0.07 per share, a 42% improvement year-over-year 9. Cash used in operating activities was $12.4 million, and improvement of 62% year-over-year --- Matterport media release continues in the We Get Around Network Forum (www.WGANForum.com). https://www.wegetaroundnetwork.com/topic/18961/page/1/matterport-announced-2q2023-financial-results-tuesday-8-aug-2023/
Why do companies report both GAAP and Non-GAAP earnings?Contact: investmentbankinginsights@gmail.com
Matterport Announces First Quarter 2023 Financial Results 1. Q1 total revenue of $38.0 million, up 33% year-over-year and above high end of guidance range 2. Q1 subscription revenue reached record $19.8 million, above high end of guidance range 3. Q1 GAAP loss per share of $0.18 and Non-GAAP loss per share of $0.07, $0.03 better than the midpoint of guidance range 4. Strong balance sheet with $456 million in cash and investments and no debt 5. Company raises 2023 guidance driven by strong customer adoption and continued focus on operating efficiency ============================================= Matterport First Quarter 2023 Financial Results - Deck ============================================= SUNNYVALE, California, Tuesday, May 9, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended March 31, 2023. “We are off to a great start in 2023, with first quarter revenue of $38 million; $2 million above the high end of our guidance range, along with strong outperformance on the bottom line with a Non-GAAP net loss per share of $0.07, as we accelerate our path to profitability,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “We set new records across our key metrics with Spaces Under Management reaching 9.9 million by the end of the quarter, more than double the number of spaces we managed at the start of 2021, and we just crossed the 10 million spaces milestone last month,” Pittman added. --- Matterport media release continues in the We Get Around Network (WGAN) Forum (www.WeGetAroundNetworkForum.com).
In this episode of your favorite weekly accounting & finance podcast, AM Now hosts Adam Olsen and Matt Fisser discuss: The SEC's continued focus on non-GAAP measures Artificial intelligence's potential in capital allocation decisions for investors The recent IFRS Sustainability Symposium, the ISSB and their standards So join in on the party, shall you?For more information on these and related topics:ESG Reporting Best Practices: Implementation & BeyondSEC: Non-GAAP Financial MeasuresISSB UpdatesConnect with Embark on: LinkedIn Instagram Twitter Facebook YouTube Listen to AM Now on Apple Podcasts, Google Play, and Spotify.
Matterport Announces Record Fourth Quarter And Full Year 2022 Financial Results Q4 total revenue rose to a record $41.1 million, above Company guidance Q4 subscription revenue rose to a record $19.3 million, above Company guidance Q4 product revenue rose to a record $13.6 million, up 51% sequentially from the prior quarter Q4 GAAP loss per share of $0.21 and Non-GAAP loss per share of $0.09, at the high end of the Company's guidance range 2022 annual revenue rose to a record $136.1 million, up 22% from 2021 Balance sheet remains strong with $477 million in cash and investments and no debt SUNNYVALE, California, Wednesday, February. 22, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced record financial results for the quarter and year ended December 31, 2022. “We delivered record revenue again in the fourth quarter, as our subscriber base continued to grow and our spaces under management exceeded 9 million,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “Enterprise demand remains robust as customers across many verticals, such as manufacturing, AEC, and travel and hospitality, are increasingly turning to Matterport's digital twins for remote facilities management, saving companies measurable travel time and money while boosting productivity. As our digital twin platform ecosystem continues to grow, customers investing in our powerful add-ons will gain more insights and value from their facilities, storefronts, real estate, and office spaces.“ “Our record total revenue for the fourth quarter and year, combined with the actions we have taken to control costs, are yielding significant benefits to our bottom line,” said JD Fay, Chief Financial Officer of Matterport. “Subscription revenue reached $19.3 million, a new record, and we demonstrated broad-based adoption of our solution with subscribers exceeding the 700,000 milestone. At the same time, our disciplined approach to managing operating expenses enabled us to deliver a non-GAAP loss per share of $0.09 in the fourth quarter, at the high-end of our guidance range. I believe the momentum we saw in the second half of 2022 is carrying through to 2023 and sets the stage for another record-breaking year.” Fourth Quarter Financial Highlights Total subscribers increased to 701,000, up 39% year-over-year Spaces Under Management (SUM) increased to 9.2 million, up 37% year-over-year Total revenue was $41.1 million, up 52% year-over-year Subscription revenue was $19.3 million, up 17% year-over-year Product revenue was $13.6 million, up 107% year-over-year Services revenue was $8.3 million, up 122% year-over-year Annualized Recurring Revenue (ARR) exiting the fourth quarter was $77.2 million Non-GAAP net loss was $0.09 per share --- Matterport media release continues in the We Get Around Network Forum (www.WGANForum.com) https://www.wegetaroundnetwork.com/topic/18321/page/1/matterport-announces-4q22-and-full-year-2022-results-today-feb-22-2023/
In each episode of our 2022 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, Heather Horn sat down with Kyle Moffatt, a partner in PwC's National Office, to discuss the SEC staff's continued focus on non-GAAP measures and trending comment letter themes. In this episode you'll hear discussion of:1:15 - What non-GAAP measures are and how registrants use them6:41 - The challenges and judgments associated with non-GAAP measures9:32 - How the focus of the current SEC administration impacts the type and volume of comment letters12:03 - The top non-GAAP comment letter trends and the importance of continuously reassessing these measures20:58 - The interaction of current macroeconomic events and non-GAAP measures 27:34 - What companies should focus on when looking ahead to year-end reporting31:12 - Final advice when responding to SEC staff comments on non-GAAP measuresWant to learn more? Check out our analysis of SEC comment letter trends and stay tuned for more episodes in the series. For further information on non-GAAP measures with respect to business and market disruptions, take a look at the SEC Division of Corporate Finance's guidance on disclosure considerations related to COVID-19.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
Matterport Announces Record Third Quarter 2022 Financial Results 1. Total revenue rose to a record $38.0 million, above Company guidance 2. Subscription revenue rose to a record $19.0 million, above Company guidance 3. Services revenue rose to a record $10.0 million, up 204% year-over-year 4. Q3 GAAP loss per share of $0.20 5. Q3 Non-GAAP loss per share of $0.09, exceeding Company guidance 6. Balance sheet remains strong with $495 million in cash and investments SUNNYVALE, California, Thursday, November 10, 2022 -- (GLOBE NEWSWIRE) -- -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced record financial results for the quarter ended September 30, 2022. “We delivered outstanding third quarter results, with record total revenue, demonstrating that our strategy is working,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “We successfully launched our new Enterprise Essentials subscription suite as well as our new, high speed, LiDAR-enabled, Pro3 camera, which began shipping in the third quarter. We also completed the acquisition of VHT Studios, which brings together an industry-leading real estate marketing platform with Matterport's immersive digital twin technologies. Further, customer demand remained robust in the quarter as enterprises leveraged the deflationary power of Matterport digital twins to improve operating efficiency and productivity, resulting in strong revenue growth across our target markets,” Pittman added. “We saw strength across all of our revenue lines in the quarter, and combined with our focus on operating efficiency, we delivered financial results that exceeded our expectations on both the top and bottom lines,” said JD Fay, Chief Financial Officer of Matterport. “Subscription revenue grew to a record $19.0 million and services revenue grew 204% year-over-year, to a record $10.0 million. In addition, we were able to ship through our product order backlog during the third quarter. Finally, our focus on operational efficiency began yielding savings a quarter earlier than planned, and with our strong revenue growth, enabled non-GAAP net loss to improve by 24% sequentially, resulting in a narrower loss relative to our guidance range.” Third Quarter 2022 Financial Highlights 1. Total subscribers increased to 657,000, up 50% compared to the third quarter of 2021 2. Spaces Under Management (SUM) grew to 8.7 million, up 40% year-over-year 3. Total revenue was $38.0 million, up 37% year-over-year 4. Subscription revenue was $19.0 million, up 21% year-over-year 5. Services revenue was $10.0 million, up 204% year-over-year 6. Annualized Recurring Revenue (ARR) exiting the third quarter was $76.0 million 7. Non-GAAP net loss was $0.09 per share --- Matterport media release continues in the We Get Around Network Forum (www.WGANForum.com).
Matterport Announces Second Quarter 2022 Financial Results, with Stronger-than-Expected Subscription Revenue and Non-GAAP EPS 1. Subscription revenue rose 20% year-over-year, above Company guidance 2. Services revenue increased 74% year-over-year 3. Q2 GAAP loss per share of $0.23 4. Non-GAAP loss per share of $0.12, better than Company guidance 5. Matterport increases full year revenue guidance range to $132 to $138 million, narrows full year guidance range for non-GAAP loss per share to $0.46 to $0.50 6. Balance sheet remains strong with $562 million cash and investments and no debt SUNNYVALE, California, Wednesday, August 10, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended June 30, 2022. “We delivered another strong quarter, increasing our subscriber count by 52% to 616,000 subscribers. We expanded Spaces Under Management by 44% to over 8 million spaces,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “We continue to see strength in our enterprise subscriber base, and believe that customers who adopt digital twins will realize increased revenues and lower their operating costs, gaining a powerful advantage in any economic environment. Our laser focus on delivering measurable customer value for large enterprises and small businesses alike is fueling our growth and scaling our platform. Our recent acquisition of VHT Studios extends our offering to satisfy the growing demand for digital twins and integrated marketing solutions for the residential, commercial and hospitality real estate industries,” Pittman added. -- Matterport media release continues in the We Get Around Network Forum (www.WGANForum.com).
据每日经济新闻消息,《Vaccine》官网昨天全文发表国药集团中国生物的《新冠灭活疫苗与四价流感裂解疫苗、23价肺炎球菌多糖疫苗同时接种的免疫原性与安全性评价》。本研究成果为新冠灭活疫苗与四价流感疫苗、23价肺炎多糖疫苗可以同时接种提供临床研究证据。同时接种可增加易感人群免疫机会,降低合并感染的风险及在发热门诊交叉感染的风险,同时提高接种门诊接种效率。36氪获悉,搜狐发布2022年二季度财报。财报显示,二季度搜狐营收1.95亿美元,上年同期2.04亿美元,同比下降5%。其中,品牌广告收入为2500万美元,在线游戏收入为1.57亿美元。二季度搜狐Non GAAP净利润1200万美元,超此前预期,上年同期2500万美元。据报道,从今年起,共享单车行业出现调价趋势。今年1月,哈啰发布公告将对骑行套餐7天卡涨到15元,30天卡涨到35元,90天卡涨到90元。哈啰单车表示涨价系因硬件和运维成本的增加。近期美团单车畅骑卡无折扣价调价后,与哈啰单车骑行卡价格一致。多地网友表示,哈啰单车起步价已从每半小时1.5元提升至半小时2元,目前沈阳、长沙、佛山、绵阳、珠海等多个城市单次骑行价格已生效。据报道,日前,腾讯正式发布Max二代机器人。据介绍,Max是由腾讯Robotics X实验室自研的多模态四足机器人,采用原创的腿轮一体的本体设计,能够在梅花桩上完成旋转踏步、单桩跳跃、双轮站立等高难度动作,过桩速度达到“前辈”Jamoca的4倍。据上证报报道,上海市委副书记、市长龚正在新闻发布会上表示,这十年,上海着力提升城市能级和核心竞争力,城市功能实现新飞跃。国际经济、金融、贸易、航运中心基本建成,金融市场交易总额从528万亿元增长到2511万亿元,口岸货物贸易总额保持全球首位,上海港集装箱吞吐量连续12年位居世界第一。具有全球影响力的科技创新中心形成基本框架,全社会研发经费支出相当于上海全市生产总值的比例从3.19%提高到4.1%以上。据中国经济周刊报道,苹果目前已开启发布会视频的录制,最终发布会日期将会被定在9月13日。按照惯例,iPhone 14系列将会在9月23日上市。根据最近的供应链消息,iPhone 14标准版这次并不会涨价,依然维持前代的5999元起步价。而iPhone 14 Pro系列两款机型,将大概率迎来涨价,其中iPhone 14 Pro预计售价8999起步,iPhone 14 Pro Max预计9999起步。据新浪科技报道,近期,德克萨斯州奥斯汀的许多Meta外包员工丢掉工作。此前,他们的福利被削减,工作受到密切监控,同时有更多的人被纳入绩效改进计划。一名被裁的前员工表示,这轮裁员开始于上月底,受影响的主要是与埃森哲签约的Meta外包员工。美国的经济衰退和数字广告市场的快速滑坡让Meta陷入不利处境。该公司首席执行官马克·扎克伯格表示,公司将“稳步削减人员增长”,并警告称,许多团队的规模将“缩小”。
Bottom line up front (BLUF): Crowdstrike posted great results and I’m expecting the same from GitLab when they report after the market closes today. I have no intention of trimming either position.Disclosure: I am long Crowdstrike (CRWD) and GitLab (GTLB). Here’s a look at the $10k to $1 million portfolio positions. Follow me on Commonstock (link) if you’re looking for an awesome investment community and research without the bots and trolls of Twitter.Crowdstrike (CRWD) Q1 2023 Results ReviewBLUF: Crowdstrike earnings were strong and the thesis is still intact. I’d look at any sell-off as an opportunity for investors to build a position if they want to make it larger.Shares are down 18% YTDNTM P/S down from 39 in July to 17 todayFwd P/S based on FY 23 rev of $2.15B = 17Fwd P/S based on FY 24 rev: $2.98B = 12.6Paying members have access to my live database that has complete spreadsheets for all of the companies I follow. Access it at this linkQ1 FY 23 ResultsRevenue: $487.8M, beat management’s guidance by $25 million, beat analyst expectations by $23MNon-GAAP EPS: $0.31, beat analyst expectations by $0.08Annual Recurring Revenue (ARR) increased 61% year-over-year to $1.92 billion, of which $190.5 million was net new ARR added in the quarterSubscription Gross Margin: GAAP subscription gross margin was approximately 77% in both the first quarter of fiscal 2023 and 2022. Non-GAAP subscription gross margin was approximately 79% in both the first quarter of fiscal 2023 and 2022.Income/Loss from Operations: GAAP loss from operations was $23.9 million, compared to $31.3 million in the first quarter of fiscal 2022. Non-GAAP income from operations was $83.0 million, compared to $29.8 million in the first quarter of fiscal 2022.Cash Flow: Net cash generated from operations was $215.0 million, compared to $147.5 million in the first quarter of fiscal 2022. Free cash flow was $157.5 million, compared to $117.3 million in the first quarter of fiscal 2022.Cash and Cash Equivalents was $2.15 billion as of April 30, 2022.Compound Town Investment Research is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.Business HighlightsAdded 1,620 net new subscription customers in the quarter for a total of 17,945 subscription customers as of April 30, 2022, representing 57% growth year-over-year.Subscription customers that have adopted four or more modules, five or more modules and six or more modules increased to 71%, 59%, and 35%, respectively. Customers with seven or more modules reached 19% as of April 30, 2022.Expanded its strategic partnership with Cloudflare with technology integrations to strengthen the Zero Trust posture of joint customers.Financial OutlookQ2 2023 Revenue: $515MNon-GAAP EPS: $0.28FY 2023 Revenue: $2.198B, increased $50M from managements previous guide of $2.148B. *Implies continued momentum ($50M increase vs $25M beat this quarter)*Non-GAAP EPS: $1.20Management CommentaryGeorge R. Kurtz CrowdStrike Holdings, Inc. – Co-Founder, CEO, President & DirectorI will start today's call by summarizing 3 key points. First, fiscal 2023 is off to a fantastic start. We believe our Q1 results exemplify that we have a winning formula that includes scale, growth, profitability and free cash flow. Second, we saw strength across the platform, including a record quarter for modules deployed in the public cloud and over 100% year-over-year ending ARR growth for our emerging product group, which includes our Discover, Spotlight, Identity Protection and Log Management modules. And third, we are seeing more and more customers standardize on the Falcon platform. The number of customers adopting 6 or more and 7 or more modules both grew more than 100% year-over-year. We believe this underscores our wide competitive moat and our opportunity to drive long-term sustainable growth in both our core and expansion markets.On demandThe demand environment we see is more robust today than this time last year as cybersecurity is not discretionary. Additionally, the competitive environment has remained favorable to CrowdStrike. Our growing leadership in the market is reflected in IDC's most recent report where CrowdStrike leapfrogged to the #1 position amongst all vendors in the 2021 market share for worldwide corporate endpoint security and once again took the top spot in modern endpoint security.Moving to the market dynamics and threat environment, we continue to see powerful tailwinds fueling our market, and we do not currently see any indication that these trends will abate anytime soon. These tailwinds include a rapidly expanding attack surface and digital supply chain as organizations embrace digital transformation and move more workloads to the cloud, the cybersecurity skills gap in a heightened threat environment.Number of modules new customers start withYes. So our bigger customers, those over $1 million, as we talked about on the webinar in April, we -- each of those customers has about 7 on average, just over 7 modules. In terms of landing new, we talked about in FY '22, it's 4.7. And that's up from 4.3 from the year before.Thank you for reading Compound Town Investment Research. This post is public so feel free to share it.GitLab Q1 2023 Earnings PreviewBLUF: Next-twelve-months price to sales (NTM P/S) has come down from 30 in January, 2022 to 15.62 on 6/3/22 with analysts expecting revenue growth of 53%, 39%, and 35% in FY 23 - FY 25.Judging by the results of other cloud/software companies I expect GTLB results and guidance to be strong. I have no idea how the stock will react after earnings even if they beat and raise.For Q1 2023, analysts are expecting revenue of $78 million, gross margin of 87%, non-GAAP EPS of -$0.26, and free cash flow of -$24 million.For FY 2023, analysts are expecting revenue of $387 million, gross margin of 87%, non-GAAP EPS of -$0.96, and free cash flow of -$86 millionThese are the numbers analysts will be paying attention to as well as any indication as to when management expects to be profitable on a non-GAAP basis. Paying members have access to my live database that has complete spreadsheets for all of the companies I follow. Access it at this linkThanks for reading. Do me a favor and “like” this by hitting the heart above and jump into the comments to let me know your thoughts and any companies I should be considering for the portfolio! This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit austin.substack.com/subscribe
If you listen to the recording, the featured background audio is an original track of my 18-month-old daughter crying. I think you can still hear me just fine. I promise she was okay and was being supervised. No wonder why Elon wants everyone back in the office!Shares of Okta traded up 5% today closing at $98.38. Year-to-date, shares are down 55% and the next twelve-month enterprise value to revenue (NTM EV/R) has dropped from 28 in July 2021 to 7.6 today.That’s a 76% contraction in NTM EV/S multiple.Since Okta’s IPO in April, 2017 the shares have increased from $23.51 to 98.38, a compound annual growth rate (CAGR) of 31% which would have turned a $10,000 investment into $40,000, beating the SPY CAGR of 13% over the same period.Okta is currently trading at a trailing-twelve-month (TTM) EV/R of 10.8, roughly 20% higher than its all-time low of 9.0 in 2017.Revenue per share (which takes into account share dilution due to acquisitions and stock-based compensation) has grown 30% per year since IPO and analysts are expecting revenue per share to grow roughly 32% per year from FY 23 to FY 25. This could either be an incredible buying opportunity or a falling knife.. so lets dive in. Subscribe for free and make sure you are a Smart SaaS InvestorOkta First Quarter Fiscal Year 2023 Financial Results“We delivered solid first-quarter results highlighted by strength in new customer additions, dollar-based net retention rate, and the success we’re having with large customers as they continue their journey to the cloud,” - Todd McKinnon, Chief Executive Officer and co-founder of Okta.First Quarter Fiscal 2023 Financial Highlights:Revenue: Total revenue was $415 million, an increase of 65% year-over-year. This beat analyst expectations by $26 million or roughly 6.7%. Subscription revenue was $398 million, an increase of 66% year-over-year. Organic revenue grew 39%.Remaining Performance Obligations (RPO): RPO, or subscription backlog, was $2.71 billion, an increase of 43% year-over-year. cRPO, which is contracted subscription revenue expected to be recognized over the next 12 months, was $1.41 billion, up 57% compared to the first quarter of fiscal 2022.GAAP Net Loss: GAAP net loss was $243 million, compared to a GAAP net loss of $109 million in the first quarter of fiscal 2022. GAAP net loss per share was $1.56, compared to a GAAP net loss per share of $0.83 in the first quarter of fiscal 2022.Non-GAAP Net Loss: Non-GAAP net loss was $43 million, compared to non-GAAP net loss of $13 million in the first quarter of fiscal 2022. Non-GAAP basic and diluted net loss per share was $0.27, compared to non-GAAP basic and diluted net loss per share of $0.10 in the first quarter of fiscal 2022. This beat analyst expectations by $0.07 or 20%.Cash Flow: Net cash provided by operations was $19 million, or 5% of total revenue, compared to net cash provided by operations of $56 million, or 22% of total revenue, in the first quarter of fiscal 2022. Free cash flow was $11 million, or 3% of total revenue, compared to $53 million, or 21% of total revenue, in the first quarter of fiscal 2022.Cash, cash equivalents, and short-term investments were $2.49 billion at April 30, 2022.Financial Outlook:For the second quarter of fiscal 2023, the Company expects:Total revenue of $428 million to $430 million, representing a growth rate of 36% year-over-year. This beat analyst expectations of $423 million by $6 million or 1.4%.Current RPO of $1.48 billion to $1.49 billion, representing a growth rate of 35% to 36% year-over-year;Non-GAAP operating loss of $44 million to $43 million; andNon-GAAP net loss per share of $0.32 to $0.31, assuming weighted-average shares outstanding of approximately 156 million. This beat analyst expectations by $0.02.For the full-year fiscal 2023, the Company now expects:Total revenue of $1.805 billion to $1.815 billion, representing a growth rate of 39% to 40% year-over-year. This beat analyst expectations by $30 million or 1.7%.Non-GAAP operating loss of $167 million to $162 million; andNon-GAAP net loss per share of $1.14 to $1.11, assuming weighted-average shares outstanding of approximately 157 million. This beat analyst expectations by $0.12 or 9.6%.If you love this research. please share it!Management Commentary: Todd McKinnon, Co-Founder, Chairman & CEO On the Lapsus$ security hack in Q4 While we've done a lot of analysis, it's difficult to attribute any quantifiable impact on our solid Q1 results. When looking at key indicators, our competitive win rates and renewal rates have remained strong. In Q1, RPO grew 43% and current RPO grew 57%. Total revenue grew 65% and Okta standalone revenue grew 39%. New customer additions remain strong at 800, bringing our total customer base to 15,800, representing growth of 48%. We also continue to do well with large customers.Notable customer winA Fortune 500 insurance company was a great Okta SIEM and Workforce win. What's more, this customer was sourced through the AWS Marketplace, which has been doing well for Okta since we became available there in late 2020. The company sought best-of-breed tools to modernize the organization's aging IT infrastructure. Their legacy on-prem tools lack the capacity and stability to meet the needs of the business. Okta will provide a cloud-native identity solution to support their modernization efforts, while also addressing their on-prem infrastructure needs with Okta Access Gateway.Management Commentary: Brett Tighe, CFOOn dollar-based net retention rateOur dollar-based net retention rate for the trailing 12-month period remains strong at 123%. This was driven by the strong upsell motion we are seeing with our existing customers across both Okta and Auth0 as they expand on both products and users.On FY 26 financial goalsOur long-term financial goals anchor on at least $4 billion of revenue in FY '26 with organic growth of at least 35% each year and 20% free cash flow margin in FY '26. To achieve these targets, we will continue to scale the company from a people and processes standpoint, including investing in talent across all areas of the company as well as in systems to prepare us for the next phase of growth.Investor Q & AOn the future of identity and federal/department of defense interestJust yesterday, we had the global CIO of one of the major branches of the DoD in our office with his entire executive team talking to us for the entire day about the future of identity and what it was going to look like. And I mean these are just the kinds of conversations, frankly, that regardless of what happened in Q1 with that security event or not, we were not having these conversations 6 or 12 months ago, and I think it portends very well for the future.The federal government opportunity is a massive one for us.Federal was the biggest deal of our quarter this year -- this quarter in terms of ARR. And that federal division was specifically focused on customer identity and access management. And you really see that the government is thinking about how they can adopt more of these modern solutions for a lot of their forward-thinking initiatives. You -- we've been working for a long time on bolstering up our federal capabilities. And we've got -- we've been FedRAMP Medium, Moderate for some time. We've got FedRAMP High and IL4 that are scheduled for this summer.Austin’s takeawaysThis was a strong quarter considering the macro fears and Okta’s security incident in Q1Management seems confident and excited about both international and federal opportunitiesManagement reiterated FY26 goal of $4 billion in revenue with 35% organic growth and 20% free cash flow margin representing a score of 55 on the rule of 40This is on my watchlist due to its low multiple, important market, and growth expectations but I’m hesitant to start a position because of questions around profitability at scale. I have no position in Okta at the time of this writing.Paying members are always first to find out what I’m buying (before I buy it)Price Multiples, FY 18 - FY 22 Results, & FY 23 - FY 27 analyst expectationsPaying members have access to my live database that has these spreadsheets for all of the companies I follow. Access it at this link This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit austin.substack.com/subscribe
NetSuite introduced SuiteLife Campus, a talent development initiative to help their partners expand their teams by offering accelerated training to new college graduates or career change candidates, with the goal being to create a stronger, more diverse ecosystem of NetSuite consultants. Blackbaud announced the financial results for its first quarter ended March 31, 2022. GAAP total revenue was up 17.3%, while Non-GAAP organic recurring revenue increased 6.6%. Google Cloud and SAP SE announced an expansion of their relationship, unveiling new integrations between Google Workspace and SAP's flagship cloud ERP, SAP S/4 HANA Cloud. Salesforce has appointed former Chief Information Security Officer of the CIA, William MacMillan, as SVP, Security Product and Program Management, BISO, and Acquisition Integration.
Matterport Announces First Quarter 2022 Financial Results with Stronger-than-Expected Revenue 1. Total subscribers increased 70% to 562,000 from year-ago period 2. Subscription revenue rose 24% year-over-year 3. Q1 GAAP diluted earnings per share of $0.23, Non-GAAP loss per share of $0.10 4. Company reaffirms prior guidance for the full year 5. Balance sheet remains strong with $600 million cash and investments and no debt SUNNYVALE, California, Tuesday, May 10, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended March 31, 2022. “We are pleased to report another strong quarter, increasing our subscriber count by 70% to 562,000 subscribers for the period. We expanded Spaces Under Management by 49% to 7.3 million spaces — that's 7.3 million Matterport digital twins of homes, offices, factories, hotels, and so much more,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “Real property is the largest asset class in the world, now valued at an estimated $327 trillion, reflecting a $100 trillion increase in value in recent years as more than 15,000 new buildings are completed every day. Matterport is leading the industry with over 7 million digital twins, and we're creating thousands more each day, while 99% of the world's buildings have yet to be digitized. This enormous market opportunity is expanding, and we remain focused on efficiently scaling Matterport's business to meet the rising global demand for software-driven property management.” “In addition to strong adoption, we are excited to report our total revenue for the first quarter of 2022 was $28.5 million, $1 million above the high end of our guidance range. In addition, Non-GAAP loss per share of 10 cents for the quarter was three cents better than the top end of our guidance range,” said JD Fay, Chief Financial Officer of Matterport. “One of our key strategic levers is subscription revenue, which increased by 24% year-over-year, comprising over 60% of total revenue for the quarter, and which continues to provide high and stable gross margins. Today, we are re-affirming our prior 2022 revenue and EPS guidance. With $600 million of cash on our balance sheet, we have the financial strength to navigate the macro environment and comfortably achieve our long term business plan,” he added. First Quarter 2022 Financial Highlights 1. Total revenue was $28.5 million, up 6% compared to first quarter of 2021 2. Subscription revenue was $17.1 million, up 24% compared to first quarter of 2021 3. Annualized Recurring Revenue (ARR) of $68.6 million 4. Total subscribers increased to 562,000, up 70% compared to first quarter of 2021 5. Spaces Under Management (SUM) grew to 7.3 million, up 49% compared to first quarter of 2021 --- Matterport media release continues in the We Get Around Network Forum (www.WGANForum.com).
HAPPY TUESSSSSDAYToday we’re covering some news stories about Upstart, Shopify, Okta, and The Trade Desk then diving into my notes from GitLab’s (GTLB) earnings call last week. TLDR I was very impressed, opened a position, and tend to DCA in overtime keeping it a “large” position in my portfolio. BUT FIRSTThis newsletter would not be possible without Commonstock. In my mind, Commonstock is like Twitter without the bots and people trolling you because they think they are the ruler of all opinions on stocks/investing. This isn’t an advertisement, but I love the platform so much that I badgered the team so much over the last couple of years that they basically had to give me a job so I’d stop bothering them.In all seriousness, I joined because the team is focused on improving the world’s financial health by creating a platform that amplifies transparency and accountability alongside people’s opinions on everything from crypto to stocks. My portfolio is linked securely on Commonstock and you can always see my positions, trades, and performance at this link. Portfolio NewsUpstart (UPST) is down 7% after Wedbush downgraded it to underperform with a $75 price target (Down from $110). The analyst noted weakening delinquency trends. This doesn’t concern me at all and I intend to keep dollar-cost averaging (DCA) into UPST so I’ll take lower prices due to short-term fears all day!Shopify (SHOP) was down 12% yesterday after an announcement that Google intends to offer “Last Mile Fleet Solution” to help business owners optimize deliveries/logistics. At this point, I’m not concerned and SHOP will move towards the top of my list for new contributions if prices drop more from here. If we see Shopify’s results suffer in the next few quarters, then it could indicate they’re losing part of their competitive advantage. I’ll research this new offering from Google and share it in a future email.Okta (OKTA) is currently down 8% pre-market after hacking group Lapsus$ posted screenshots on its Telegram claiming to have hacked Okta. Okta has stated it sees no signs of a breach. As of right now, I’m not concerned and I certainly trust Okta’s track record + management to quickly fix anything (and make the platform better) if there was a breach. Okta is currently at the top of my list to buy when my next contributions hit. I talked about that in yesterday’s email. Adobe (ADBE) reports earnings this afternoon. I own a starter position in Adobe because it is a fantastic company with a very long track-record of success. I don’t intend to add to my position because its multiple is a bit high considering forward growth estimates and I believe there are better opportunities elsewhere (see link to yesterday’s email). I’d start to get interested in adding shares if the P/E gets down to around 29-30. It’s currently at a blended P/E of 35.3. That’d be about a 20% drop from here down to around $390/sh. I have no idea what happens with earnings.The Trade Desk (TTD) launches new certified service partner program for SMBs. “This program expands self-service access to The Trade Desk’s demand-side platform, as client demand for data-driven advertising continues to rise. As part of this announcement, Goodway Group becomes The Trade Desk’s first certified service partner to help meet this rising demand.” I own TTD and won’t be selling my shares anytime soon, but I’d love for the multiple to come down a bit before adding. GitLab (GTLB) Conference Call NotesAfter Gitlab’s earnings last week I sent an email saying I intended to buy shares with the new contributions that were coming into my account (link). I ended up purchasing shares on Tuesday and Wednesday and the position is up nicely. It’s currently a large position for me and I have some catching up to do in building other positions so I won’t be buying more in the next month or two but I’m very bullish on the company’s future. Here are my notes from the earnings conference callCEO Sid Sijbrandij opening remarks:Beat revenue expectations with revenue of $77.8 million, 69% year-over-yearDollar-based net retention rate exceeded the 152% we reported in S-1 filing Strength was broad-based across enterprise, mid, and SMB customersUltimate remains fastest growing tier of product offeringStrength indicates the market is moving from DIY DevOps to a DevOps platform which plays to GitLab’s strengthGartner Market Guide for value stream delivery platforms states that by 2024, 60% of organizations will have switched to a platform approach, up from 20% in 2021Management believes “the source of our product differentiation is our platform approach to DevOps.”“We believe our single application helps companies to deliver software faster, improve organizational efficiency and reduce security and compliance risk. The DevOps platform also enables our customers to manage and secure the entire DevOps workflow across any hybrid and multi-cloud environment.”“Acquisition of Opstrace, a pre-revenue open-source observability solution will allow GitLab to offer robust monitoring and observability capabilities that will enable organizations to lower incident rates, increase developer productivity and reduce mean time to resolution.”Management believes DevOps platform addresses a $40B market opportunity. Bain & Company study showed 90% of companies believe DevOps is a priority but only 12% believe they have mature DevOps practicesAdded over 500 net new base customers. New logos/expansions include U.S. Army, Deutsche Telekom and Travis Perkins.Travis Perkins expansion: “Travis Perkins is the U.K.'s largest distributor of building materials. They accelerated their migration to the cloud using GitLab Premium by consolidating their software to it. Doing so increased their velocity, cut down overall cost by 20% and it allowed their team members to focus on building new customer-facing digital services and capabilities instead of managing their toolchain. This quarter, they upgraded from Premium to Ultimate licenses and more than doubled the number of users on the system. This will expand usage of GitLab to their security teams and allow development operations and security to collaborate on a single DevOps platform.”CFO Brian Robbins remarks:Revenue is the key metric to evaluate the health and performance of the business. Because approximately 90% of revenue is ratable, it serves as a predictable and transparent benchmark for how we are growing.“Cohorts from six years ago are still expanding today. This is a testament to how we're constantly adding value to our customers. Most of our customers start using GitLab with small teams with just one to two stages of our platform. From there, they typically increase their spend with us 2x over the first year as our platform is adopted across multiple teams. Customers then continue to increase their spend as our platform expands to more teams across their organizations or they upgrade to a higher paid tier.”“We are also effective at retaining our customers. When our customers deploy the DevOps platform, it becomes a central platform from which all their DevOps workflows originate from, making it sticky and difficult to replace. The result is that we ended our fourth quarter with a dollar-based net retention rate exceeding 152% which is higher than the disclosure we provided in our S-1 at the time of our IPO.”“Our platform is offered with a free version and two paid subscription tiers which we call Premium and Ultimate. Our paid tiers are priced per user with different features per tier. Every user within an organization is on the same plan which helps keep our business model transparent and easy to understand. The Ultimate tier is our fastest-growing tier, now representing 37% of our annual recurring revenue for the fourth quarter compared with 26% of annual recurring revenue in the fourth quarter of FY 2021 and growing in excess of 100%. In FY '22, our non-GAAP gross margin held steady at 89%. Over time, we expect this to compress as our SaaS offering becomes a larger portion of our business and associated hosting costs will increase.”Over 4,500 customers with ARR of at least $5,000 per customer compared to over 4,000 customers in the prior quarter and over 2,700 customers in the prior year. This represents a year-over-year growth rate of approximately 67%. Currently, customers with greater than $5,000 in ARR represent approximately 95% of our ARR.Over 490 customers with ARR of at least $100,000, up from 420 customers and over 280 customers compared to the prior quarter and year, respectively. This represents a year-over-year growth rate of approximately 74%39 customers with ARR of at least $1 million compared to 20 customers at the end of the prior fiscal year which represents a year-over-year growth rate of 95%.Total RPO grew 95% year-over-year to $312 million.Non-GAAP gross margins were 89% for the quarter which compares to 90% in the immediately preceding quarter and 89% in the fourth quarter last year. As we move forward, we're estimating a moderate reduction in this metric due to the rapid year-over-year growth rate of our SaaS offeringNon-GAAP operating loss was $27.4 million or negative 35% of revenue compared to a loss of $22.2 million or negative 48% of revenue in Q4 of the last fiscal year. Q4 includes $5 million of expenses related to our JV and majority-owned subsidiary.Guidance:For first quarter of FY 2023, we expect total revenue of $77 million to $78 million, representing a growth rate of 54% to 56% year-over-year.We expect a non-GAAP operating loss of $38.5 million to $37.5 million.We expect a non-GAAP net loss per share of $0.28 to $0.27, assuming 147 million weighted average shares outstanding.For the full year FY 2023, we expect total revenue of $385.5 million to $390.5 million, representing a growth rate of 53% to 55% year-over-year.We expect a non-GAAP operating loss of $142 million to $138 million.We expect a non-GAAP net loss per share of $1.02 to $0.97, assuming 148 million weighted average shares outstanding.Our annual FY 2023 guidance implies non-GAAP operating margin improvement of almost 300 basis points year-over-year at the midpoint of our guidance ranges. Over the longer term, we believe that a continued targeted focus on growth initiatives and scaling the business will yield further improvement in unit economics.Q&AQuestion about where strength in 152% net-dollar retention rate is coming fromAnswer: Ultimate is driving a lot of upsell because of the advanced security capabilities. Create and verify are used heavily; so they are important too. Apart from create, verify and secure, we see growth in packaging and release. Packaging, for example, is replacing JFrog Artifactory at more and more customers.Question on acquisition of Opstrace, the pre-revenue open source application in the category of observability.Answer: Observability lets you close the loop. You plan to make something, you make it, you roll it out and then you see how it does. So it's a really important element of a DevOps platform and we're really early. But because it's so important, we wanted to accelerate how fast we got there and we love the team and the product that Opstrace already built. So we acquired them to rebuild that inside GitLab and we think that closing that loop will help our customers achieve better business outcomes. If you get feedback faster, you reduce your cycle time and you get better outcomes. And it's really important to note that we'll do it in an iterative fashion. So in the beginning, our solution will not so much compete with existing vendors but with nonconsumption. People haven't set up monitoring yet and we'll start from a simple product and work with our users and customers contributing to expand the functionality over time.Links to company news articlesUpstart downgraded by WedbushShopify - Google “Last Mile Fleet Solution”Okta potential security breachAdobe Investor Relations PageThe Trade Desk Launches New Certified Service Partner Program for Small and Medium-Sized Businesses This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit austin.substack.com/subscribe
Epicor announced it acquired Grow Inc, a no-code, full-stack business intelligence platform. The acquisition complements the Epicor portfolio with analytics capabilities that allow customers to generate actionable insights from their data. Grow Inc. combines data integrations, data warehousing, and visualization into one easy to use platform. On a different note, Sage recently commissioned a study to small and mid-sized businesses. Sage commissioned the study to look at the confidence of SMBs, surveying more than 13,000 businesses across eleven countries worldwide to understand their experience during the COVID-19 pandemic and their outlook for the future. The survey found that 69% of business decision makers feel confident that their company will be successful 12 months from now, compared to 58% that felt confident this time last year. This optimism is starting to filter through into probability, with about 81% of SMBs expecting to be at least somewhat back to pre-pandemic levels of profitability. Finally, 86% of SMBs expect to make a change to become more sustainable in the year ahead. Workday recently announced its full fiscal year, 2022 results. Total revenues were $5.14 billion, an increase of 19.0% from fiscal year, 2021. Subscription revenues were $4.55 billion, an increase of 20% from the prior year. Non-GAAP operating was $1.15 billion and as of January 31, 2022, cash, cash equivalents, and marketable securities were $3.64 billion.
36氪获悉,喜茶宣布下调产品价格。喜茶表示,目前喜茶标准茶饮菜单上再也没有3字开头的饮品了,今年内将不再推出29元及以上的产品。同时喜茶承诺,今年,即使身边充斥再多的“涨涨涨”,喜茶也绝不涨价。中国新闻网消息,有网友近日爆料称海底捞在会员系统里私下给顾客贴标签,其中主要包含体貌特征和个性需求等。对此,海底捞昨天表示,为了持续提升和优化顾客的个性化服务需求,门店管理人员可以在会员系统中对顾客就餐的个性化需求进行补充。公司于2020年起对相关内容进行持续优化,明确禁止对顾客个人信息如体貌等特征等进行任何备注,并于2021年1月全部排查整改完毕,所有新增信息均需要通过严格审核。据报道,快手电商直播间将于3月1日起切断淘宝、京东联盟商品链接。对此,京东回应称,京东和快手电商直播更多是基于供应链层面的合作,此次调整对京东几乎没有影响。据报道,网易公布2021年四季度及全年财报。财报显示,去年四季度,网易营收244亿元,同比增长23%,市场预期242.73亿元;Non GAAP下净利润66亿元;GAAP净利润56.94亿元,上年同期9.76亿元,同比增长483%,市场预期36亿元。此外,网易云音乐去年四季度净收入19亿元,2021年净收入70亿元,网易云音乐毛利率连续三个季度为正,平台独立音乐人数量突破40万。网易有道首次实现季度盈利。据报道,最高法发布新修改的非法集资刑事司法解释。其中提到,增加网络借贷、虚拟币交易、融资租赁等新型非法吸收资金的行为方式,同时针对养老领域非法集资突出问题,增加以提供“养老服务”、投资“养老项目”等方式非法吸收资金的情形。据报道,住房和城乡建设部部长王蒙徽昨天表示,今年将推进住房供给侧结构性改革。主要是大力增加保障性租赁住房供给,经过统计,我们希望全年能够建设筹集保障性租赁住房240万套(间)。新筹集公租房10万套,棚户区改造120万套。同时,我们还将加快推进长租房市场建设。据新浪科技报道,当地时间周三,福特CEO吉姆·法利在网络直播的沃尔夫研究会议上表示,没有拆分电动汽车或汽燃油车业务的计划。他还补充道:“我们知道蔚来和特斯拉是我们的竞争对手,我们必须击败他们,而不仅仅是与他们旗鼓相当。而且我们还必须击败内燃机领域的竞争对手。”在车辆分销方面,法利表示,福特需要在其销售系统中消除“昂贵的库存”,并使消费者在车辆交付前更容易预订和跟踪车辆的装配过程。
Matterport Announces Record Full Year 2021 Financial Results and More Than 500,000 Subscribers Breakthrough product launches including Smartphone Capture and Axis to democratize space capture and drive adoption 1. Total subscribers increased 98% to 503,000 from year-ago period 2. Fiscal year 2021 subscription revenue rose 47% year-over-year 3. Annualized recurring revenue (ARR) grew to $66 million 4. Q4 GAAP loss per share of $0.66, Non-GAAP loss per share of $0.10 SUNNYVALE, California, Wednesday, February 16, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced unaudited financial results for the quarter ended December 31, 2021. “2021 was a pivotal year for Matterport, delivering strong growth as we closed our merger with Gores Holdings VI, Inc. and became a public company on The Nasdaq, gaining industry visibility and balance sheet strength to execute our ambitious growth plans,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport. “Our business model is well-proven and scaling as momentum increased across our key operating metrics. In 2021, we doubled our subscriber base, increased Spaces Under Management by 54%, and subscription revenue grew 47%, and total revenue was up 29% for the full year. Most importantly, we strengthened the management team with new world-class executives across the globe. Relentless innovation is the norm at Matterport, and with new products like Matterport Axis and Matterport for Android, we are racing to bring precision 3D capture and digital twins to everyone in the built world. Looking forward, the physical world is going digital. Every industry on every continent is embracing digitization, and I am more confident than ever about the company's outlook for 2022 and the decade ahead.” “In the fourth quarter we continued to make strong progress on the path of building our recurring subscription revenue business, which represented 61% of total revenue,” said JD Fay, Chief Financial Officer of Matterport. “We also strengthened our balance sheet and reduced the complexity in our capital structure by announcing the redemption of our public warrants, which resulted in another $104 million of cash proceeds from the exercise of warrants prior to redemption. Proceeds from the warrant exercises, along with the $640 million in gross proceeds raised in the third quarter, together provide us tremendous flexibility in allocating capital to accelerate our growth in 2022 and beyond.” --- Matterport media release continues in the We Get Around Network Forum (www.WGANForum.com).
In this episode of S&C's Critical Insights, John Savva and Sarah Payne discuss non-GAAP financial measures, numerical measures of a company's financial performance, and financial position or cash flows that are not determined under GAAP. Sarah and John also explore the SEC's requirements applicable to non-GAAP financial measures, some key areas to focus on in the presentation of these financial measures and the importance of complying with the various requirements that apply to non-GAAP financial measures.
In each episode of our What's trending in SEC comments series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance for the most common topical areas of financial reporting.This week we focus on non-GAAP measures. Kyle Moffatt, a partner in PwC's National Office, joined Heather Horn to break down some of the questions raised in these comments, giving you a deeper understanding of the SEC staff's expectations, as well as context and insights into the non-GAAP rules.Topics include:1:35 - Background on non-GAAP measures. Disclosing non-GAAP measures is a common way companies supplement their financial statement disclosures to further tell the story of their businesses. Kyle gives some helpful background and examples of some commonly utilized measures.8:57 - Presenting non-GAAP measures. There can be pitfalls associated with these alternative measures. Kyle and Heather discuss what issuers should keep in mind when deciding how to present them.22:30 - What types of comments are companies receiving? Kyle discusses the main themes of the SEC staff's non-GAAP comments. Common questions relate to prominence relative to GAAP metrics, the reconciliation of each non-GAAP metric to GAAP, and the appropriateness of adjustments, among others.27:43 - Key takeaways and reminders. We close with some future areas to pay attention to and helpful advice for year-end reporting. Heather tries to stump Kyle with some niche accounting and pop culture questions.Want to learn more?Listen to our previous comment letter podcasts on MD&A, Debt, warrants, and equity, Revenue, Goodwill, Inventory and cost of sales, and Segment reportingListen to What you missed at the 2021 AICPA ConferenceIn the loop: To GAAP or to non-GAAP COVID-19: What you should knowSee our overview of SEC Comment Letter TrendsStaff Accounting Bulletin Topic 11 BSEC Non-GAAP Financial Measures: Questions and Answers of General ApplicabilityKyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in April 2020 after spending almost 20 years with the SEC.Transcripts available upon request. Please send requests to us_podcast@pwc.com.
36氪获悉,微博发布2021年三季度财报。财报显示,微博三季度营收6.074亿美元,同比增长30%,高于市场预期5.93亿美元;GAAP净利润为1.82亿美元,上年同期3380万元;Non-GAAP净利润2.096亿元,市场预期1.90亿美元,上年同期为1.529亿美元。据报道,北汽蓝谷在互动平台上表示,目前阿尔法S华为HI版已经积累了相当一部分订单,年底计划开启小批量交付。公司正在全力贯彻落实年度生产计划,并将持续关注市值。证券时报消息,腾讯昨天以每股1.9601港元的均价卖出4390万股恒腾网络股份,持股比例从23.41%降至22.94%。据界面报道,SpaceX于美国时间周三晚上发射猎鹰9号火箭,将四名宇航员送往国际空间站,执行代号“Crew-3”任务。轨道前哨站目前只有一名美国宇航局的宇航员在美国分部运作,以欢迎即将到来的机组人员。来自新浪财经的消息,特斯拉CEO埃隆·马斯克近日出售了359万股特斯拉股票,价值约40亿美元。此前,马斯克出售了其信托基金持有的582357股股票。新浪财经消息,宝马集团CEO齐普策周三讽刺特斯拉,称质量和可靠性是宝马与特斯拉的区别所在。齐普策表示:“我们的不同之处在于我们在质量和可靠性方面的标准。我们对客户满意度有不同的期望。”这是齐普策今年第二次在公开场合嘲讽特斯拉。今年2月,齐普策曾对特斯拉在竞争中能否保住电动汽车冠军地位表示怀疑。但自那以来,特斯拉的需求持续增长,其Model 3在9月份成为欧洲最畅销的车型。据新浪科技报道,苹果公司周三推出一项新的订阅服务,旨在帮助小企业主管理员工使用的苹果设备。苹果公司将这项服务定名为“Business Essentials”,该服务类似于微软或VMware等公司向大型企业出售的管理软件,用于设置和保护其员工使用的手机、笔记本电脑和平板电脑的安全。该服务的包月费为每名用户2.99美元到12.99美元之间,具体取决于企业希望为每名员工管理多少设备,以及企业需要多大的云存储空间。
36氪获悉,微博发布2021年三季度财报。财报显示,微博三季度营收6.074亿美元,同比增长30%,高于市场预期5.93亿美元;GAAP净利润为1.82亿美元,上年同期3380万元;Non-GAAP净利润2.096亿元,市场预期1.90亿美元,上年同期为1.529亿美元。据报道,北汽蓝谷在互动平台上表示,目前阿尔法S华为HI版已经积累了相当一部分订单,年底计划开启小批量交付。公司正在全力贯彻落实年度生产计划,并将持续关注市值。证券时报消息,腾讯昨天以每股1.9601港元的均价卖出4390万股恒腾网络股份,持股比例从23.41%降至22.94%。据界面报道,SpaceX于美国时间周三晚上发射猎鹰9号火箭,将四名宇航员送往国际空间站,执行代号“Crew-3”任务。轨道前哨站目前只有一名美国宇航局的宇航员在美国分部运作,以欢迎即将到来的机组人员。来自新浪财经的消息,特斯拉CEO埃隆·马斯克近日出售了359万股特斯拉股票,价值约40亿美元。此前,马斯克出售了其信托基金持有的582357股股票。新浪财经消息,宝马集团CEO齐普策周三讽刺特斯拉,称质量和可靠性是宝马与特斯拉的区别所在。齐普策表示:“我们的不同之处在于我们在质量和可靠性方面的标准。我们对客户满意度有不同的期望。”这是齐普策今年第二次在公开场合嘲讽特斯拉。今年2月,齐普策曾对特斯拉在竞争中能否保住电动汽车冠军地位表示怀疑。但自那以来,特斯拉的需求持续增长,其Model 3在9月份成为欧洲最畅销的车型。据新浪科技报道,苹果公司周三推出一项新的订阅服务,旨在帮助小企业主管理员工使用的苹果设备。苹果公司将这项服务定名为“Business Essentials”,该服务类似于微软或VMware等公司向大型企业出售的管理软件,用于设置和保护其员工使用的手机、笔记本电脑和平板电脑的安全。该服务的包月费为每名用户2.99美元到12.99美元之间,具体取决于企业希望为每名员工管理多少设备,以及企业需要多大的云存储空间。
36氪获悉,微博发布2021年三季度财报。财报显示,微博三季度营收6.074亿美元,同比增长30%,高于市场预期5.93亿美元;GAAP净利润为1.82亿美元,上年同期3380万元;Non-GAAP净利润2.096亿元,市场预期1.90亿美元,上年同期为1.529亿美元。据报道,北汽蓝谷在互动平台上表示,目前阿尔法S华为HI版已经积累了相当一部分订单,年底计划开启小批量交付。公司正在全力贯彻落实年度生产计划,并将持续关注市值。证券时报消息,腾讯昨天以每股1.9601港元的均价卖出4390万股恒腾网络股份,持股比例从23.41%降至22.94%。据界面报道,SpaceX于美国时间周三晚上发射猎鹰9号火箭,将四名宇航员送往国际空间站,执行代号“Crew-3”任务。轨道前哨站目前只有一名美国宇航局的宇航员在美国分部运作,以欢迎即将到来的机组人员。来自新浪财经的消息,特斯拉CEO埃隆·马斯克近日出售了359万股特斯拉股票,价值约40亿美元。此前,马斯克出售了其信托基金持有的582357股股票。新浪财经消息,宝马集团CEO齐普策周三讽刺特斯拉,称质量和可靠性是宝马与特斯拉的区别所在。齐普策表示:“我们的不同之处在于我们在质量和可靠性方面的标准。我们对客户满意度有不同的期望。”这是齐普策今年第二次在公开场合嘲讽特斯拉。今年2月,齐普策曾对特斯拉在竞争中能否保住电动汽车冠军地位表示怀疑。但自那以来,特斯拉的需求持续增长,其Model 3在9月份成为欧洲最畅销的车型。据新浪科技报道,苹果公司周三推出一项新的订阅服务,旨在帮助小企业主管理员工使用的苹果设备。苹果公司将这项服务定名为“Business Essentials”,该服务类似于微软或VMware等公司向大型企业出售的管理软件,用于设置和保护其员工使用的手机、笔记本电脑和平板电脑的安全。该服务的包月费为每名用户2.99美元到12.99美元之间,具体取决于企业希望为每名员工管理多少设备,以及企业需要多大的云存储空间。
今日聚焦【网信办将封禁一批“黑嘴”自媒体账号】一段时期以来,部分商业网站平台及其“自媒体”账号屡屡发生违规发布财经新闻、歪曲解读经济政策、唱衰唱空金融市场、充当“黑嘴”博人眼球、造谣传谣、敲诈勒索等违法违规行为,严重扰乱网络传播秩序,网民反映强烈。为此,国家网信办决定自8月27日起开展清朗·商业网站平台和“自媒体”违规采编发布财经类信息专项整治,将禁止推送商业网站平台和“自媒体”账号违规采编发布、转载的新闻信息。【郑爽偷逃税被罚,阴阳合同牵出上市业绩造假】日前,上海市税务局第一稽查局查明,郑爽2019年至2020年未依法申报个人收入1.91亿元,偷税4526.96万元,其他少缴税款2652.07万元,对郑爽追缴税款、加收滞纳金并处罚款共计2.99亿元。此外,郑爽偷逃税案也牵出北京文化财务造假问题:虚增收入4.6亿元,虚增净利润1.91亿元,证监会对北京文化做出市场禁入处罚,并对时任副董事长娄晓曦采取证券市场禁入措施。企业动态【字节最大规模收购案:或超90亿收购Pico公司】据报道,8月26日,从多个渠道独家获悉,字节跳动收购了国内最大的VR企业Pico,“目前签了协议,还没有最终交割。”Pico的投资方李伟表示,后期被字节并购后,公司整体管理团队也将继续保持现状。(Tech星球)【微信公众号推出我的商店功能】微信公众号近日推出“我的商店”新功能,公众号运营者添加该功能后,可在文章中插入商品卡片,未开通商店则可免费开店,方便引导粉丝购买下单,满足带货需求。而没有开通商店公众号则可选择开设微店、有赞小商店、微信小商店、小鹅通、微盟小商店等。另外,“我的商店”功能支持绑定小程序接入公众号卖货。【趣口才资金链断裂无法运营,可能无法退费】27日,趣口才创始人王赫发布道歉信称:因为自己能力不足经营不善,趣口才已经很难继续运转下去,目前资金链断裂无法继续运营,缴纳的学费可能不能如约履行了,也可能没有退费的能力。王赫还表示,正在寻找一些有爱心有交付能力的同行机构给出转课方案,尽可能让家长的损失降低到最小。目前已经接触了一些市面上的知名机构,正在逐步落实。【华尔街英语被限制消费,董事被限高】天眼查显示,8月25日,天津华尔街英语培训学校有限公司新增一则限制消费令,限制消费对象为该公司及其法定代表人石毅,值得注意的是,石毅名下关联多家公司,在华尔街英语培训中心(广东)有限公司、北京华尔街英语培训中心有限公司等担任董事一职。【欢聚集团拟被私有化】欢聚集团董事长李学凌和小米集团创始人雷军计划将欢聚集团私有化,估值可能达80亿美元。【上海电气上半年净亏损近50亿元】8月27日,上海电气发布半年报,上半年净亏损49.7亿元,上年同期净利润15.22亿元;期内通讯公司计提应收账款预期信用损失和存货跌价准备合计73.67亿元。【完美日记上半年亏7亿,一二级市场市值倒挂】完美日记股价创历史新低,一二级市场价值严重倒挂。北京时间8月26日晚,完美日记母公司逸仙电商发布了2021年第二季度财报,当季营收15.25亿元,同比增长53.5%;净亏损3.91亿元,亏损额同比扩大两成。Non-GAAP口径下(不计入股权激励费用等),逸仙电商净亏损1.95亿元。上半年,逸仙电商收入约30亿元,亏损7亿元。【吉利发声明称被自媒体恶意抹黑】8月27日晚间,@吉利控股集团 微博发布声明称,近日,部分自媒体在社交网络上发布了题为《得罪了,吉利》等一系列视频,恶意抹黑吉利品牌及产品。针对上述恶意信息发布行为,我司已第一时间留存相关证据,与相关网络运营平台方沟通进行处理,采取必要措施以维护我司的合法权益。产业纵深【我国8.88亿人刷短视频】CNNIC第48次调查报告今日发布,截至2021年6月,我国网民规模为10.11亿,较2020年12月新增网民2175万,互联网普及率达71.6%。另外,我国网络视频(含短视频)用户规模达9.44亿,其中,短视频用户规模达8.88亿。【市场监管总局:医美广告制造容貌焦虑将被重点打击】8月27日,市场监管总局网站发布《医疗美容广告执法指南(征求意见稿)》提出,市场监管部门依法整治各类医疗美容广告乱象,对多种情形予以重点打击。其中包括,违背社会良好风尚,制造“容貌焦虑”,将容貌不佳与“低能”“懒惰”“贫穷”等负面评价因素做不当关联或者将容貌出众与“高素质”“勤奋”“成功”等积极评价因素做不当关联。【网信办拟规定不得利用算法控制热搜】8月27日,国家互联网信息办公室就《互联网信息服务算法推荐管理规定(征求意见稿)》向社会公开征求意见,其中指出:①算法推荐服务提供者不得实施流量造假、流量劫持;②不得利用算法控制热搜或者精选等干预信息呈现,影响网络舆论或者规避监管;③应当向用户提供便捷的关闭算法推荐服务的选项。国际视野【打破垄断,苹果应用商店将能用第三方支付】苹果公司宣布将对应用商店进行一系列更新,如经法庭批准,将解决与美国开发者间的一项集体诉讼。其中包括在用户同意的情况下,开发者可通过邮件等方式提供苹果之外的购买选项,且无需为用户的外购向苹果支付佣金。
今日聚焦【网信办将封禁一批“黑嘴”自媒体账号】一段时期以来,部分商业网站平台及其“自媒体”账号屡屡发生违规发布财经新闻、歪曲解读经济政策、唱衰唱空金融市场、充当“黑嘴”博人眼球、造谣传谣、敲诈勒索等违法违规行为,严重扰乱网络传播秩序,网民反映强烈。为此,国家网信办决定自8月27日起开展清朗·商业网站平台和“自媒体”违规采编发布财经类信息专项整治,将禁止推送商业网站平台和“自媒体”账号违规采编发布、转载的新闻信息。【郑爽偷逃税被罚,阴阳合同牵出上市业绩造假】日前,上海市税务局第一稽查局查明,郑爽2019年至2020年未依法申报个人收入1.91亿元,偷税4526.96万元,其他少缴税款2652.07万元,对郑爽追缴税款、加收滞纳金并处罚款共计2.99亿元。此外,郑爽偷逃税案也牵出北京文化财务造假问题:虚增收入4.6亿元,虚增净利润1.91亿元,证监会对北京文化做出市场禁入处罚,并对时任副董事长娄晓曦采取证券市场禁入措施。企业动态【字节最大规模收购案:或超90亿收购Pico公司】据报道,8月26日,从多个渠道独家获悉,字节跳动收购了国内最大的VR企业Pico,“目前签了协议,还没有最终交割。”Pico的投资方李伟表示,后期被字节并购后,公司整体管理团队也将继续保持现状。(Tech星球)【微信公众号推出我的商店功能】微信公众号近日推出“我的商店”新功能,公众号运营者添加该功能后,可在文章中插入商品卡片,未开通商店则可免费开店,方便引导粉丝购买下单,满足带货需求。而没有开通商店公众号则可选择开设微店、有赞小商店、微信小商店、小鹅通、微盟小商店等。另外,“我的商店”功能支持绑定小程序接入公众号卖货。【趣口才资金链断裂无法运营,可能无法退费】27日,趣口才创始人王赫发布道歉信称:因为自己能力不足经营不善,趣口才已经很难继续运转下去,目前资金链断裂无法继续运营,缴纳的学费可能不能如约履行了,也可能没有退费的能力。王赫还表示,正在寻找一些有爱心有交付能力的同行机构给出转课方案,尽可能让家长的损失降低到最小。目前已经接触了一些市面上的知名机构,正在逐步落实。【华尔街英语被限制消费,董事被限高】天眼查显示,8月25日,天津华尔街英语培训学校有限公司新增一则限制消费令,限制消费对象为该公司及其法定代表人石毅,值得注意的是,石毅名下关联多家公司,在华尔街英语培训中心(广东)有限公司、北京华尔街英语培训中心有限公司等担任董事一职。【欢聚集团拟被私有化】欢聚集团董事长李学凌和小米集团创始人雷军计划将欢聚集团私有化,估值可能达80亿美元。【上海电气上半年净亏损近50亿元】8月27日,上海电气发布半年报,上半年净亏损49.7亿元,上年同期净利润15.22亿元;期内通讯公司计提应收账款预期信用损失和存货跌价准备合计73.67亿元。【完美日记上半年亏7亿,一二级市场市值倒挂】完美日记股价创历史新低,一二级市场价值严重倒挂。北京时间8月26日晚,完美日记母公司逸仙电商发布了2021年第二季度财报,当季营收15.25亿元,同比增长53.5%;净亏损3.91亿元,亏损额同比扩大两成。Non-GAAP口径下(不计入股权激励费用等),逸仙电商净亏损1.95亿元。上半年,逸仙电商收入约30亿元,亏损7亿元。【吉利发声明称被自媒体恶意抹黑】8月27日晚间,@吉利控股集团 微博发布声明称,近日,部分自媒体在社交网络上发布了题为《得罪了,吉利》等一系列视频,恶意抹黑吉利品牌及产品。针对上述恶意信息发布行为,我司已第一时间留存相关证据,与相关网络运营平台方沟通进行处理,采取必要措施以维护我司的合法权益。产业纵深【我国8.88亿人刷短视频】CNNIC第48次调查报告今日发布,截至2021年6月,我国网民规模为10.11亿,较2020年12月新增网民2175万,互联网普及率达71.6%。另外,我国网络视频(含短视频)用户规模达9.44亿,其中,短视频用户规模达8.88亿。【市场监管总局:医美广告制造容貌焦虑将被重点打击】8月27日,市场监管总局网站发布《医疗美容广告执法指南(征求意见稿)》提出,市场监管部门依法整治各类医疗美容广告乱象,对多种情形予以重点打击。其中包括,违背社会良好风尚,制造“容貌焦虑”,将容貌不佳与“低能”“懒惰”“贫穷”等负面评价因素做不当关联或者将容貌出众与“高素质”“勤奋”“成功”等积极评价因素做不当关联。【网信办拟规定不得利用算法控制热搜】8月27日,国家互联网信息办公室就《互联网信息服务算法推荐管理规定(征求意见稿)》向社会公开征求意见,其中指出:①算法推荐服务提供者不得实施流量造假、流量劫持;②不得利用算法控制热搜或者精选等干预信息呈现,影响网络舆论或者规避监管;③应当向用户提供便捷的关闭算法推荐服务的选项。国际视野【打破垄断,苹果应用商店将能用第三方支付】苹果公司宣布将对应用商店进行一系列更新,如经法庭批准,将解决与美国开发者间的一项集体诉讼。其中包括在用户同意的情况下,开发者可通过邮件等方式提供苹果之外的购买选项,且无需为用户的外购向苹果支付佣金。
36氪获悉,针对媒体报道“阿里云将用户留存的注册信息泄露给第三方合作伙伴”,阿里云回应:根据自查,该投诉事件应为2019年双11前后,阿里云一名电销员工违反公司纪律,利用工作便利私下获取客户联系方式,并透露给分销商员工,从而引发一名客户投诉。阿里云表示:公司严禁员工向第三方泄露用户注册信息,已根据公司制度对该事件进行严肃处理,并遵照浙江省通信管理局要求积极整改,对人员管理层面上的不足进行强化改进。据京东2021年二季度财报,2021年第二季度京东营收2538亿元,同比增长26.2%,市场预期2484.7亿元;京东Non-GAAP净利润46亿元,上年同期59亿元,市场预期调整后净利润35.24亿元。据界面新闻报道,胖哥俩通过其官方微博发布声明称,针对媒体对北京合生汇店和凯德mall店的报道,公司总部高度重视,已对涉事门店进行停业整顿,公司第一时间成立专案组进行内部自查,并配合市场监管部门进行检查,对检查结果将及时公布。据第一财经报道,全国公安机关加强App非法收集使用个人信息监管,会同有关部门联合开展APP违法违规收集个人信息专项治理工作,依法查处APP不履行公民个人信息安全保护义务行为,累计下架违法违规收集使用个人信息App 1100余款。万洲国际在港交所发布澄清公告称,万洪建先生指控,万隆先生(连同其秘书)于2013年完成收购史密斯菲尔德食品公司后从本公司获得了超过50亿港元的奖金。另外,万隆先生于2017年指示本公司授予其3.5亿股奖励股份,而上述奖励股份原本承诺授予本公司的管理团队。本公司谨此澄清:相关股份发行及奖励乃根据相关规则及法规妥为管理。据央视新闻报道,市场监管总局昨天召开新闻通气会,公开6起群众关注的食品安全案件查处情况。4月份以来,“小龙坎”火锅店、“蜜雪冰城”奶茶店、“华莱士”快餐店、“杨国福”麻辣烫店、“奈雪的茶”奶茶店等曝出食品安全问题,引起社会广泛关注。市场监管总局高度重视,迅速指导、协调地方市场监管部门依法开展核查处置;各地市场监管部门以“零容忍”的决心,从严从快从重查处违法违规问题,举一反三开展全面排查,坚决消除食品安全风险隐患。据报道,苏州完成全国首例智能驾驶车与数字人民币等全功能、全渠道聚合支付载体的运营测试,兼容卡、码、人脸识别等功能,实现了数字人民币、银联云闪付、微信、支付宝、银行掌银快捷支付、交通互联互通卡、苏州市民卡等全渠道支付。
36氪获悉,针对媒体报道“阿里云将用户留存的注册信息泄露给第三方合作伙伴”,阿里云回应:根据自查,该投诉事件应为2019年双11前后,阿里云一名电销员工违反公司纪律,利用工作便利私下获取客户联系方式,并透露给分销商员工,从而引发一名客户投诉。阿里云表示:公司严禁员工向第三方泄露用户注册信息,已根据公司制度对该事件进行严肃处理,并遵照浙江省通信管理局要求积极整改,对人员管理层面上的不足进行强化改进。据京东2021年二季度财报,2021年第二季度京东营收2538亿元,同比增长26.2%,市场预期2484.7亿元;京东Non-GAAP净利润46亿元,上年同期59亿元,市场预期调整后净利润35.24亿元。据界面新闻报道,胖哥俩通过其官方微博发布声明称,针对媒体对北京合生汇店和凯德mall店的报道,公司总部高度重视,已对涉事门店进行停业整顿,公司第一时间成立专案组进行内部自查,并配合市场监管部门进行检查,对检查结果将及时公布。据第一财经报道,全国公安机关加强App非法收集使用个人信息监管,会同有关部门联合开展APP违法违规收集个人信息专项治理工作,依法查处APP不履行公民个人信息安全保护义务行为,累计下架违法违规收集使用个人信息App 1100余款。万洲国际在港交所发布澄清公告称,万洪建先生指控,万隆先生(连同其秘书)于2013年完成收购史密斯菲尔德食品公司后从本公司获得了超过50亿港元的奖金。另外,万隆先生于2017年指示本公司授予其3.5亿股奖励股份,而上述奖励股份原本承诺授予本公司的管理团队。本公司谨此澄清:相关股份发行及奖励乃根据相关规则及法规妥为管理。据央视新闻报道,市场监管总局昨天召开新闻通气会,公开6起群众关注的食品安全案件查处情况。4月份以来,“小龙坎”火锅店、“蜜雪冰城”奶茶店、“华莱士”快餐店、“杨国福”麻辣烫店、“奈雪的茶”奶茶店等曝出食品安全问题,引起社会广泛关注。市场监管总局高度重视,迅速指导、协调地方市场监管部门依法开展核查处置;各地市场监管部门以“零容忍”的决心,从严从快从重查处违法违规问题,举一反三开展全面排查,坚决消除食品安全风险隐患。据报道,苏州完成全国首例智能驾驶车与数字人民币等全功能、全渠道聚合支付载体的运营测试,兼容卡、码、人脸识别等功能,实现了数字人民币、银联云闪付、微信、支付宝、银行掌银快捷支付、交通互联互通卡、苏州市民卡等全渠道支付。
36氪获悉,针对媒体报道“阿里云将用户留存的注册信息泄露给第三方合作伙伴”,阿里云回应:根据自查,该投诉事件应为2019年双11前后,阿里云一名电销员工违反公司纪律,利用工作便利私下获取客户联系方式,并透露给分销商员工,从而引发一名客户投诉。阿里云表示:公司严禁员工向第三方泄露用户注册信息,已根据公司制度对该事件进行严肃处理,并遵照浙江省通信管理局要求积极整改,对人员管理层面上的不足进行强化改进。据京东2021年二季度财报,2021年第二季度京东营收2538亿元,同比增长26.2%,市场预期2484.7亿元;京东Non-GAAP净利润46亿元,上年同期59亿元,市场预期调整后净利润35.24亿元。据界面新闻报道,胖哥俩通过其官方微博发布声明称,针对媒体对北京合生汇店和凯德mall店的报道,公司总部高度重视,已对涉事门店进行停业整顿,公司第一时间成立专案组进行内部自查,并配合市场监管部门进行检查,对检查结果将及时公布。据第一财经报道,全国公安机关加强App非法收集使用个人信息监管,会同有关部门联合开展APP违法违规收集个人信息专项治理工作,依法查处APP不履行公民个人信息安全保护义务行为,累计下架违法违规收集使用个人信息App 1100余款。万洲国际在港交所发布澄清公告称,万洪建先生指控,万隆先生(连同其秘书)于2013年完成收购史密斯菲尔德食品公司后从本公司获得了超过50亿港元的奖金。另外,万隆先生于2017年指示本公司授予其3.5亿股奖励股份,而上述奖励股份原本承诺授予本公司的管理团队。本公司谨此澄清:相关股份发行及奖励乃根据相关规则及法规妥为管理。据央视新闻报道,市场监管总局昨天召开新闻通气会,公开6起群众关注的食品安全案件查处情况。4月份以来,“小龙坎”火锅店、“蜜雪冰城”奶茶店、“华莱士”快餐店、“杨国福”麻辣烫店、“奈雪的茶”奶茶店等曝出食品安全问题,引起社会广泛关注。市场监管总局高度重视,迅速指导、协调地方市场监管部门依法开展核查处置;各地市场监管部门以“零容忍”的决心,从严从快从重查处违法违规问题,举一反三开展全面排查,坚决消除食品安全风险隐患。据报道,苏州完成全国首例智能驾驶车与数字人民币等全功能、全渠道聚合支付载体的运营测试,兼容卡、码、人脸识别等功能,实现了数字人民币、银联云闪付、微信、支付宝、银行掌银快捷支付、交通互联互通卡、苏州市民卡等全渠道支付。
Tesla (NASDAQ:TSLA) shares fell 1.95 percent on Tuesday. The drop in the growth stock comes after the electric-car maker's second-quarter report, which was released after the bell on Monday. Year on year, revenue nearly doubled to around $12 billion. This surpassed the $11.3 billion consensus estimate of analysts. Non-GAAP (adjusted) earnings per share were $1.45, exceeding analysts' average forecast of $0.98. Tesla shares are most likely trading lower due to a bearish day in the market as a whole.
Intel's second-quarter earnings are up after market closed on Thursday. GAAP revenue for the second quarter was $19.6 billion, which was significantly higher than the expected $17.8 billion. Non-GAAP revenue was $18.5 billion, $700 million higher than the April guidance and up 2% year on year. Intel's Data Center Group (DCG) earned $6.5 billion, compared to the $5.9 billion expected. Client computing was expected to generate 9.95 billion in revenue, but it actually generated $10.1 billion. GAAP earnings per share were $1.24, while non-GAAP earnings per share were $1.28, both of which exceeded April's guidance of $1.07. Intel's stock, on the other hand, was down 5.29 percent on Friday. Investors appear to be pessimistic about Intel's future, as the company recently reported a 20% drop in sales to cloud providers such as Amazon's AWS and Google.
Sumo Logic (Nasdaq: SUMO), a pioneer in continuous intelligence, released financial results for the first quarter of fiscal 2022, which concluded April 30, 2021. Revenue was $54.2 million, a 15% increase over the previous year. Non-GAAP net loss of $11.2 million, or $0.11 per share, was reported. Analysts predicted a 12-cent loss per share. As of 10:41 a.m. PST, Sumo logic stock was trading at $20.46, up 9.65 percent.
Autodesk ADSK announced non-GAAP earnings of $1.03 per share in the first quarter of fiscal 2022, beating the Consensus Estimate by 9.5 percent. Revenues of $989.3 million exceeded expectations by 2.5 percent and increased 11.7 percent year on year. The growth is mainly attributed to higher subscription income. Autodesk stock prices was down slightly -0.28% at $285.86 on Friday.
NVIDIA Corporation NVDA reported non-GAAP earnings of $3.66 per share in the first quarter of fiscal 2022, exceeding the Zacks Consensus Estimate. The reported amount increased by 103 percent year over year and 18 percent sequentially. During the quarter, the company's Gaming, Data Center, and Professional Visualization markets all saw record revenue. Data Center revenue (36 percent of total revenue) increased 79 percent year over year and 8 percent from the prior quarter to $2.05 billion. The year-on-year increase was primarily driven by revenue from the Mellanix acquisition, as well as robust chip demand from hyperscale and major consumer Internet users. OEM and Other revenues (5% of total sales) increased 137 percent year on year and 114 percent sequentially to $327 million. Total long-term debt (including current maturities) stood at $5.96 billion as of May 2, 2021, remaining unchanged from the previous quarter, which concluded on January 31, 2021. The expected non-GAAP operating expenditures are $1.26 billion. NVIDIA predicts $6.3 billion in sales for the second quarter of fiscal 2022. Nvidia stock price is down 0.9% at $622.37 as of 9:47am PST.
Pure Storage Inc. PSTG announced non-GAAP breakeven results for the first quarter of fiscal 2022 after markets closed on Wednesday. The consensus estimate was a loss of 7 cents per share. The firm recorded a loss of 2 cents per share in the first quarter of fiscal 2021. To $412.7 million, total revenues grew 12.4 percent from the previous quarter. Furthermore, the top line outperformed the Zacks Consensus Estimate by 1.6 percent. The company's stock price gained almost 2% after hours on Wednesday, but mainly keep flat (+0.18% at $19.24) as of 10am PST today.
Workday, Inc. is a software company. WDAY reported non-GAAP earnings of 87 cents per share in the first quarter of fiscal 2022. Revenues of $1.175 billion climbed 15.4 percent year over year and were 1.3 percent higher than the Zacks Consensus Estimate. The stock has increased 29.8 percent in the last year, compared to the industry's 41.5 percent rise. Several FINS solutions customers were added to the company's roster in the first quarter. Peakon was also purchased by Workday in March 2021. In fiscal 2022, the firm intends to boost its staff by more than 20%. Workday anticipates subscription revenue of $1.095-$1.97 billion in the second quarter of fiscal 2022. (indicating year-over-year growth of 18 percent ). Worday stock price drops 2.32% as of 9:52am PST today.
2021 Q1 Earnings Call- 7th consecutive profitable quarter- $10.389B in rev, $0.93 profit / share Non GAAP- 74% YOY growth in Q1- Model3 becomes best selling premium sedan in the world- gross margin increases- supply chain issues slows delivery of Refreshed ModelS & X, S expected in May- Sold 10% of Bitcoin holdings looking in profit- 4680 not in production yet- Solar now bundled with Powerwall- ModelY expected to be the worlds best selling car of all time, possibly in 2022https://www.google.ca/amp/s/insideevs.com/news/503446/tesla-q1-2021-earnings/amp/Tesla gives customers access to Data Recorderhttps://www.tesmanian.com/blogs/tesmanian-blog/tesla-gives-its-customers-access-to-event-data-recorder-to-get-event-record-and-report Recycle NASA ModelX-twitter pic Tesla Wave sensor approved by FCChttps://www.teslarati.com/tesla-driver-monitoring-system-fcc-filing-granted-child-safety/ Elon to host SNL May 8https://www.teslarati.com/elon-musk-saturday-night-live-host-confirmed/ Elon is approaching his next employment contract payout of $11Bhttps://www.teslarati.com/tesla-elon-musk-11b-payout-tsla-7th-profitable-quarter/ Elon stands firm, no need for a Tesla PR Depthttps://www.teslarati.com/elon-musk-tesla-pr-team-citizen-journalism/
The ”I hung up on Warren Buffett” Podcast by Wolfpack Research
In this episode we travel across the pond to chat with internationally renowned forensic accountant and author Steven Clapham. Steven talks to us about life as a sell-side analyst, his due diligence work when vetting a company, and his book “The Smart Money Method.” When he's not providing research for private clients, Stephen is educating the next generation of analysts with his online investment research and analysis training course - Behind the Balance Sheet. Sit back, have a drink, and enjoy a conversation with Dan and The Pack as they swap stories with award-winning forensic accountant Stephen Clapham. • 3:55 – Have you ever wondered what qualifications you need to be a sell-side analyst? According to Stephen – none. • 11:20 - The importance of knowing a company's balance sheet and why Stephen thinks most investors pay little to no attention to it – at their own peril. • 12:46 - GAAP, Non-GAAP, and the real numbers in a company's books. • 17:44 – Stephen's independent view as a sell-side analyst doesn't go over too well with one of the large banking firms. • 21:44 – Stephen moves to the buy-side and finds telling the whole truth much more rewarding. • 25:32 – The repercussions of not trusting a company's CEO. • 33:55 – Why you “can't prove” Alibaba is a fraud. • 42:58 – Auditors: do they matter, and if so, how much? • 47:12 – “It's impossible for a company to commit fraud … people commit fraud.” Fraud – who's committing it and who pays for it? • 49:10 – “Would we be better off without audits?” • 52:53 – Trained and Equipped: the importance of understanding the equities. • 56:34 – “The Old Boys Club,” Jamie Dimon, and the lack of true independent directors. • 101:11 – Stephen develops Behind the Balance Sheet, providing research and consultancy, and educating the next generation of analysts.
丘孔报科技。2020年11月17日。星期二。1、 11月16日,在广州国际生物岛举行的2020官洲国际生物论坛上,中国工程院院士钟南山致辞时表示,国外辉瑞疫苗能阻止90%的感染,其实广东乃至中国的疫苗研发水平也差不多,但要有了第一阶段试验结果才能公布。2、 最近,来自美国心脏协会的一项研究发现,辣椒可能对健康产生重大影响。该协会的初步研究显示,吃辣椒的人死于癌症和心脏病的风险可能“大大降低”。丘孔点评,这项最新研究涉及对数千项现有研究的分析,最终从多个拥有健康和饮食记录的国家/地区提取了超过57万人的数据。研究人员将吃辣椒的人与未吃辣椒的人进行了比较,发现香料蔬菜有许多潜在的好处。这其中,与不吃辣椒的人相比,研究发现那些吃辣椒的人因心血管原因而死亡的几率减少了26%,因癌症死亡的几率减少了23%,总体死亡几率减少了25%。3、 近日,美国通信行业解决方案联盟(ATIS)宣布成立「下一代G联盟」,并将苹果、谷歌等科技巨头纳入其中,将为未来北美的6G技术指明方向,而中国也刚刚发射了全球首颗6G试验卫星,正式开启太赫兹技术验证。4、11 月 16 日下午消息,2020 首届上海国际网络文学周在上海浦东启动。大会发布《2020 网络文学出海发展白皮书》(以下称《白皮书》)。《白皮书》显示,截至 2019 年,国内向海外输出网络文学作品 10000 余部,覆盖 40 多个 “一带一路”沿线国家和地区。2019 年翻译网络文学作品 3000 余部。其中,在海外 95 后最爱创作,女性作者写得最多的是言情题材。5、就在刚刚,美国太空探索技术公司 (SpaceX)的载人 “龙”飞船搭载 “猎鹰 9 号”运载火箭发射升空,将 4 名宇航员送入国际空间站。在一级火箭与猎鹰 9 号分离后,SpaceX 将尝试利用大西洋上的无人船回收一级火箭。6、依靠铜添加剂,康宁研发出杀菌涂料 可在2小时内杀死99%细菌。7、针对腾讯月薪7万多的硬核,腾讯员工现身说法,腾讯当前共有员工近7万7千多人,大部分的职级分布在7/8/9这三个段,因此这三个段才最能反应腾讯的真实收入水平,而即便在这三个段内,能拿到每个段的最高薪的也是凤毛麟角,就像招聘告诉你工资是8K到12K,往往意味着能给你的就是8K一样。也就是说7/8/9职级的收入月薪基本在2.5万,3.3万,5万,虽然超过很多工资的月薪,但传言到7.6万无疑是在诱导群众。8、在英国《科学报告》发表的最新研究成果表明,日本东京大学的科研团队发现,从福岛第一核电站附近采集的地下水中,检测出含有超过自然标准浓度的放射性物质氚。采集发现,福岛周边10个地方中的多处,均连续检测出每升平均20贝克勒尔的氚。丘孔点评,核电站才是世界的未来,但是核电站的安全还需要逐步加强。最近听卓老板谈论核电站的一系列音频,非常通透,我下载下来了,如果你需要,可以找我。9、京东发布第三季度财报。京东第三季度营收1742亿元人民币,去年同期1348.43亿元,同比增长29.19%。2020年第三季度应归属于普通股东的Non-GAAP净利润从去年同期的31亿元人民币增长了80.1%,至56亿元人民币(合8亿美元)。丘孔点评,看到这些大企业的利润,就害怕大企业会夺去所有人的安逸,只留下公务员和大企业员工的幸福。还是那句话,适度的垄断会促进社会进步,我们现在的状态是 适度 吗?多少度的垄断算适度?10、11 月 16 日在滴滴出行开放日上,滴滴正式发布定制网约车 D1。滴滴出行 CEO 程维表示,D1 是全球首款定制网约车,与比亚迪合作,花费三年时间打造。以前的汽车是为家庭设计和生产,而 D1 是为共享而生。D1 是快车级的价格,拥有奥迪 A6 的空间;配备 30 万元 + 的汽车才会配备的安全系统;可大幅降低司机运营成本。丘孔点评,非常期待这款车的到来,网约车司机的饭碗也是可能最快被迭代掉的,你每一次躲避,都在增加自己被替代的可能。滴滴计划于 2025 年推出 D3,普及 100 万辆,搭载自动驾驶功能;2030 年希望去掉驾驶舱,实现完全自动驾驶。2030年完全自动驾驶几乎一定会到来,网约车司机的未来在哪里?需要新的岗位来承担未来,每一个司机都要设身处地的思考一下。11、索尼、LG 被德国法院裁定侵犯 Solas OLED 专利,停止在德销售并召回相关产品。丘孔点评,一个如此在乎专利权的国家,创新能够得到保护,才会有源源不断的资金投入创新领域。德国的制造业如此强大,应该有其必然的原因吧。12、格力电器今日发布公告,自 2020 年 11 月 17 日起由公司董事长董明珠女士代行董事会秘书职责,直至公司正式聘任董事会秘书。丘孔点评,自己服务自己,老板以后出差报销,谁来贴发票呀?!13、饿了么近日与华东师范大学、大庆师范学院、商丘职业技术学院等约 500 所高校食堂,以及麦金地等团餐平台达成合作,至此全国累计已有 100 座城市近 1000 所高校食堂通过饿了么开通外卖服务。学校师生可以通过预约取餐或者外卖送餐的方式,在饿了么上点到食堂餐品,校园内平均 20 分钟送达。14、三星今天发布了全新的智能显示器,这是一款具有工作、学习和娱乐功能的全新显示解决方案。与三星智能电视一样,三星全新智能显示器也采用了 Tizen 操作系统,为 PC 和智能手机提供了众多的连接方式。丘孔点评,显示器多花一点钱,自带一个可以更新的操作系统,的确可以快速普及;甚至某些时候,用户使用显示器自带的操作系统,就能完成任务,根本不需要什么主机和一体机了。用一体机的思维做显示器,或许是下一波骚操作。锤子的手机type-c直接连接显示器办公的思路也不错。15、近日,华为技术有限公司新增多条商标信息,包括名为 “荣耀”、 “荣耀视频”、“荣耀钱包”、“荣耀阅读”、“荣耀亲选”、“荣耀花粉”等,申请日期在 11 月 6 日。丘孔点评,我之前说华为不会放弃荣耀,卖身是为了让荣耀更好的发展,现在信了吧。16、从多位接近华为高层的知情人士处获悉,华为消费者 BG 正在与智能汽车解决方案 BU 进行整合,总负责人是华为消费者业务 CEO 余承东。丘孔点评,余承东临危受命,希望在智能汽车领域继续手机领域的辉煌。17、近日,拼多多隶属企业上海寻梦信息技术有限公司新增多条商标信息,商标名为 “碰多多”、“碰碰多”、“多多拼购”等,国际分类涉及运输储藏、通讯服务、广告销售等,商标状态显示为 “商标申请中”。18、腾讯科技(深圳)有限公司新增多条商标信息,其中包含两条名为 “羊你太美”的商标,国际分类涉及教育娱乐与科学仪器,其中前者已完成注册,后者仍处于申请阶段。丘孔点评,羊大为美,这是中国古代造字的哲学——看我家肥羊,多大呀,太美了。羊你太美,是哪门子理解?求破解。19、三星电子(Samsung Electronics)开始准备 Mini LED 背光 LCD 电视量产,并于越南斥资 400 亿韩元投资兴建 Mini LED 电视产线,有望即将正式推出 Mini LED 电视。丘孔点评,中国的人力成本,在高房价的薅羊毛下,已经不太利于外资生存。老百姓其实没有得到多少福利,那些房产快速飙高产生的剩余价值,被谁他妈的吃了?20、台积电四大主力客户苹果、高通、英伟达、联发科近期大举追单提高备货量,台积电 5 纳米、7 纳米先进制程产能满载,部分订单已排至明年下半年。丘孔点评,天天听到技术进步,14纳米量产,28纳米不依赖国外,6纳米曲线实现,怎么感觉都是扯淡呢?哪条生产线开工了?技术突破到哪里了?国内的媒体们,如实报道不好吗?21、“全民 K 歌”涉黄处理结果:腾讯被顶格罚款,全面整改,下线 “交友陪玩”功能。22、长江小米基金、联想创投入股钛深科技,因其能够提供柔性触觉传感器等技术。23、海尔智家发布公告称,如 H 股发行上市顺利推进,公司 H 股预计于 2020 年 12 月 22 日在港交所挂牌上市及交易,H 股股票代码为 6690。24、realme李炳忠发文称,根据Counterpoint第三季度全球手机出货量报告,realme只用了9个季度就实现了累计销量5000万,成为全球最快获得5000万用户的手机品牌。25、11月16日,搜狐公司公布了2020年第三季度财务报告。第三季度搜狐营收1.58亿美元,其中品牌广告收入为4100万美元,环比增长8% 。在线游戏收入为1.01亿美元,较2019年同期下降6%,较上一季度下降4%。PC客户端游戏方面,总计平均月度活跃用户数 为200万,较2019年同期下降5%,较上一季度增长5%。26、DevEco Studio 是面向华为终端全场景多设备的一站式分布式应用开发平台。目前,DevEco Studio 已更新至 V2.0.10.201 版本,新增支持 Mac 操作系统,以及车机(Car)和智慧视觉(Smart Vision)设备的工程模板创建。丘孔,一个长期主义奉行者。哪怕帮你领先一分钟,也算丘孔报科技的欣慰了,如果你感觉受到了帮助,也请你帮助一下我们,请帮忙转发。
丘孔报科技。2020年11月17日。星期二。1、 11月16日,在广州国际生物岛举行的2020官洲国际生物论坛上,中国工程院院士钟南山致辞时表示,国外辉瑞疫苗能阻止90%的感染,其实广东乃至中国的疫苗研发水平也差不多,但要有了第一阶段试验结果才能公布。2、 最近,来自美国心脏协会的一项研究发现,辣椒可能对健康产生重大影响。该协会的初步研究显示,吃辣椒的人死于癌症和心脏病的风险可能“大大降低”。丘孔点评,这项最新研究涉及对数千项现有研究的分析,最终从多个拥有健康和饮食记录的国家/地区提取了超过57万人的数据。研究人员将吃辣椒的人与未吃辣椒的人进行了比较,发现香料蔬菜有许多潜在的好处。这其中,与不吃辣椒的人相比,研究发现那些吃辣椒的人因心血管原因而死亡的几率减少了26%,因癌症死亡的几率减少了23%,总体死亡几率减少了25%。3、 近日,美国通信行业解决方案联盟(ATIS)宣布成立「下一代G联盟」,并将苹果、谷歌等科技巨头纳入其中,将为未来北美的6G技术指明方向,而中国也刚刚发射了全球首颗6G试验卫星,正式开启太赫兹技术验证。4、11 月 16 日下午消息,2020 首届上海国际网络文学周在上海浦东启动。大会发布《2020 网络文学出海发展白皮书》(以下称《白皮书》)。《白皮书》显示,截至 2019 年,国内向海外输出网络文学作品 10000 余部,覆盖 40 多个 “一带一路”沿线国家和地区。2019 年翻译网络文学作品 3000 余部。其中,在海外 95 后最爱创作,女性作者写得最多的是言情题材。5、就在刚刚,美国太空探索技术公司 (SpaceX)的载人 “龙”飞船搭载 “猎鹰 9 号”运载火箭发射升空,将 4 名宇航员送入国际空间站。在一级火箭与猎鹰 9 号分离后,SpaceX 将尝试利用大西洋上的无人船回收一级火箭。6、依靠铜添加剂,康宁研发出杀菌涂料 可在2小时内杀死99%细菌。7、针对腾讯月薪7万多的硬核,腾讯员工现身说法,腾讯当前共有员工近7万7千多人,大部分的职级分布在7/8/9这三个段,因此这三个段才最能反应腾讯的真实收入水平,而即便在这三个段内,能拿到每个段的最高薪的也是凤毛麟角,就像招聘告诉你工资是8K到12K,往往意味着能给你的就是8K一样。也就是说7/8/9职级的收入月薪基本在2.5万,3.3万,5万,虽然超过很多工资的月薪,但传言到7.6万无疑是在诱导群众。8、在英国《科学报告》发表的最新研究成果表明,日本东京大学的科研团队发现,从福岛第一核电站附近采集的地下水中,检测出含有超过自然标准浓度的放射性物质氚。采集发现,福岛周边10个地方中的多处,均连续检测出每升平均20贝克勒尔的氚。丘孔点评,核电站才是世界的未来,但是核电站的安全还需要逐步加强。最近听卓老板谈论核电站的一系列音频,非常通透,我下载下来了,如果你需要,可以找我。9、京东发布第三季度财报。京东第三季度营收1742亿元人民币,去年同期1348.43亿元,同比增长29.19%。2020年第三季度应归属于普通股东的Non-GAAP净利润从去年同期的31亿元人民币增长了80.1%,至56亿元人民币(合8亿美元)。丘孔点评,看到这些大企业的利润,就害怕大企业会夺去所有人的安逸,只留下公务员和大企业员工的幸福。还是那句话,适度的垄断会促进社会进步,我们现在的状态是 适度 吗?多少度的垄断算适度?10、11 月 16 日在滴滴出行开放日上,滴滴正式发布定制网约车 D1。滴滴出行 CEO 程维表示,D1 是全球首款定制网约车,与比亚迪合作,花费三年时间打造。以前的汽车是为家庭设计和生产,而 D1 是为共享而生。D1 是快车级的价格,拥有奥迪 A6 的空间;配备 30 万元 + 的汽车才会配备的安全系统;可大幅降低司机运营成本。丘孔点评,非常期待这款车的到来,网约车司机的饭碗也是可能最快被迭代掉的,你每一次躲避,都在增加自己被替代的可能。滴滴计划于 2025 年推出 D3,普及 100 万辆,搭载自动驾驶功能;2030 年希望去掉驾驶舱,实现完全自动驾驶。2030年完全自动驾驶几乎一定会到来,网约车司机的未来在哪里?需要新的岗位来承担未来,每一个司机都要设身处地的思考一下。11、索尼、LG 被德国法院裁定侵犯 Solas OLED 专利,停止在德销售并召回相关产品。丘孔点评,一个如此在乎专利权的国家,创新能够得到保护,才会有源源不断的资金投入创新领域。德国的制造业如此强大,应该有其必然的原因吧。12、格力电器今日发布公告,自 2020 年 11 月 17 日起由公司董事长董明珠女士代行董事会秘书职责,直至公司正式聘任董事会秘书。丘孔点评,自己服务自己,老板以后出差报销,谁来贴发票呀?!13、饿了么近日与华东师范大学、大庆师范学院、商丘职业技术学院等约 500 所高校食堂,以及麦金地等团餐平台达成合作,至此全国累计已有 100 座城市近 1000 所高校食堂通过饿了么开通外卖服务。学校师生可以通过预约取餐或者外卖送餐的方式,在饿了么上点到食堂餐品,校园内平均 20 分钟送达。14、三星今天发布了全新的智能显示器,这是一款具有工作、学习和娱乐功能的全新显示解决方案。与三星智能电视一样,三星全新智能显示器也采用了 Tizen 操作系统,为 PC 和智能手机提供了众多的连接方式。丘孔点评,显示器多花一点钱,自带一个可以更新的操作系统,的确可以快速普及;甚至某些时候,用户使用显示器自带的操作系统,就能完成任务,根本不需要什么主机和一体机了。用一体机的思维做显示器,或许是下一波骚操作。锤子的手机type-c直接连接显示器办公的思路也不错。15、近日,华为技术有限公司新增多条商标信息,包括名为 “荣耀”、 “荣耀视频”、“荣耀钱包”、“荣耀阅读”、“荣耀亲选”、“荣耀花粉”等,申请日期在 11 月 6 日。丘孔点评,我之前说华为不会放弃荣耀,卖身是为了让荣耀更好的发展,现在信了吧。16、从多位接近华为高层的知情人士处获悉,华为消费者 BG 正在与智能汽车解决方案 BU 进行整合,总负责人是华为消费者业务 CEO 余承东。丘孔点评,余承东临危受命,希望在智能汽车领域继续手机领域的辉煌。17、近日,拼多多隶属企业上海寻梦信息技术有限公司新增多条商标信息,商标名为 “碰多多”、“碰碰多”、“多多拼购”等,国际分类涉及运输储藏、通讯服务、广告销售等,商标状态显示为 “商标申请中”。18、腾讯科技(深圳)有限公司新增多条商标信息,其中包含两条名为 “羊你太美”的商标,国际分类涉及教育娱乐与科学仪器,其中前者已完成注册,后者仍处于申请阶段。丘孔点评,羊大为美,这是中国古代造字的哲学——看我家肥羊,多大呀,太美了。羊你太美,是哪门子理解?求破解。19、三星电子(Samsung Electronics)开始准备 Mini LED 背光 LCD 电视量产,并于越南斥资 400 亿韩元投资兴建 Mini LED 电视产线,有望即将正式推出 Mini LED 电视。丘孔点评,中国的人力成本,在高房价的薅羊毛下,已经不太利于外资生存。老百姓其实没有得到多少福利,那些房产快速飙高产生的剩余价值,被谁他妈的吃了?20、台积电四大主力客户苹果、高通、英伟达、联发科近期大举追单提高备货量,台积电 5 纳米、7 纳米先进制程产能满载,部分订单已排至明年下半年。丘孔点评,天天听到技术进步,14纳米量产,28纳米不依赖国外,6纳米曲线实现,怎么感觉都是扯淡呢?哪条生产线开工了?技术突破到哪里了?国内的媒体们,如实报道不好吗?21、“全民 K 歌”涉黄处理结果:腾讯被顶格罚款,全面整改,下线 “交友陪玩”功能。22、长江小米基金、联想创投入股钛深科技,因其能够提供柔性触觉传感器等技术。23、海尔智家发布公告称,如 H 股发行上市顺利推进,公司 H 股预计于 2020 年 12 月 22 日在港交所挂牌上市及交易,H 股股票代码为 6690。24、realme李炳忠发文称,根据Counterpoint第三季度全球手机出货量报告,realme只用了9个季度就实现了累计销量5000万,成为全球最快获得5000万用户的手机品牌。25、11月16日,搜狐公司公布了2020年第三季度财务报告。第三季度搜狐营收1.58亿美元,其中品牌广告收入为4100万美元,环比增长8% 。在线游戏收入为1.01亿美元,较2019年同期下降6%,较上一季度下降4%。PC客户端游戏方面,总计平均月度活跃用户数 为200万,较2019年同期下降5%,较上一季度增长5%。26、DevEco Studio 是面向华为终端全场景多设备的一站式分布式应用开发平台。目前,DevEco Studio 已更新至 V2.0.10.201 版本,新增支持 Mac 操作系统,以及车机(Car)和智慧视觉(Smart Vision)设备的工程模板创建。丘孔,一个长期主义奉行者。哪怕帮你领先一分钟,也算丘孔报科技的欣慰了,如果你感觉受到了帮助,也请你帮助一下我们,请帮忙转发。
丘孔报科技。。2020年11月12日。。星期三四。。1、 苹果发布会带来了全新的 MacBook Air、13 英寸 MacBook Pro 以及 Mac mini,这三款硬件采用 “全新”的 M1 芯片。2、 美国参议院拨款机构提议明年向美国国家航空航天局(NASA)拨款 10 亿美元,用于打造将人类送至月球表面的全新登月飞船。但这一数字比 NASA 申请的资金少了大约 24 亿美元,资金短缺可能会推迟 NASA 在 2024 年实现首位女性宇航员登月的宏伟计划。3、 11月10日,紫光展锐在上海国际会议中心召开的 5G 产业创新高峰论坛上,正式发布了《6G:无界,有 AI》白皮书。为了适应场景和需求的多样性,6G 核心技术也将呈现多元化,白皮书对太赫兹通信、可见光通信、先进调制解码、星地协同传输等 6G 核心技术的主要特点、性能特性、发展挑战进行了深入分析,并给出了进一步研究的建议。4、据外媒 LetsGoDigital 报道,三星正在开发一款采用类似于小米 MIX Alpha 环绕屏设计的手机新品,该机将采用 100% 屏占比,不仅是在产品正面,就连产品背部、边框和顶、底部都将被屏幕包裹。5、英特尔发布全新服务器独显,双卡服务器可生成 100+《王者荣耀》游戏实例。6、三星公司近期正在研发一款类似于小米MIX Alpha 的环绕屏手机。这款手机将会达到100%屏占比,同时这款手机还会搭载滑盖摄像头。7、11月5日,冠脉支架国家集采落地。本次集采有多款百元支架出现,据统计,其中最低的是山东吉威(蓝帆医疗子公司)Excrossal支架,报价从之前省标的1.35万元降价至469元,降幅达到96%。此外还有多款国产和进口支架,价格降到500-700元的价位,降幅十分明显。8、11月1日0时至11月11日12时,天猫双11全球狂欢季已经诞生了102个成交额破亿的产业带,其中超过10亿元成交额的产业到有10个。9、京东官方数据显示,2020年11月1日00:00至11月11日00:09,京东11.11全球热爱季累计下单金额突破2000亿元。10、11 月 11 日凌晨,苏宁易购公布实时战报:11 日 0 点双十一全面开启后,仅用时 19 分钟,苏宁全场景生态渠道 (包含苏宁易购、苏宁易购天猫旗舰店、苏宁易购超级买手直播间、苏宁店播 )GMV 破 50 亿。11、小米双 11 天猫当日首份战报出炉:开场 50 秒支付金额破亿,1 分 40 秒破 2 亿,3 分钟破 3 亿,50分钟#小米双11# 全平台支付金额破20亿元!12、腾讯音乐(NYSE:TME)公布了截至 9 月 30 日的 2020 财年第三季度未经审计财报。报告显示,腾讯音乐第三季度总营收为人民币 75.8 亿元(约合 11.2 亿美元),与上年同期的人民币 65.1 亿元相比增长人民币 10.7 亿元,同比增幅为 16.4%;归属于公司股东的净利润为人民币 11.3 亿元(约合 1.67 亿美元),与上年同期的人民币 10.3 亿元相比增长 10%;非国际财务报告准则归属于公司股东的净利润增长至人民币 13.5 亿元(约合 1.98 亿美元),相比之下上年同期为人民币 12.4 亿元。13、11 月 11 日,游戏直播平台虎牙、斗鱼先后公布了 2020 年第三季度财报。虎牙第三季度总净营收为 28.148 亿元,同比增长 24.3%;非美国通用会计准则(Non-GAAP)下,净利润为 3.612 亿元,同比增长 75.0%。而斗鱼第三季度总净营收为 25.465 亿元,同比增长 37.0%;非美国通用会计准则下,调整后的净利润为 9870 万元,而上年同期净利润为 7220 万元。净利润率为 3.9%,同比持平。14、TikTok 在爱尔兰大幅扩张业务,200 名新员工多数将进入安全部门。15、11月11日晚,中芯国际发布了Q3季度财报,当季营收10.8亿美元,大涨32.6%,也十多年来首次突破10亿美元大关,2.56亿美元的净利润也大涨122.7%。根据中芯国际的数据,截至9月底的Q3季度中,公司营收10.82亿美元,同比增长32.6%,环比增长15.3%,创造了历年来营收最佳纪录。丘孔。。2020年11月12日。。紧跟丘孔报科技,科技信息先人一步早掌握。
丘孔报科技。。2020年11月12日。。星期三四。。1、 苹果发布会带来了全新的 MacBook Air、13 英寸 MacBook Pro 以及 Mac mini,这三款硬件采用 “全新”的 M1 芯片。2、 美国参议院拨款机构提议明年向美国国家航空航天局(NASA)拨款 10 亿美元,用于打造将人类送至月球表面的全新登月飞船。但这一数字比 NASA 申请的资金少了大约 24 亿美元,资金短缺可能会推迟 NASA 在 2024 年实现首位女性宇航员登月的宏伟计划。3、 11月10日,紫光展锐在上海国际会议中心召开的 5G 产业创新高峰论坛上,正式发布了《6G:无界,有 AI》白皮书。为了适应场景和需求的多样性,6G 核心技术也将呈现多元化,白皮书对太赫兹通信、可见光通信、先进调制解码、星地协同传输等 6G 核心技术的主要特点、性能特性、发展挑战进行了深入分析,并给出了进一步研究的建议。4、据外媒 LetsGoDigital 报道,三星正在开发一款采用类似于小米 MIX Alpha 环绕屏设计的手机新品,该机将采用 100% 屏占比,不仅是在产品正面,就连产品背部、边框和顶、底部都将被屏幕包裹。5、英特尔发布全新服务器独显,双卡服务器可生成 100+《王者荣耀》游戏实例。6、三星公司近期正在研发一款类似于小米MIX Alpha 的环绕屏手机。这款手机将会达到100%屏占比,同时这款手机还会搭载滑盖摄像头。7、11月5日,冠脉支架国家集采落地。本次集采有多款百元支架出现,据统计,其中最低的是山东吉威(蓝帆医疗子公司)Excrossal支架,报价从之前省标的1.35万元降价至469元,降幅达到96%。此外还有多款国产和进口支架,价格降到500-700元的价位,降幅十分明显。8、11月1日0时至11月11日12时,天猫双11全球狂欢季已经诞生了102个成交额破亿的产业带,其中超过10亿元成交额的产业到有10个。9、京东官方数据显示,2020年11月1日00:00至11月11日00:09,京东11.11全球热爱季累计下单金额突破2000亿元。10、11 月 11 日凌晨,苏宁易购公布实时战报:11 日 0 点双十一全面开启后,仅用时 19 分钟,苏宁全场景生态渠道 (包含苏宁易购、苏宁易购天猫旗舰店、苏宁易购超级买手直播间、苏宁店播 )GMV 破 50 亿。11、小米双 11 天猫当日首份战报出炉:开场 50 秒支付金额破亿,1 分 40 秒破 2 亿,3 分钟破 3 亿,50分钟#小米双11# 全平台支付金额破20亿元!12、腾讯音乐(NYSE:TME)公布了截至 9 月 30 日的 2020 财年第三季度未经审计财报。报告显示,腾讯音乐第三季度总营收为人民币 75.8 亿元(约合 11.2 亿美元),与上年同期的人民币 65.1 亿元相比增长人民币 10.7 亿元,同比增幅为 16.4%;归属于公司股东的净利润为人民币 11.3 亿元(约合 1.67 亿美元),与上年同期的人民币 10.3 亿元相比增长 10%;非国际财务报告准则归属于公司股东的净利润增长至人民币 13.5 亿元(约合 1.98 亿美元),相比之下上年同期为人民币 12.4 亿元。13、11 月 11 日,游戏直播平台虎牙、斗鱼先后公布了 2020 年第三季度财报。虎牙第三季度总净营收为 28.148 亿元,同比增长 24.3%;非美国通用会计准则(Non-GAAP)下,净利润为 3.612 亿元,同比增长 75.0%。而斗鱼第三季度总净营收为 25.465 亿元,同比增长 37.0%;非美国通用会计准则下,调整后的净利润为 9870 万元,而上年同期净利润为 7220 万元。净利润率为 3.9%,同比持平。14、TikTok 在爱尔兰大幅扩张业务,200 名新员工多数将进入安全部门。15、11月11日晚,中芯国际发布了Q3季度财报,当季营收10.8亿美元,大涨32.6%,也十多年来首次突破10亿美元大关,2.56亿美元的净利润也大涨122.7%。根据中芯国际的数据,截至9月底的Q3季度中,公司营收10.82亿美元,同比增长32.6%,环比增长15.3%,创造了历年来营收最佳纪录。丘孔。。2020年11月12日。。紧跟丘孔报科技,科技信息先人一步早掌握。
Non-GAAP Mike has a fascinating background as an analyst at a very well-known hedge-fund and when it wound up transitioned into tech. He also writes a superb substack called non-GAAP where he dives deep into proxy's to come up with valuable signals that something is about to change in a business. Non-GAAP: https://nongaap.substack.com/ Mike on Twitter: https://twitter.com/nongaap?lang=en
Mental Models discussed in this podcast: Generally Accepted Accounting Principles (GAAP) Owner's Earnings Free Cash Flow Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investing Support the Podcast on Patreon This is a podcast supported by listeners like you. If you'd like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at DIYInvesting.org/Patron. You can find out more information by listening to episode 11 of this podcast. Show Outline The full show notes for this episode are available at https://www.diyinvesting.org/Episode91 Owner's Earnings definition and its Approximations GAAP Earnings vs Owner's Earnings vs Free Cash Flow Everything is an approximation attempt at Owner's Earnings What are the Owner' earnings? The cash available to be distributed from the business TODAY without impacting the competitive position of the business for the future. How much cash could be paid in dividends today if the business didn't grow AND didn't shrink? We're going to talk about Amazon today Using Amazon's 10k. (2019) Investing Rules for Fundamental Analysis of GAAP Earnings Expenses should be treated as expenses even if they don't involve cash outlays Think like an owner, not a manager If your estimate of free cash flow exceeds 110% earnings you're probably wrong. (Not always but probably). It is rare for a company's free cash flow to exceed earnings. Stock-Based Compensation This is the big one. How you calculate this can be a problem. Amazon recorded a $6.8 billion non-cash expense for “stock-based compensation” in 2019. Jan 2019 shares: 491.2 million Jan 2020 shares: 497.8 million An increase in 6.6 million shares during that period. Yet, using Amazon's market price of $3,200, it would require $21.1 billion to buyback that many shares. Should you use $6.8 billion as the expense or $21.1 billion? In January 2020, Amazon was priced at $1,800 per share, so let's use that price. That's still $11.8 billion to buy back the shares. This means Amazon is understating the cost of its share issuance by AT LEAST $5 billion, in a single year. Maintenance CapEx vs Growth CapEx vs Depreciation It is a fallacy to say that Growth CapEx is simply Total CapEx minus Depreciation. Inflation will cause maintenance CapEx to exceed Depreciation in most cases. Also, have to consider property plant and equipment acquired under finance leases. $13.7 billion in Amazon's case. Questions from Twitter Valuation Adjustments Land Inventory Investments Goodwill is ambiguous Deferred revenue classified as a liability (false reading of a firm's financial condition) Response: Pay upfront is useful as a float when growing but harmful when growth reverses. May have to pay refunds? Change in accounting rules for operating leases (now considered an asset with a matching liability) Software and R&D immediately expensed even though it can be an asset like a factory or a machine. Non-GAAP adjustments are either (1) non-recurring or (2) non-cash. On (1), can you explain how you factor in non-recurring costs into a forecast for valuation, and (2) how to deal with the amortization of acquired intangibles vs total amortization (ie. incl. Non acquired intangible assets) Companies will sometimes only back out acquired intangibles and not amortized internally developed assets. Adjusting CAPEX for operating leases. Summary: GAAP stands for "Generally Accepted Accounting Principles" and GAAP earnings represent net income available to shareholders using these accepted accounting principles. GAAP is foundational for investors trying to calculate the owner's earnings.
宏观经济【社科院:“十四五”期末或出现1.3亿吨左右的粮食缺口】8月17日,社科院发布《中国农村发展报告2020》。《报告》预计到2025年,中国城镇化率将达到65.5%,保守估计新增农村转移人口在8000万人以上;农业就业人员比重将下降到20%左右;乡村60岁以上人口比例将达到25.3%,约为1.24亿人。到“十四五”期末,有可能出现1.3亿吨左右的粮食缺口,其中谷物(三大主粮)缺口约为2500万吨。 【李迅雷:投资房地产的话要在三条线上】中泰证券首席经济学家李迅雷表示,A股不太可能有全面牛市,是结构性的,尽管经济在下行,但是市场机会更多。从大类资产配置来看,应该增加权益资产配置比例,以前楼市的占比太高。如果要投资房地产的话,主要在三条线上:粤港澳大湾区、杭州湾湾区、长江经济带。(证券时报) 企业动态【破纪录!京东第二季度净收入2011亿元】8月17日,京东发布香港上市以来的首份财报,第二季度,京东实现净收入2011亿元人民币,同比增长33.8%,这一增速也创下公司近10个季度以来的新高,并首次实现单季净收入破2000亿元人民币,创造了中国零售及互联网单季收入的新纪录。归属于普通股股东的净利润为59亿元人民币(Non-GAAP)。京东在年度活跃购买用户数也首次突破4亿,达到4.174亿,同比去年增速达到30%,创下公司近11个季度以来的最高增速。 【大疆回应裁员传闻:建议让子弹飞一会儿】8月17日,据路透社报道,中国无人机巨头深圳大疆科技有限公司正寻求裁员约14000名员工。裁员从三月开始,削减了三分之二的行销和销售人员。对此,大疆公关总监谢阗表示:“8月15日路透社报道美国政府封杀阿里巴巴,几个小时后路透社宣布这是一条假新闻。考虑到大疆总共14000人,按路透社的说法这公司都没人了。我建议让子弹飞一会。” 【特斯拉回应上海拼多多团购车主成功提车】8月17日,针对上海一拼多多团购车主成功提到特斯拉model 3,而此前特斯拉已经拒绝给武汉车主交车的情况,特斯拉相关负责人回应,上海车主“全程都是拼多多的人用客户信息代为下单”。据悉,武汉被拒绝交付的准车主将起诉特斯拉。 安卓用户请稍候。【微信朋友圈不喜欢的评论可以删除了】近日,有网友反映微信新版本中,新增“朋友圈中可删除好友评论”功能。此前,用户是无法删除好友评论的,如果有不喜欢的评论,只能选择删除整条朋友圈。目前iOS用户更新至7.0.15版本微信即可体验,安卓用户如暂不可体验,可以稍等候。 【斗鱼和虎牙分别组建特别委员会,研究腾讯的合并议案】斗鱼和虎牙均成立特别委员会,研究腾讯的合并议案。斗鱼方面已聘请摩根士丹利亚洲为财务顾问,虎牙方面聘请花旗集团作为其独立财务顾问,双方董事会尚未就回应该提议作出决定。虎牙8月10日曾宣布,该公司董事会已收到腾讯控股有限公司于2020年8月10日发出的不具约束力的初步建议书,建议虎牙与斗鱼以换股的方式进行合并。 国际视野【王毅赴机场迎接驻休斯敦总领事馆全体馆员回国】8月17日晚,驻休斯敦总领事馆全体馆员乘包机抵达北京,外交部在首都机场举行简短庄重迎接仪式。国务委员兼外交部长王毅出席并讲话。王毅表示,我们坚信,要对话,不要对抗仍是两国的主流民意,我们坚信,中美关系历经风雨后还会浴火重生。迎接仪式上,外交部党委书记齐玉还代表部党委宣布授予驻休斯敦总领事馆集体三等功。(环球网) 持续施压!【美国将38家华为子公司列入实体清单,未对阿里巴巴采取行动】特朗普政府还在针对华为采取行动!据俄罗斯卫星通讯社最新消息,当地时间17日,美国国务卿蓬佩奥表示,美国商务部进一步收紧对华为获取美国技术的限制,同时将华为在全球21个国家的38家子公司列入“实体清单”。此外,美国商务部长罗斯称,美国忙着处理TikTok的事情,没有对阿里巴巴采取任何正式行动。(环球网) 【马斯克被爆有神秘计划:开采太空小行星的黄金】据报道,文克莱沃斯双胞胎兄弟最近在接受一个节目采访时表示,和购买黄金相比,购买比特币其实是一种更好的投资,因为马斯克有一个计划要开采太空中小行星上的黄金,届时供应量的增加将会导致黄金价格下跌。 【菲律宾失业率达到45.5%,创历史纪录】8月16日,菲律宾独立社会调查机构社会气象站发布的报告显示,菲律宾的失业率达到45.5%,创历史纪录。社会气象站称,到2020年7月,菲律宾大约有6000万劳动力,其中失业人数估计为2730万。在被调查者中,有50%的人是在新冠疫情期间失业的。
宏观经济【社科院:“十四五”期末或出现1.3亿吨左右的粮食缺口】8月17日,社科院发布《中国农村发展报告2020》。《报告》预计到2025年,中国城镇化率将达到65.5%,保守估计新增农村转移人口在8000万人以上;农业就业人员比重将下降到20%左右;乡村60岁以上人口比例将达到25.3%,约为1.24亿人。到“十四五”期末,有可能出现1.3亿吨左右的粮食缺口,其中谷物(三大主粮)缺口约为2500万吨。 【李迅雷:投资房地产的话要在三条线上】中泰证券首席经济学家李迅雷表示,A股不太可能有全面牛市,是结构性的,尽管经济在下行,但是市场机会更多。从大类资产配置来看,应该增加权益资产配置比例,以前楼市的占比太高。如果要投资房地产的话,主要在三条线上:粤港澳大湾区、杭州湾湾区、长江经济带。(证券时报) 企业动态【破纪录!京东第二季度净收入2011亿元】8月17日,京东发布香港上市以来的首份财报,第二季度,京东实现净收入2011亿元人民币,同比增长33.8%,这一增速也创下公司近10个季度以来的新高,并首次实现单季净收入破2000亿元人民币,创造了中国零售及互联网单季收入的新纪录。归属于普通股股东的净利润为59亿元人民币(Non-GAAP)。京东在年度活跃购买用户数也首次突破4亿,达到4.174亿,同比去年增速达到30%,创下公司近11个季度以来的最高增速。 【大疆回应裁员传闻:建议让子弹飞一会儿】8月17日,据路透社报道,中国无人机巨头深圳大疆科技有限公司正寻求裁员约14000名员工。裁员从三月开始,削减了三分之二的行销和销售人员。对此,大疆公关总监谢阗表示:“8月15日路透社报道美国政府封杀阿里巴巴,几个小时后路透社宣布这是一条假新闻。考虑到大疆总共14000人,按路透社的说法这公司都没人了。我建议让子弹飞一会。” 【特斯拉回应上海拼多多团购车主成功提车】8月17日,针对上海一拼多多团购车主成功提到特斯拉model 3,而此前特斯拉已经拒绝给武汉车主交车的情况,特斯拉相关负责人回应,上海车主“全程都是拼多多的人用客户信息代为下单”。据悉,武汉被拒绝交付的准车主将起诉特斯拉。 安卓用户请稍候。【微信朋友圈不喜欢的评论可以删除了】近日,有网友反映微信新版本中,新增“朋友圈中可删除好友评论”功能。此前,用户是无法删除好友评论的,如果有不喜欢的评论,只能选择删除整条朋友圈。目前iOS用户更新至7.0.15版本微信即可体验,安卓用户如暂不可体验,可以稍等候。 【斗鱼和虎牙分别组建特别委员会,研究腾讯的合并议案】斗鱼和虎牙均成立特别委员会,研究腾讯的合并议案。斗鱼方面已聘请摩根士丹利亚洲为财务顾问,虎牙方面聘请花旗集团作为其独立财务顾问,双方董事会尚未就回应该提议作出决定。虎牙8月10日曾宣布,该公司董事会已收到腾讯控股有限公司于2020年8月10日发出的不具约束力的初步建议书,建议虎牙与斗鱼以换股的方式进行合并。 国际视野【王毅赴机场迎接驻休斯敦总领事馆全体馆员回国】8月17日晚,驻休斯敦总领事馆全体馆员乘包机抵达北京,外交部在首都机场举行简短庄重迎接仪式。国务委员兼外交部长王毅出席并讲话。王毅表示,我们坚信,要对话,不要对抗仍是两国的主流民意,我们坚信,中美关系历经风雨后还会浴火重生。迎接仪式上,外交部党委书记齐玉还代表部党委宣布授予驻休斯敦总领事馆集体三等功。(环球网) 持续施压!【美国将38家华为子公司列入实体清单,未对阿里巴巴采取行动】特朗普政府还在针对华为采取行动!据俄罗斯卫星通讯社最新消息,当地时间17日,美国国务卿蓬佩奥表示,美国商务部进一步收紧对华为获取美国技术的限制,同时将华为在全球21个国家的38家子公司列入“实体清单”。此外,美国商务部长罗斯称,美国忙着处理TikTok的事情,没有对阿里巴巴采取任何正式行动。(环球网) 【马斯克被爆有神秘计划:开采太空小行星的黄金】据报道,文克莱沃斯双胞胎兄弟最近在接受一个节目采访时表示,和购买黄金相比,购买比特币其实是一种更好的投资,因为马斯克有一个计划要开采太空中小行星上的黄金,届时供应量的增加将会导致黄金价格下跌。 【菲律宾失业率达到45.5%,创历史纪录】8月16日,菲律宾独立社会调查机构社会气象站发布的报告显示,菲律宾的失业率达到45.5%,创历史纪录。社会气象站称,到2020年7月,菲律宾大约有6000万劳动力,其中失业人数估计为2730万。在被调查者中,有50%的人是在新冠疫情期间失业的。
An interview with Mike from Non-Gaap (https://nongaap.substack.com/). We discuss the corporate dark arts, how insiders profited from good news at Kodak (KODK) and Vaxart (VXRT), and more.
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With reductions to revenue and disruptions to supply chains, companies started to feel the economic effects of COVID-19 at the end of the first quarter. How did this affect how they reported their quarterly results? We’re here to share some observations.In this episode, Heather Horn is joined by Wayne Carnell to discuss how companies addressed the impact of the virus, including the use of non-GAAP measures, in their reports. Topics include:0:34 - Overview. We begin by sharing the various ways companies disclosed the impact of COVID-19 in their most recent filings. 3:19 - Non-GAAP. Wayne highlights the rules regarding non-GAAP disclosures and why companies like them. He also discusses how companies approached communicating the impact of COVID-19.14:00 - MD&A and notes. How can companies provide investors with information about COVID-19 that would not be appropriate to include in the financial statements? Wayne explains. 22:53 - What’s next? As we look forward to the second quarter, Wayne discusses what companies should consider in identifying items related to COVID-19.Wayne Carnall is a former Chief Accountant of the Division of Corporation Finance at the U.S. Securities and Exchange Commission. Wayne has broad and extensive financial reporting and regulatory experience involving domestic and international companies in a wide range of industries. Having served in that role during the financial crisis, Wayne worked with other senior officials at the SEC and other agencies and organizations to address and resolve financial reporting matters of unprecedented complexity in a dynamic political environment. Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
In volume 1 of our Investing 101 series, Lead Analysts Matt and Austin discuss some common terms and things they think about when valuing stocks. Check out https://7investing.com/subscribe to start a premium membership for $17/month and receive our 7 very best stock market ideas every month. Find us on twitter @7investing During this episode we discuss: Why we don’t value stocks by the price of the stock Why we don’t look for stocks that are down a high percentage from their highs How to find and asses Price to Earnings (PE) Ratio (GAAP, Non-GAAP, Forward PE), When/Why you should use GAAP or Non-GAAP numbers Example of finding Walmart’s PE ratio Price to Sales Ratio (PS) definition and example finding Walmart’s PS ratio. Price to Book Ratio (PB) Discounted Cash Flow (DCF) and why Matt and I don’t use them much in our investing process. Definitions and examples in this episode Market Cap Price to Earnings Ratio (PE) (GAAP, Non-GAAP, Forward PE), When/Why you should use GAAP or Non-GAAP numbers Price to Sales Ratio (PS) Price to Book Ratio (PB) Discounted Cash Flow (DCF) Gross Margin Operating Margin Dollar-Based Net Expansion Rate (DBNER) --- Send in a voice message: https://anchor.fm/7investing/message
As investors, we depend on financial statements to understand how the businesses we own are performing. Therefore, we also depend on auditors to make sure those financial statements are accurate. Financial journalist Francine McKenna joins the show this week to discuss auditing and accounting issues including conflicts of interest between auditors and shareholders, the role of auditing in catching fraud, accounting issues at companies like Disney and Square, what we lose as non-Gaap accounting becomes more and more commonplace, how companies will decide to disclose coronavirus impacts on their business, and more. Stocks Mentioned: DIS, SQ, BB, NTON, BRK-B, BRK-A Check out more of our content here: TMF's podcast portal YouTube Twitter Join Our Motley Fool Podcast Facebook Group LinkedIn StockUp, The Motley Fool's weekly email newsletter
This edition of The quarter close provides timely accounting and reporting information that can help you prepare for your year-end reporting. Topics include:A summary of the FASB’s delay of effective dates for certain major accounting standardsReminders relating to adoption of the new credit losses standard and some areas of focus post adoptionAdditional insights about accounting for leases incentives, lease remeasurements, terminations and modifications, principal versus agent assessments under the revenue standard, standard setting and regulatory updates, and moreEpisode detailsAccounting hot topics0:47 - FASB delays effective dates for certain major standards2:48 - The new credit losses standard: adoption and moving ahead7:16 - Lessee accounting for lease incentives 11:51 - Lessee accounting for remeasurements, terminations, and modifications 14:38 - Principal versus agent assessments under the revenue standard18:37 - Share-based consideration payable to a customer 20:14 - The EITF addresses accounting for equity securities 22:22 - The latest on the FASB’s goodwill project SEC and regulatory update24:01 - Non-GAAP measures25:30 - Considerations for critical audit matters27:53 - PCAOB leadership changes28:25 - Digital taxes30:12 - Corporate governance insights32:48 - Wrap-up
【DannyData第1集】特斯拉上海工厂,有什么影响?原创: 小丹尼 当我们国人聊起特斯拉时,想象中的特斯拉是老司机开Model 3百公里加速3.4秒、Model S 2.6秒的风驰电掣,但实际我在北京看到的往往是堵在路上挪不动。或者是特斯拉老板Elon Musk偶尔来趟中国,和马云来场“火星人对话”。特斯拉在中国,其实是一个名声远远超过销量的公司,你用DannyData对比一下特斯拉在美国和中国的收入就知道了,这是特斯拉在美国和中国的收入对比:特斯拉在中国市场还有巨大能量没有释放,但是随着特斯拉的上海工厂Gigafactory量产,甚至我看到了知乎朋友Emma发的国产Model 3上海上路照片:特斯拉在中国可能重现Model 3在美国市场销量增长的奇迹。那么除了销量,上海造的特斯拉,还会有哪些影响呢?今天我就从三个方面来谈一谈。我是小丹尼,谈车说科技。 首先跟大家啰嗦一下我的视频最大特点,也是和其他视频的最大区别,在我这里使用的所有论据,包括数据或引用谁说的话,我都要找到论据最根源的出处,比如公司数据,我就要查到官方发布的财报原文,比如谁说的话,我就要找到原版视频出处等等。因为我不想使用二手甚至多手信息误导他人,当然这就需要我科学上网阅读大量外文资料,花费了我不少时间精力。我在论据内容上有洁癖,也是为了我分析的对象负责,而且我会清晰标明论据出处,方便想挑刺儿的二次验证。所有的这一切努力只为一个目的:随你反驳。 好了,说回今天视频的主题:上海造的特斯拉,会有什么影响? 先说第一个方面,降成本。 很多人关注的是特斯拉炫酷的一面,比如Elon Musk用自己公司SpaceX猎鹰重载火箭把自己的一辆特斯拉Roadster跑车送上了太空,但却不知道特斯拉是一个极其强调降成本的公司。 如果你持续关注特斯拉的财报,你会发现特斯拉会在财报中反复强调降成本这件事,而且优先级排的极高。 比如2013年,当时还是Model S刚量产时期,特斯拉就在2013年二季度致股东信里强调车毛利润率(automotive gross margin)要达到25%目标。这里给小白科普一下:所以为了提高毛利润率,要不增加收入,要不降成本。而在2013年的当年年底,特斯拉也确实完成了车毛利润率要达到25%目标,顺便说一句,特斯拉在财报里会把毛利润率分为三种:特斯拉说的车毛利润率要达到25%目标,其实指的是Non-GAAP车毛利润率,但实际情况是,特斯拉在2013年底,三种毛利润率都达到了25%的目标,我们可以从DannyData图里看到这三种毛利率的历年走向: 如果你想成为第一批使用DannyData分析工具的用户,帮你把车和科技公司看得更全面、更透明、更彻底,或者跟我聊一聊特斯拉,可以加我的微信,扫描屏幕上的二维码或添加微信号dannydata1。 而到了2019年三季度财报的开场白里,Musk除了先说一些场面话,上来又是反复强调控制成本。所以说在省钱这件事上,Musk是颇有心得的。 这里可能有人不同意了:“你说特斯拉降成本,也没见上海国产的特斯拉便宜啊?35.58万元起步,也没比进口特斯拉便宜多少啊?” 拜托你要注意一下交付日期为2020年一季度,你想一下,如果现在特斯拉把国产Model 3标了个比进口Model 3低很多的价格,特斯拉这几个月的进口Model 3还怎么卖?这就是奸商商家常用的锚定效应。这里举个例子科普一下什么是锚定效应,我想起小时候我妈买衣服说原价上千,非常有成就感的还价到两折买的,虽然我毫无情商的指出“原价都是卖衣服自己定的,想标上万都行”,其实这就是商家先锚定一个很高的价格,之后再让你砍价或搞个双十一大促销,这样就让你误以为捡到了大便宜,还很有成就感。 所以这就是特斯拉定价策略的问题了,把国产Model 3先定一个较高的起步价,一是尽量减少对进口版特斯拉的销量冲击;二是没有让国人觉得“国产的就是比进口的要差”这个印象,你不得不承认咱们国家还是有很多人有这种刻板印象;三是给未来降价留下充足的空间。 很多人都喜欢拿我们的高端电动车品牌蔚来和特斯拉作比较。看到这里,我想你也会跟我一样,认同知乎朋友张抗抗的一段话: 而随着特斯拉上海Gigafactory量产,会让特斯拉的成本继续下降。 Morgan Stanley分析师Adam Jonas就表示,考虑到中国上海工厂的劳动成本仅为美国加州工厂的十分之一左右以及其他方面的成本削减,特斯拉在中国的毛利润率可以达30%左右。与豪华车品牌保时捷在中国的利润率相当。 说起豪华车,你可能经常听到有人吐槽:同特斯拉车内饰科技感有余,但奢华感不足,其实也是降成本的另一体现。往好听了说就是:“特斯拉将成本利用发挥到极致。“无论你是否认可这句话,但不能否认的是,特斯拉在有限的成本下,确实设计出自己独特的风格,并且让很多科技发烧友愿意为之买单。 好了说完第一点,可能颠覆了你对特斯拉以往的炫酷印象,Musk不仅像钢铁侠,也像一个会省钱的小媳妇。 那我们接着聊第二个方面,未来产品整合。不知你有没有注意到,特斯拉的很多用户是属于增量消费者,什么是增量消费者?就是本来对这个品类毫无兴趣的消费者,也被特斯拉的产品吸引成为了消费者,用创投圈经常说的一个比喻就是“把蛋糕做大了”。 Model 3就不多说了,是很多美国中产家庭改善生活的换车首选。而特斯拉在11月21日发布的皮卡车型Cybertruck,让很多身边从来对皮卡车型不感兴趣的人,也有了购买欲望。要知道皮卡车型可是福特的天下,再配上一首美国乡村音乐,基本上是美国老大爷的标配,正如我国老大爷的片儿鞋、汗衫配老年代步车。我之前去美国住的Airbnb,房东大爷和打Uber的开车大爷,开的都是福特老皮卡。 要知道目前的皮卡车型销量,仍然占福特整体销量超过半壁江山,而且唯一有销量增长的也只剩皮卡了。所以你清楚特斯拉发布Cybertruck,最紧张的是谁了吧,我相信特斯拉将会很快改变皮卡天下的格局,咱们等着看。 这里顺便说一句,Musk在2019年初就将Cybertruck的设计与电影《银翼杀手》挂钩,激起了众多网友的创作欲,不得不说Musk是营销高手,别光看Musk说特斯拉不会花钱投放广告,说以后可能会打广告但也绝不会是现在的传统广告形式。 而事实上Musk各种托马斯全旋式的花样玩法,都是变相在为自己的产品打广告。 我多说几句,其实在我看来,大多数企业家并没有那么愿意在公开场合抛头露面,比如年少时期的Musk是个被霸凌的羞涩男孩,Paypal时期是个谢顶的geek程序员形象,都和现在的Musk形象大相径庭,只不过是为了自己事业,说更直白点就是为了增加销量的同时还能减少营销费用,改变些自己的性格在公开场合抛头露面,这都是小事儿了。只不过有些中国企业家玩得太极端,比如砸个杯子、夫妻互揭黑历史什么的,虽然可能也是为了“投入精力和效果产出比”考虑,但这确实不是什么值得称赞的。 好了再说回特斯拉,普通消费者会把特斯拉的产品理解为各种型号的车,比如Model SEXY, 但其实Musk的野心远不止如此。比如电池和动力总成,Musk在财报电话会里说特斯拉会在电池和动力总成等方面帮助其他车企:Musk用的单词是help,确实之前特斯拉公布专利是help,但未来一定会sell。 目前在国内,无论是锂电池包Pack装机量还是锂电装机量,宁德时代都是当之无愧的老大,占据半壁江山。特斯拉如果开始对外销售电池,谁会紧张呢?你又知道了吧。这绝对不是危言耸听,特斯拉向来在电池方面是投入大量资源的,比如特斯拉在2019年3月16日花2.35亿美元收购电池技术公司Maxwell:特斯拉在电池方面绝对是有很大野心的,而且目前仍然保持绝对领先地位,可以参考Matt的电动车电池效率排名: 不仅是电池,而且特斯拉Gigafactory工厂本身,其实也是产品。Musk在财报电话会里说会把上海Gigafactory做成一个模板,在世界其他地方复制,而且未来投入产出比会更高:比如2019年11月13日宣布Gigafactory 4落户德国柏林,那里距离波兰边境不远,那里的劳动力成本相对更低。 好了等特斯拉Gigafactory在上海扎下了根,什么ModelSEXY,什么锂电池、动力总成服务,什么太阳能发电产品,都可能会加速在中国落地,甚至卖好了还会有第二个Gigafactory落地中国,这也说不准。所以说,只把特斯拉当作卖车的,就 too simple sometimes naive了。 第三个方面,本地化服务 首先,我想起Musk在2018年q4财报电话会上提到特斯拉做的“超级傻”(super dumb)的一件事。Musk在中国的时候,特斯拉中国团队向他提建议:“您认为我们是不是应该在中国特斯拉服务中心备用一些中国制造的零部件?因为现在很多情况是,在中国制造零件,寄到美国新泽西仓库储存起来,又寄回中国服务中心使用”。可能很多大公司都做过这种超级傻的事情,但是像Musk这么耿直男孩在财报电话会里直接自黑的,确实不多见。 上海Gigafactory完全落地,涉及到中国本地资源的更多整合,我想Musk自黑的这种跨地球级别“超级傻”问题将很少出现,其实这也是中国政府布下的互惠互利大局,这个我在结尾说。 当然,我们说的本地化服务,肯定不仅仅是配个本地零部件那么简单。Musk曾有一个比喻很有意思:“未来没有自动驾驶的车,就像现在的马用处一样。” 我也坚信未来的车一定会完全自动驾驶,只是时间问题。要做好自动驾驶,除了硬件配备,还需要优秀的算法,而数据就像算法的“肥料”,而“肥料”中的“高能肥”当然就是本地化的数据。 Musk曾在2019年4月份的访谈里说:“特斯拉的自动驾驶Autopilot收集数据量,占路面上所有自动驾驶车辆收集数据量的99%以上。”他的算法是跑在路上的特斯拉超过50万辆,这些特斯拉无论是否在自动驾驶都在不断收集数据,而其他家竞争对手自动驾驶车辆不超过5000辆。我且不多评论Musk的算法是否合适,他说的当然不是完全apple to apple的比较方法,只是想强调一个概念:数据对于自动驾驶的重要性,而本地化数据更加重要。换句话说,如果特斯拉想要在中国这种复杂路况做好自动驾驶Autopilot,必须收集大量的本地复杂数据。 今天聊了这么多特斯拉,我还想多补充几句。我知道无论我怎么说特斯拉,哪怕只是列出客观数据事实,也总会有网友说我是为了找特斯拉恰饭、电动车吹等等。 其实我把这种现象分为两个层面。 第一个层面:不太涉及利益相关,比如只是爱看热闹起个哄的群众。对于这种朋友,无论是夸我也好,还是骂我也好,其实我现在都没有什么感觉,因为我知道,别人夸我或骂我,只是为了表达他们自己的价值取向,而我的内容并没有那么重要。这种态度是我从梁文道先生那里学到的。 第二个层面:涉及利益相关,比如是某些车企员工,或者是某个品牌的忠实粉丝或车主,就像我之前收到过不少蔚来车主的骚扰。 如果你把特斯拉当成自己的对手甚至敌人,可以看看我欣赏的《教父3》里Michael对侄子Vincent说的一句话: Never hate your enemies. It affects yourjudgment.你永远不要恨你的敌人,他会让你失去判断力。 或者学学海明威《老人与海》中的老人,对自己的对手大马林鱼的尊重。在我看来,特斯拉绝对是一个值得尊重的对手,而且他确实也让我国很多电动车企业受益了,有包括何小鹏在内的多家车企老板公开感谢过特斯拉当年开放电动车专利。 蒋方舟之前去台湾发现更美好的一面,在《我承认我不曾经历沧桑》这本书里去写道:台湾并不是我们的对比,而只是一种更好的可能性。 那这里我想改编一下:特斯拉并不是其他车企们的对比,而只是一种更好的可能性。 更进一步说,特斯拉真的只是我们的对手或敌人吗? 可能没那么简单,至少咱们政府的态度不是这样的,除了给特斯拉上海Gigafactory这块地地,还给钱、给政策,比如贷款85亿人民币给特斯拉,而且贷款利率低于90%的中国银行一年期的贷款利率,再比如特斯拉成为首家在华独资建厂外资车企,都表现出咱们政府对特斯拉的态度。 有人可能问了:为什么我们要对一个纯外国企业这么好呢? 小丹尼微信群友TTT发了驭电的一个观点,我觉得很有意思——开放特斯拉入华,国家的意图非常清晰:利用特斯拉,再造当年苹果产业链的辉煌。目前我们在手机行业的辉煌,华为小米OV产品能有这么高的质量,跟背后强大的产业链支撑是分不开的。 而且就在2019年10 月 22 日,工业和信息化部新闻发言人黄利斌表示:未来将进一步对外资开放汽车及相关领域。 所以特斯拉到底是我们的对手,还是我们的帮手,还是那句:我们不是生活在一个非黑即白的世界,成年人看的不只是对错,更是利弊。 好了,我是小丹尼,谈车说科技。重要的事再说一遍,如果你想成为第一批使用DannyData分析工具的用户,帮你把车和科技公司看得更全面、更透明、更彻底,或者想跟我聊一聊特斯拉,可以扫描屏幕上的二维码或添加微信号dannydata1,加我的微信。 回见。
【DannyData第1集】特斯拉上海工厂,有什么影响?原创: 小丹尼 当我们国人聊起特斯拉时,想象中的特斯拉是老司机开Model 3百公里加速3.4秒、Model S 2.6秒的风驰电掣,但实际我在北京看到的往往是堵在路上挪不动。或者是特斯拉老板Elon Musk偶尔来趟中国,和马云来场“火星人对话”。特斯拉在中国,其实是一个名声远远超过销量的公司,你用DannyData对比一下特斯拉在美国和中国的收入就知道了,这是特斯拉在美国和中国的收入对比:特斯拉在中国市场还有巨大能量没有释放,但是随着特斯拉的上海工厂Gigafactory量产,甚至我看到了知乎朋友Emma发的国产Model 3上海上路照片:特斯拉在中国可能重现Model 3在美国市场销量增长的奇迹。那么除了销量,上海造的特斯拉,还会有哪些影响呢?今天我就从三个方面来谈一谈。我是小丹尼,谈车说科技。首先跟大家啰嗦一下我的视频最大特点,也是和其他视频的最大区别,在我这里使用的所有论据,包括数据或引用谁说的话,我都要找到论据最根源的出处,比如公司数据,我就要查到官方发布的财报原文,比如谁说的话,我就要找到原版视频出处等等。因为我不想使用二手甚至多手信息误导他人,当然这就需要我科学上网阅读大量外文资料,花费了我不少时间精力。我在论据内容上有洁癖,也是为了我分析的对象负责,而且我会清晰标明论据出处,方便想挑刺儿的二次验证。所有的这一切努力只为一个目的:随你反驳。好了,说回今天视频的主题:上海造的特斯拉,会有什么影响?先说第一个方面,降成本。很多人关注的是特斯拉炫酷的一面,比如Elon Musk用自己公司SpaceX猎鹰重载火箭把自己的一辆特斯拉Roadster跑车送上了太空,但却不知道特斯拉是一个极其强调降成本的公司。如果你持续关注特斯拉的财报,你会发现特斯拉会在财报中反复强调降成本这件事,而且优先级排的极高。比如2013年,当时还是Model S刚量产时期,特斯拉就在2013年二季度致股东信里强调车毛利润率(automotive gross margin)要达到25%目标。这里给小白科普一下:所以为了提高毛利润率,要不增加收入,要不降成本。而在2013年的当年年底,特斯拉也确实完成了车毛利润率要达到25%目标,顺便说一句,特斯拉在财报里会把毛利润率分为三种:特斯拉说的车毛利润率要达到25%目标,其实指的是Non-GAAP车毛利润率,但实际情况是,特斯拉在2013年底,三种毛利润率都达到了25%的目标,我们可以从DannyData图里看到这三种毛利率的历年走向:如果你想成为第一批使用DannyData分析工具的用户,帮你把车和科技公司看得更全面、更透明、更彻底,或者跟我聊一聊特斯拉,可以加我的微信,扫描屏幕上的二维码或添加微信号dannydata1。而到了2019年三季度财报的开场白里,Musk除了先说一些场面话,上来又是反复强调控制成本。所以说在省钱这件事上,Musk是颇有心得的。这里可能有人不同意了:“你说特斯拉降成本,也没见上海国产的特斯拉便宜啊?35.58万元起步,也没比进口特斯拉便宜多少啊?”拜托你要注意一下交付日期为2020年一季度,你想一下,如果现在特斯拉把国产Model 3标了个比进口Model 3低很多的价格,特斯拉这几个月的进口Model 3还怎么卖?这就是奸商商家常用的锚定效应。这里举个例子科普一下什么是锚定效应,我想起小时候我妈买衣服说原价上千,非常有成就感的还价到两折买的,虽然我毫无情商的指出“原价都是卖衣服自己定的,想标上万都行”,其实这就是商家先锚定一个很高的价格,之后再让你砍价或搞个双十一大促销,这样就让你误以为捡到了大便宜,还很有成就感。所以这就是特斯拉定价策略的问题了,把国产Model 3先定一个较高的起步价,一是尽量减少对进口版特斯拉的销量冲击;二是没有让国人觉得“国产的就是比进口的要差”这个印象,你不得不承认咱们国家还是有很多人有这种刻板印象;三是给未来降价留下充足的空间。很多人都喜欢拿我们的高端电动车品牌蔚来和特斯拉作比较。看到这里,我想你也会跟我一样,认同知乎朋友张抗抗的一段话:而随着特斯拉上海Gigafactory量产,会让特斯拉的成本继续下降。Morgan Stanley分析师Adam Jonas就表示,考虑到中国上海工厂的劳动成本仅为美国加州工厂的十分之一左右以及其他方面的成本削减,特斯拉在中国的毛利润率可以达30%左右。与豪华车品牌保时捷在中国的利润率相当。说起豪华车,你可能经常听到有人吐槽:同特斯拉车内饰科技感有余,但奢华感不足,其实也是降成本的另一体现。往好听了说就是:“特斯拉将成本利用发挥到极致。“无论你是否认可这句话,但不能否认的是,特斯拉在有限的成本下,确实设计出自己独特的风格,并且让很多科技发烧友愿意为之买单。好了说完第一点,可能颠覆了你对特斯拉以往的炫酷印象,Musk不仅像钢铁侠,也像一个会省钱的小媳妇。那我们接着聊第二个方面,未来产品整合。不知你有没有注意到,特斯拉的很多用户是属于增量消费者,什么是增量消费者?就是本来对这个品类毫无兴趣的消费者,也被特斯拉的产品吸引成为了消费者,用创投圈经常说的一个比喻就是“把蛋糕做大了”。Model 3就不多说了,是很多美国中产家庭改善生活的换车首选。而特斯拉在11月21日发布的皮卡车型Cybertruck,让很多身边从来对皮卡车型不感兴趣的人,也有了购买欲望。要知道皮卡车型可是福特的天下,再配上一首美国乡村音乐,基本上是美国老大爷的标配,正如我国老大爷的片儿鞋、汗衫配老年代步车。我之前去美国住的Airbnb,房东大爷和打Uber的开车大爷,开的都是福特老皮卡。要知道目前的皮卡车型销量,仍然占福特整体销量超过半壁江山,而且唯一有销量增长的也只剩皮卡了。所以你清楚特斯拉发布Cybertruck,最紧张的是谁了吧,我相信特斯拉将会很快改变皮卡天下的格局,咱们等着看。这里顺便说一句,Musk在2019年初就将Cybertruck的设计与电影《银翼杀手》挂钩,激起了众多网友的创作欲,不得不说Musk是营销高手,别光看Musk说特斯拉不会花钱投放广告,说以后可能会打广告但也绝不会是现在的传统广告形式。而事实上Musk各种托马斯全旋式的花样玩法,都是变相在为自己的产品打广告。我多说几句,其实在我看来,大多数企业家并没有那么愿意在公开场合抛头露面,比如年少时期的Musk是个被霸凌的羞涩男孩,Paypal时期是个谢顶的geek程序员形象,都和现在的Musk形象大相径庭,只不过是为了自己事业,说更直白点就是为了增加销量的同时还能减少营销费用,改变些自己的性格在公开场合抛头露面,这都是小事儿了。只不过有些中国企业家玩得太极端,比如砸个杯子、夫妻互揭黑历史什么的,虽然可能也是为了“投入精力和效果产出比”考虑,但这确实不是什么值得称赞的。好了再说回特斯拉,普通消费者会把特斯拉的产品理解为各种型号的车,比如Model SEXY, 但其实Musk的野心远不止如此。比如电池和动力总成,Musk在财报电话会里说特斯拉会在电池和动力总成等方面帮助其他车企:Musk用的单词是help,确实之前特斯拉公布专利是help,但未来一定会sell。目前在国内,无论是锂电池包Pack装机量还是锂电装机量,宁德时代都是当之无愧的老大,占据半壁江山。特斯拉如果开始对外销售电池,谁会紧张呢?你又知道了吧。这绝对不是危言耸听,特斯拉向来在电池方面是投入大量资源的,比如特斯拉在2019年3月16日花2.35亿美元收购电池技术公司Maxwell:特斯拉在电池方面绝对是有很大野心的,而且目前仍然保持绝对领先地位,可以参考Matt的电动车电池效率排名:不仅是电池,而且特斯拉Gigafactory工厂本身,其实也是产品。Musk在财报电话会里说会把上海Gigafactory做成一个模板,在世界其他地方复制,而且未来投入产出比会更高:比如2019年11月13日宣布Gigafactory 4落户德国柏林,那里距离波兰边境不远,那里的劳动力成本相对更低。好了等特斯拉Gigafactory在上海扎下了根,什么ModelSEXY,什么锂电池、动力总成服务,什么太阳能发电产品,都可能会加速在中国落地,甚至卖好了还会有第二个Gigafactory落地中国,这也说不准。所以说,只把特斯拉当作卖车的,就 too simple sometimes naive了。第三个方面,本地化服务首先,我想起Musk在2018年q4财报电话会上提到特斯拉做的“超级傻”(super dumb)的一件事。Musk在中国的时候,特斯拉中国团队向他提建议:“您认为我们是不是应该在中国特斯拉服务中心备用一些中国制造的零部件?因为现在很多情况是,在中国制造零件,寄到美国新泽西仓库储存起来,又寄回中国服务中心使用”。可能很多大公司都做过这种超级傻的事情,但是像Musk这么耿直男孩在财报电话会里直接自黑的,确实不多见。上海Gigafactory完全落地,涉及到中国本地资源的更多整合,我想Musk自黑的这种跨地球级别“超级傻”问题将很少出现,其实这也是中国政府布下的互惠互利大局,这个我在结尾说。当然,我们说的本地化服务,肯定不仅仅是配个本地零部件那么简单。Musk曾有一个比喻很有意思:“未来没有自动驾驶的车,就像现在的马用处一样。” 我也坚信未来的车一定会完全自动驾驶,只是时间问题。要做好自动驾驶,除了硬件配备,还需要优秀的算法,而数据就像算法的“肥料”,而“肥料”中的“高能肥”当然就是本地化的数据。Musk曾在2019年4月份的访谈里说:“特斯拉的自动驾驶Autopilot收集数据量,占路面上所有自动驾驶车辆收集数据量的99%以上。”他的算法是跑在路上的特斯拉超过50万辆,这些特斯拉无论是否在自动驾驶都在不断收集数据,而其他家竞争对手自动驾驶车辆不超过5000辆。我且不多评论Musk的算法是否合适,他说的当然不是完全apple to apple的比较方法,只是想强调一个概念:数据对于自动驾驶的重要性,而本地化数据更加重要。换句话说,如果特斯拉想要在中国这种复杂路况做好自动驾驶Autopilot,必须收集大量的本地复杂数据。今天聊了这么多特斯拉,我还想多补充几句。我知道无论我怎么说特斯拉,哪怕只是列出客观数据事实,也总会有网友说我是为了找特斯拉恰饭、电动车吹等等。其实我把这种现象分为两个层面。第一个层面:不太涉及利益相关,比如只是爱看热闹起个哄的群众。对于这种朋友,无论是夸我也好,还是骂我也好,其实我现在都没有什么感觉,因为我知道,别人夸我或骂我,只是为了表达他们自己的价值取向,而我的内容并没有那么重要。这种态度是我从梁文道先生那里学到的。第二个层面:涉及利益相关,比如是某些车企员工,或者是某个品牌的忠实粉丝或车主,就像我之前收到过不少蔚来车主的骚扰。如果你把特斯拉当成自己的对手甚至敌人,可以看看我欣赏的《教父3》里Michael对侄子Vincent说的一句话:Never hate your enemies. It affects yourjudgment.你永远不要恨你的敌人,他会让你失去判断力。或者学学海明威《老人与海》中的老人,对自己的对手大马林鱼的尊重。在我看来,特斯拉绝对是一个值得尊重的对手,而且他确实也让我国很多电动车企业受益了,有包括何小鹏在内的多家车企老板公开感谢过特斯拉当年开放电动车专利。蒋方舟之前去台湾发现更美好的一面,在《我承认我不曾经历沧桑》这本书里去写道:台湾并不是我们的对比,而只是一种更好的可能性。那这里我想改编一下:特斯拉并不是其他车企们的对比,而只是一种更好的可能性。更进一步说,特斯拉真的只是我们的对手或敌人吗?可能没那么简单,至少咱们政府的态度不是这样的,除了给特斯拉上海Gigafactory这块地地,还给钱、给政策,比如贷款85亿人民币给特斯拉,而且贷款利率低于90%的中国银行一年期的贷款利率,再比如特斯拉成为首家在华独资建厂外资车企,都表现出咱们政府对特斯拉的态度。有人可能问了:为什么我们要对一个纯外国企业这么好呢?小丹尼微信群友TTT发了驭电的一个观点,我觉得很有意思——开放特斯拉入华,国家的意图非常清晰:利用特斯拉,再造当年苹果产业链的辉煌。目前我们在手机行业的辉煌,华为小米OV产品能有这么高的质量,跟背后强大的产业链支撑是分不开的。而且就在2019年10 月 22 日,工业和信息化部新闻发言人黄利斌表示:未来将进一步对外资开放汽车及相关领域。所以特斯拉到底是我们的对手,还是我们的帮手,还是那句:我们不是生活在一个非黑即白的世界,成年人看的不只是对错,更是利弊。好了,我是小丹尼,谈车说科技。重要的事再说一遍,如果你想成为第一批使用DannyData分析工具的用户,帮你把车和科技公司看得更全面、更透明、更彻底,或者想跟我聊一聊特斯拉,可以扫描屏幕上的二维码或添加微信号dannydata1,加我的微信。回见。
Ron Gross joins us to tackle many of your numbers-based investing questions around stock valuation, earnings reports, EBITDA and more. Download the FREE guide, “Seven Key Strategies to Grow your Profits” today at NetSuite.com/fool
This edition of The quarter close provides timely accounting and reporting information that can help you prepare for this quarter’s reporting. Topics include:Key insights into the new credit losses standard, codification improvements, and the application of CECL to leasingThe latest regulatory updates, including modernization and simplification under the SEC’s FAST ActA summary of guidance that is effective now or with an effective date that is just around the cornerAdditional insights about acquisition accounting for leases, customer contract modifications under the new revenue standard, and moreEpisode detailsFront and center1:00 - Next up: The new credit losses standard3:07 - Credit losses codification improvements4:43 - Application of CECL to leasing Accounting hot topics6:48 - Cash flow presentation for operating leases 9:00 - Acquisition accounting for leases when the target is the lessee 14:08 - Contract modifications under the new revenue standard 17:35 - Awaiting the finalization of proposed tax regulations related to tax reform 18:49 - Estimating fair value and identifying orderly transactions 20:16 - Freddie Mac single security exchange SEC and regulatory update22:41 - SEC FAST Act modernization and simplification 25:55 - Critical audit matter reporting 28:28 - Reminder to check filer status 30:59 - Non-GAAP financial measures 32:04 - SAB 74 disclosures AppendixFASB guidance effective dates33:11 - Calendar year-end PBEs 33:23 - Calendar year-end non-PBEs
Our Position:I had my eye on Anaplan (PLAN) before it IPO’d (became a public company) but chose not to invest because I was concerned with sales and marketing spend and wondered if the company would be able to grow.So far, they have executed well, proven there is demand for their product, and the stock had increased around 80% since it IPO’d in October before I opened a position. Common investing “wisdom” would caution people from investing after a stock had increased that much in such a short period of time, but I love to see signs of strength from companies and believe this is an indication of more to come from Anaplan.Shares Owned: 519Average Purchase Price: $44.67 (opened initial position May 30, 2019)Total Purchase Price: $23,200Current Share Price: $47.50Current Value: $24,700Unrealized Gain: +6.3%Position Size in Portfolio: 5.28% (small)First Quarter 2020 ResultsTotal revenue: $75.8 million, up 47% year-over-year. Subscription revenue: $65.1 million, up 45% year-over-year. Billings $87.1 million, up 57% year-over-yearDollar-based Net Expansion Rate 123%Customers with Annual Recurring Revenue (ARR) >$250K = 279GAAP operating loss: $37.1 million or 48.9% of total revenue, compared to $25.3 million in the first quarter of fiscal 2019 or 49.1% of total revenue. Non-GAAP operating loss: $20.1 million, or 26.5% of total revenue, compared to $23.3 million in the first quarter of fiscal 2019, or 45.2% of total revenue.GAAP loss per share: $0.30, compared to $1.21 in the first quarter of fiscal 2019. Non-GAAP loss per share was $0.16, compared to $0.25 in the first quarter of fiscal 2019.Cash and Cash Equivalents: $332.7 million as of April 30, 2019.Key Slides/GraphsSubscription revenue is continuing to grow steadily. We should see increased growth in Q2 and Q4 if last years’ trends continueI’ll keep an eye on this number. If we see growth of customers spending >$250k ARR begin to slow, it will be a red flag for future growth potential.I expect margins to stay relatively flat with potential increases as the company and their products become more well-known/established.Billings growth longs very strong.Updated Full-Year 2020 GuidanceI generally don’t pay too much attention to guidance. The companies I am invested in usually provide very conservative guidance that they’ll easily beat. However, I DO pay attention when companies warn about guidance, lower guidance, or raise guidance.Anaplan raised it’s guidance for full-year 2020:Total revenue is now expected to be between $326 and $331 million (was between $310 and $314 million).Non-GAAP operating margin is now expected to be between negative 22.5% and 23.5% (was between negative 26% and 27%).Recent HighlightsI don’t pay too much attention to these. Of course companies are going to highlight recent successes, but results are far more important than self-selected business highlights. I learned this lesson with a company called Nutanix that I was previously invested in. Management boasted about all kinds of highlights, they were/are a leader in Gartner’s Magic Quadrant, but the results we relatively week and confusing for multiple quarters. The stock has suffered tremendously over the last year +. There is at least one important benefit from being identified as a leader according to Gartner. It makes it easier for customers to legitimize using a “new” solution like Anaplan because of the recognition of Gartner’s name/ratings.Anaplan Positioned as a Leader in 2019 Gartner Magic Quadrant for Sales and Operations Planning Systems of Differentiation.MUFG Investor Services announces their choice to use Anaplan for clients’ real-time planning processes.Anaplan announces CPX 2019 in San Francisco, expected to welcome over 2000 attendees from around the world June 10-12.To be continuedThat’s all for today. I’ll get to management’s prepared remarks and the Q&A portion of the conference call in our next email/podcast.If you want to support the newsletter, please like (hit the heart above it helps people find us!), share with friends, or change to a $5/month or $50/year “subscription” which includes the exact same content you are currently reading for free.LinksAnaplan First Quarter 2020 Earnings Press ReleaseAnaplan First Quarter 2020 Conference Call and PresentationAnaplan First Quarter 2020 Earnings Call Transcript - The Motley Fool Get full access to Founder Stock Investing at austin.substack.com/subscribe
Hey everyone, There will surely be a lot of headlines in the news today, many will probably negative because that’s what gets clicks but most of the headlines don’t matter.We’re focused on one story today: Zscaler’s Third Quarter 2019 Earnings. Zscaler (ZS) reported earnings on May 30th and they were pretty good. Today we’re going to focus on the prepared remarks to keep this under five minutes, tomorrow I’ll cover Q&A.Our positionNumber of shares: 439Average purchase price: $51.85Cost basis: $22,800Position size: 7.43% (medium)Current share price: $68.31Current value: $30,100Unrealized gain: $7,310 | +32%ResultsRevenue grows 61% year-over-year to $79.1 million Calculated billings grow 55% year-over-year to $84.7 million Deferred revenue grows 69%year-over-year to $211.5 million GAAP net loss of $12.2 million compared to GAAP net loss of $8.8 million on a year-over-year basis Non-GAAP net income of $7.4 million compared to non-GAAP net loss of $2.6 million on a year-over-year basisPrepared RemarksCustomer Story from Jay Chaudhry -- President, Chief Executive Officer and Chairman of the BoardLet me highlight several new customer deals in the quarter. I will start with a deal that shows how large enterprises are buying the ZIA and ZPA platform. One of the world's largest pharmaceutical companies with its headquarters in Europe purchased our transformation bundle for 100,000 users aims the ZPA for over 17,000 users. Moving from a decentralized IT business units to a centralized IT model. This customer had a strategy to transform to the cloud, for their network and for their applications. To achieve this, the IT team identified two initiatives, one increase use of cloud including a move to Office365, Zoom and AWS.And number two network and security transformation. They adopted a strategy to create secure local Internet breakouts for 200 offices around the globe. Our cloud security platform allowed them to realize the vision, a perimeter less enterprise with direct access to any service or application from anywhere, on any device without back hauling traffic through regional hubs. The results reduced business risk, faster user experience and significant cost savings. They will no longer need either a site to site VPN to AWS, or remote access VPN. ZPA also enables the customer to rapidly integrate mergers and manage divestitures, while increasing the level of security with a zero trust network access approach.Comments on the competitive landscape As organizations increasingly make the shift to the cloud, traditional firewall and VPN vendors are finally acknowledging that the legacy security appliances can secure the new digital enterprise and are attempting to build a security cloud using single tenant software designed for on-premise appliances just like you can't create a Netflix service by stacking thousands of DVD players in the cloud. You can't offer an inline high performance security cloud by spinning up a bunch of virtual machines in a public cloud. This is a defensive strategy of cloud imitators, which in our view serves the self-preservation of the vendor not the needs of the customers.We believe, we have a significant competitive advantage as a result of the technology, architecture and maturity of cloud security platform including one, we were born in the cloud, for the cloud just like Salesforce and Workday. Two, we have a purpose built globally distributed multi-tenant cloud for fast user experience, unlike imitation cloud, Zscaler requires no back hauling from front doors to a central compute data center of a public cloud. Three, we perform SSL inspection at scale as a purpose built proxy for better security. Four, we deliver zero trust network access that provides application access without network access reducing business risk unlike firewalls and VPN's.And lastly we have over 10 years of experience running a mission critical inline cloud for Global 2000 customers, processing 65 billion transactions a day. As someone said, it is really no compression algorithm for experience. We continue to innovate and invest in maintaining our significant technology lead. Our latest fourth generation large data centers provide multiple 100 gigabits per second links. We continue our strategy of targeted tuck-in acquisitions. Our previously announced trust path acquisition is already well integrated into the Zscaler platform and their machine learning and AI technology is helping us deliver better threat detection.LinksThank you so much for your time and attention. I love providing this information but as investors, the best way to learn is to dig into these reports on your own and come to your own conclusions. Here are all the links below. I’ll generally review the release, then listen to the earnings call (this is important because we can gather so much from tone and communication styles), then read the transcript and take notes.Zscaler Third Quarter 2019 Earnings ReportZscaler Third Quarter 2019 Earnings Call (replay)Zscaler Third Quarter 2019 Earnings Call Transcript (Motley Fool)Thank youThat’s all for today. As always, thank you for your time and attention. I would love your feedback so I can continually improve this newsletter.Also, if you want to support the newsletter, please like (hit the heart above it helps people find us!), share with friends, or change to a $5/month or $50/year “subscription” which includes the exact same content you are currently reading for free. Get full access to Founder Stock Investing at austin.substack.com/subscribe
Growing numbers of U.S. public companies are tying executive pay to “adjusted” earnings figures that often overstate performance as measured by generally accepted accounting principles (GAAP), the standard for financial statements filed with the SEC. Robert Pozen, senior lecturer at the MIT Sloan School of Management, discusses CII's April 29 petition LINK to the SEC asking the agency to require public companies to reconcile any “adjusted” earnings measures they use to GAAP figures in the proxy statement's Compensation Discussion & Analysis section, and to explain their rationale for using adjusted measures in setting executive pay.
Are you using non-GAAP financial measures? Need an update on the SEC’s rules and interpretative guidance around reporting this information? Then listen to this week’s episode. Diane Howell, a partner in PwC’s national office, joins Heather Horn to discuss 5 things companies should know about non-GAAP measures, including:0:53 - A helpful refresher on the definition of a non-GAAP measure and common examples1:47 - The drivers behind why companies report non-GAAP measures and why they believe the measure is useful4:51 - An overview of the SEC’s rules and interpretative guidance around the use of non-GAAP measures9:20 - Insights into how the SEC reviews non-GAAP information included in SEC filings, including how they view prominence, reconciliations, and individually tailored measures. Diane also discusses recent related comment letters and enforcement cases.15:51 - Best practices for reporting high quality non-GAAP measures
If you don't know Francine McKenna then you should. I first fell across Francine many moons ago when she was putting out re: the auditors, an in-depth look at the audit profession and how it fails investors. Today, Francine has a regular beat on Marketwatch that again talks of the issues behind corporate reporting. In today's call we discussed the problems around non-GAAP reporting and how it is out of control yet no-one wants to address the fundamental issue of companies reporting whatever the heck they like ahead of filing the 10-K. There's a timebomb ticking here folks. During our call she talked about a small number of companies that file and report at the same time. One of which is Amazon. That company doesn't always get the love it earns but it is doing the right thing. There will be a written version of this story in the next day that includes links to her latest story about the GAAP and non-GAAP issue. Enjoy.
A few weeks ago, VMware reported solid fourth quarter earnings of $441 million, or $1.04 a share, on revenue of $2.03 billion, up 9 percent from a year ago. Non-GAAP earnings were $1.43 a share. CEO Pat Gelsinger said VMware's fourth quarter was "one of the most balanced quarters for VMware in years." One of the key contributors to VMware's success this quarter was VMware's flagship SDS solution vSAN. This week we were fortunate enough to have Senior VP and GM of the Storage and Availability Business Unit Yanbing Li on to discuss Q4 results and her thoughts on what to expect in FY 2018. Yanbing Li is the SVP/GM for the Storage and Availability Business Unit aka SABU, covering a rich portfolio of products, including software defined storage (Virtual SAN), hyper-converged infrastructure, vSphere storage, storage management, data protection and disaster recovery. She is responsible for product development, engineering, and go to market. In addition to being Business Insider’s No. 7 on the top 23 most powerful women engineers in the world she is also a proud mom of 3. Show Related Links 7000 vSAN customers and counting VMware reports strong Q4 earnings VMware on Mad Money The Virtually Speaking Podcast The Virtually Speaking Podcast is a weekly technical podcast dedicated to discussing VMware topics related to storage and availability. Each week Pete Flecha and John Nicholson bring in various subject matter experts from VMware and within the industry to discuss their respective areas of expertise. If you’re new to the Virtually Speaking Podcast check out all episodes on vSpeakingPodcast.com.
Q3 EARNINGS RELEASE Barrett Business Services, Inc. ("BBSI" or the "Company") (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the third quarter ended September 30, 2015. Third Quarter 2015 Financial Summary vs. Year-Ago Quarter - Net revenues up 14% to $199.3 million- Non-GAAP gross revenues up 17% to $1.1 billion- Net income of $11.6 million compared to a net loss of $37.8 million- Diluted earnings per share of $1.57 compared to a loss of $5.27 per diluted share Read the full press release here Read the full call transcript here ABOUT BBSI BBSI (NASDAQ: BBSI) is a leading provider of business management solutions, combining human resource outsourcing and professional management consulting to create a unique operational platform that differentiates it from competitors. The Company's integrated platform is built upon expertise in payroll processing, employee benefits, workers' compensation coverage, risk management and workplace safety programs, and human resource administration. BBSI's partnerships help businesses of all sizes improve the efficiency of their operations. The Company works with more than 3,000 clients across all lines of business in 23 states. For more information, please visit www.barrettbusiness.com.