Iluka 2023 Earnings

Posted on | by Leon Hinde | Leave a Comment on Iluka 2023 Earnings

Iluka Resources reported 2023 underlying EBITDA of $609mn & NPAT of $343mn, a strong beat vs consensus.

An update was provided on the mineral sands market, major projects including the rare earth refinery, and 2024 guidance. The zircon market is showing signs of further improvement, with ILU’s contracted zircon sand sales in 1Q24 now up nearly 100% to ~45kt.

Nvidia Q4 FY24 results

Posted on | by Leon Hinde | Leave a Comment on Nvidia Q4 FY24 results

Investors will closely watch the results of artificial intelligence darling Nvidia, which is due to report on Wednesday.

Data center related product revenues make up 80.1% of the overall revenue mix. NVIDIA is trading at near-peak market capitalization levels at $1.8 trillion. However, its 1-yr fwd PE levels are near 5-yr trough levels at 36.8x.

NVIDIA’s has 2 key product segments: Graphics; which primarily relates to graphics processing units (GPU)s used in gaming, and PCs Compute & Networking; which includes chips used for high performance computing in data center, networking, automotive, robotics and also special-purpose cryptocurrency mining uses.

The key growth driver for the company right now is in the Compute & Networking segment, which has seen an explosion in growth:

US Earnings

Posted on | by Leon Hinde | Leave a Comment on US Earnings

Tuesday, February 20 – Walmart, Home Depot, Caesars Entertainment, Palo Alto Networks, and Medtronic.

Wednesday, February 21 – Analog Devices, Nvidia, Etsy, Rio Tinto, Marathon Oil, Rivian Automotive, and Lucid Group.

Thursday, February 22 – PG&E, Dominion Energy, Moderna, Intuit, Booking Holdings, Wayfair, and Carvana.

Friday, February 23 – Warner Bros. Discovery, Bloomin’ Brands, and Ameren. 

Atlassian

Posted on | by Leon Hinde | Leave a Comment on Atlassian

TEAM:NAS is under Algo Engine buy conditions.

First Quarter Fiscal Year 2024 Financial Highlights:
On a GAAP basis, Atlassian reported:

  • Revenue: Total revenue was $977.8 million for the first quarter of fiscal year 2024, up 21% from $807.4 million
    for the first quarter of fiscal year 2023.
  • Operating Loss and Operating Margin: Operating loss was $18.9 million for the first quarter of fiscal year
    2024, compared with operating loss of $34.0 million for the first quarter of fiscal year 2023. Operating
    margin was (2)% for the first quarter of fiscal year 2024, compared with (4)% for the first quarter of fiscal year
    2023.
  • Net Loss and Net Loss Per Diluted Share: Net loss was $31.9 million for the first quarter of fiscal year 2024,
    compared with net loss of $13.7 million for the first quarter of fiscal year 2023. Net loss per diluted share
    was $0.12 for the first quarter of fiscal year 2024, compared with net loss per diluted share of $0.05 for the first
    quarter of fiscal year 2023.
  • Balance Sheet: Cash and cash equivalents plus marketable securities at the end of the first quarter of fiscal
    year 2024 totaled $2.2 billion.

Financial Targets:
Atlassian is providing the following financial targets that do not include any impact from the Loom acquisition, which is
expected to close in the third quarter of its fiscal year 2024, subject to customary closing conditions and required
regulatory approval:
Second Quarter Fiscal Year 2024:

  • Total revenue is expected to be in the range of $1,010 million to $1,030 million.
  • Cloud revenue growth year-over-year is expected to be in the range of 25.5% to 27.5%.
  • Data Center revenue growth year-over-year is expected to be approximately 33%.
  • Gross margin is expected to be approximately 81.0% on a GAAP basis and approximately 83.5% on a nonGAAP basis.
  • Operating margin is expected to be approximately (7.5%) on a GAAP basis and approximately 21.0% on a nonGAAP basis.
    2
    Fiscal Year 2024:
  • Cloud revenue growth year-over-year is expected to be in the range of 25% to 30%.
  • Data Center revenue growth year-over-year is expected to be approximately 31%.
  • Gross margin is expected to be approximately 81.0% on a GAAP basis and approximately 83.5% on a nonGAAP basis.
  • Operating marg