MongoDB

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

NAS: MDB is a buy with a suggested stop loss below $360.

Third Quarter Fiscal 2024 Financial Highlights

  • Revenue: Total revenue was $432.9 million for the third quarter of fiscal 2024, an increase of 30% year-over-year. Subscription revenue was $418.3 million, an increase of 30% year-over-year, and services revenue was $14.6 million, an increase of 13% year-over-year.
  • Gross Profit: Gross profit was $325.9 million for the third quarter of fiscal 2024, representing a 75% gross margin compared to 72% in the year-ago period. Non-GAAP gross profit was $335.3 million, representing a 77% non-GAAP gross margin, compared to a non-GAAP gross margin of 74% in the year-ago period.
  • Loss from Operations: Loss from operations was $45.2 million for the third quarter of fiscal 2024, compared to a loss from operations of $82.9 million in the year-ago period. Non-GAAP income from operations was $78.5 million, compared to a non-GAAP income from operations of $19.8 million in the year-ago period.
  • Net Loss: Net loss was $29.3 million, or $0.41 per share, based on 71.6 million weighted-average shares outstanding, for the third quarter of fiscal 2024. This compares to a net loss of $84.8 million, or $1.23 per share, in the year-ago period. Non-GAAP net income was $79.1 million, or $0.96 per share, based on 82.7 million diluted weighted-average shares outstanding. This compares to a non-GAAP net income of $18.7 million, or $0.23 per share, in the year-ago period.
  • Cash Flow: As of October 31, 2023, MongoDB had $1.9 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended October 31, 2023, MongoDB generated $38.4 million of cash from operations, used $2.1 million of cash in capital expenditures and used $1.4 million of cash in principal repayments of finance leases, leading to free cash flow of $35.0 million, compared to negative free cash flow of $8.4 million in the year-ago period.

Karoon Energy

Posted on | by Leon Hinde | Leave a Comment on Karoon Energy

Karoon Energy is a new entry in the ASX 200 Trade Table

Who Dat acquisition enables Karoon’s entry to US Gulf of Mexico (US GoM) & provides asset diversification. We factor in KAR’s acquisition at $720m equity raising (US$300m) and debt drawdown (US$274m). The acquisition now presents an opportunity for investors.

The Who Dat oil and gas field is located in Mississippi Canyon (MC) blocks 503 / 504 / 547 in
the Gulf of Mexico (GOM) in water depths of 945m. Who Dat was discovered in late 2007,
and has been in production since 2011. Who Dat is made up of numerous stacked reservoirs
of Pliocene & Miocene age. Producing reservoirs are located at depths of 10,000ft-17,000ft.
Oil is sold into the Mars pipeline (operated by Shell), while gas is sold into the Canyon Chief
pipeline (operated by Williams).

Rapid 7

Posted on | by Leon Hinde | Leave a Comment on Rapid 7

RPD:NAS announces First Quarter 2023 Financial Results

  • Annualized recurring revenue (“ARR”) of $728 million, an increase of 16% year-over-year
  • Total revenue of $183 million, up 16% year-over-year; Products revenue of $174 million, up 17% year-over-year
  • GAAP operating loss of $24 million; Non-GAAP operating income of $11 million
  • Surpassed 11,000 customers globally while growing total ARR per customer by 9% year-over-year

Paypal

Posted on | by Leon Hinde

PYPL:NAS has been consolidating between $71 & $76 for the past 8 weeks. The stock offers value and may break to the upside of the channel.

Q1 payment growth of 10% to US$354.5bn, Q1 adjusted EPS of $1.17 vs. $1.10 expected, expects Q2 revenue growth of about 6.5% to 7.0%, raised full-year guidance. PayPal had an excellent start to  2023, delivered a stronger-than-expected performance in the first quarter, and increased full-year EPS guidance.

    Skyworks

    Posted on | by Leon Hinde | Leave a Comment on Skyworks
    Skyworks has recently shifted to Algo Engine buy conditions. Second quarter 2023 earnings will be released on 8 May.

    Skyworks Q1 FY23 Results

    • Delivers Revenue of $1.329 Billion
    • Posts GAAP Diluted EPS of $1.93 and Non-GAAP Diluted EPS of $2.59
    • Generates Record Quarterly Operating Cash Flow of $773.4 Million
    • Returns $265.6 Million to Stockholders Through Dividends and Share Repurchases

    Micron

    Posted on | by Leon Hinde

    MU is under Algo Engine buy conditions and is a new holding in our US Technology Disruptors portfolio.

    Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2022

    Record revenue year in mobile, auto, industrial, and networking markets

    BOISE, Idaho, Sept. 29, 2022 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) today announced results for its fourth quarter and full year of fiscal 2022, which ended September 1, 2022.

    Fiscal Q4 2022 highlights

    • Revenue of $6.64 billion versus $8.64 billion for the prior quarter and $8.27 billion for the same period last year
    • GAAP net income of $1.49 billion, or $1.35 per diluted share
    • Non-GAAP net income of $1.62 billion, or $1.45 per diluted share
    • Operating cash flow of $3.78 billion versus $3.84 billion for the prior quarter and $3.88 billion for the same period last year

    Fiscal 2022 highlights

    • Revenue of $30.76 billion versus $27.71 billion for the prior year
    • GAAP net income of $8.69 billion, or $7.75 per diluted share
    • Non-GAAP net income of $9.48 billion, or $8.35 per diluted share
    • Operating cash flow of $15.18 billion versus $12.47 billion for the prior year

    “In fiscal 2022, Micron generated record revenue of $30.8 billion and delivered our sixth consecutive year of positive free cash flow, allowing us to return a record $2.9 billion to our shareholders,” said Micron Technology President and CEO Sanjay Mehrotra. “Our technology and manufacturing leadership in both DRAM and NAND, deep customer relationships, diverse product portfolio, and strong balance sheet put Micron on solid footing to navigate the weakened near-term supply-demand environment. We are taking decisive steps to reduce our supply growth including a nearly 50% wafer fab equipment capex cut versus last year, and we expect to emerge from this downcycle well positioned to capitalize on the long-term demand for memory and storage.”