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Etsy Inc delivered a mixed set of results during the quarter and managed to surpass the revenue expectations of analysts but its profitability was below par. The company’s management claims that its overall reach and consumer demand have increased and the services offered by the company are differentiated. Despite starting with a small group of consumers with similar requirements, the company has successfully proved a useful option for many. Etsy is looking to progress by expanding its services
Companies: ETSY (ETSY:NYSE)Etsy, Inc. (ETSY:NAS)
Baptista Research
Etsy reported a strong set of results that were beyond market expectations with a strong adjusted EBITDA margin and growth in revenue. The management added an interesting set of new features including videos to the search results and an innovative image search feature to help shoppers in locating similar products on the website, beginning with iOS users. It can now bring highly differentiated information to the buyers directly on the search page. Also, it had some early incorporation of buyer in
Etsy recently launched the Etsy Purchase Protection program where buyers will get a total refund for purchases they make on Etsy.com in cases that do not match the item description, never arrive, or arrive damaged. Etsy is focused on generating more opportunities and value for the sellers while creating a trusted shopping experience that brings more buyers into the marketplace and investing in vital areas for scaling seller support. The company is planning to invest a minimum of $25 million each
Etsy ended 2021 on a positive note with new highs in GMS, revenue, and profitability. The company benefitted heavily from the holiday season when many retailers were experiencing supply chain congestion. It has seen a rise in its customer base as a result of Covid-19 tailwinds which brought millions of people to Etsy for the first time. The company’s platform has shown a good level of stickiness in the sense that shoppers have been returning for more purchases. With factors like app icon badging
Companies: Etsy, Inc. (ETSY:NAS)Etsy, Inc. (0IIW:LON)
Etsy had a strong fourth quarter, capping off a strong 2021 with new highs in GMS, revenue, and profitability. During the holiday season, when many retailers were experiencing supply chain congestion, Etsy sellers were able to bring the benefits of shopping small to a larger audience. While the pandemic brought millions of people to Etsy for the first time, the company’s platform has shown a good level of stickiness in the sense that shoppers have been returning for more purchases. With factors
Etsy’s stock has taken a beating as a result of various factors such as the omicron variant, soaring inflation, and the high possibility of interest rate hikes. While the company delivered a very strong third quarter, the broader concern about Etsy is with respect to the pandemic-induced surge in demand for its unique goods waning in 2022. The good part about the company is that majority of the customers who discovered or returned to Etsy during the pandemic have stayed with it, performing even
This is our first report on Etsy Inc., one of the leading global online marketplaces for handmade and vintage goods. The company has had a phenomenal growth trajectory over the past few months despite going through its fair share of volatility. Its growth story has been a function of both, a strong organic growth strategy coupled with a series of acquisitions. Etsy has expanded its e-commerce ecosystem as well as its product base through acquistions like Elo7, a Brazil-based handmade goods marke
Research Tree provides access to ongoing research coverage, media content and regulatory news on Etsy, Inc.. We currently have 12 research reports from 4 professional analysts.
Audioboom’s FY23 results and Q1 trading update show Q1 24 revenue growth of +11% yoy, $6.7m of March 2024 revenue marking the platform’s highest revenue month since May 2022, and a confident outlook that leads us to reiterate our FY24E forecasts. Following the focus on new initiatives through FY23, the platform is now in its strongest ever operational position, with a record 1.1bn monthly ad impressions created in March 2024, record global audience reach of 38.6m unique global listeners in Janua
Companies: Audioboom Group PLC
Cavendish
Alphawave Semi has reduced guidance for FY23 and prospectively citing lower revenues from China, changes in expected revenue recognition from long-term contracts, and continuing investment in R&D. The share price has reacted negatively, giving up most of the gains since the trading statement at the end of January. Current consensus, which is a good match for pre-existing guidance, should be reduced, most likely following release of the FY23 results and full 1Q24 trading update due on 23 April. H
Companies: Alphawave IP Group PLC
Capital Access Group
Crimson Tide has reported FY23 results to December in line with expectations, with additional operating leverage benefitting updated FY24 and maiden FY25 and FY26 forecasts. FY23 delivered +15% revenue growth to £6.2m at 86% GM, of which over 90% is recurring, and maintained £5.8m ARR even after unexpected customer churn in the year as we previously noted. Crucially, the Group achieved milestone adj EBITDA profitability of £0.4m at 7% EBITDA margin, and edges closer to adj PBT profitability expe
Companies: Crimson Tide Plc
Companies: BILN ELCO NXQ CUSN ATG
Devolver Digital encouragingly delivered 2023 results slightly ahead of expectations and provided a steady medium-term outlook that leads us to reiterate our 2024 Adjusted EBITDA estimates. Longer term, the company is now planning to further develop its two major planned titles, Human Fall Flat 2 and System Era's next major new release. We now expect those major titles to be released in 2026 rather than 2025, meaning we lower our 2025 Adjusted EBITDA forecast to $10.6m from $17.6m but introduce
Companies: Devolver Digital, Inc.
Zeus Capital
Companies: 88E RNO TRIN KRM EXR BOOM
Companies: Kainos Group PLC
Canaccord Genuity
Checkit has won contracts with two customers worth at least £417k over the three-year lives of the contracts, confirming its ability to upsell to its existing customer base and supporting our forecasts. Having trialled the new technology with multiple customers, Checkit has launched its Asset Intelligence module, which uses advanced analytics and machine learning to enhance customer sustainability, reduce costs and increase revenue.
Companies: Checkit plc
Edison
ATG’s H1/24 trading statement indicates revenue for the six-month period to 31 March 2024 was $86m, a 6% increase on H1/23 (1% organic growth), helped by the addition of the EstateSales.Net (ESN) marketplace last year, which performed well in the period. Total marketplace revenue increased 2% (organic), driven by growth in value-added services (VAS) and event fees, offsetting a decline in commission revenue (mainly through lower asset prices).
Companies: Auction Technology Group PLC
Companies: Crimson Tide Plc (TIDE:LON)Plant Health Care PLC (PHC:LON)
Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning's full year results reflect the outcome of a multi-year strategy coming to fruition for the group, with recurring revenue growth of 8.7% delivering overall revenue growth of 7.1% and in turn a 60% increase in PBT to £0.7m. Over the past few years, Touchstar has focused on enhancing the returns from their product offering through a shift towards recurring software licen
Companies: Touchstar plc
WHIreland
This report is intended to help UK small- and mid-cap investors gain a better understanding of software companies’ routes to market, and to highlight how one of the most important facets of the way in which they grow and deliver value is routinely ignored. We examine sales processes for six UK-listed companies and one that has recently been taken over, and consider why they have followed their respective paths.
Companies: Idox plc
Progressive Equity Research
ENGAGE XR’s FY23 results show revenue and net cash in line with the February trading update, EBITDA ahead at -€4.0m vs -€4.5m due to the split of cash outflow between opex and working capital, and a confident outlook that leads us to reiterate our FY24E forecasts. FY23 revenue for the core ENGAGE platform was unchanged vs FY22 at €3.3m, as H2 23 revenue was impacted by the record seven-figure contract announced in February shifting to 2024, and several enterprise customers scaling back renewals
Companies: Engage XR Holdings PLC
Companies: Cirata Plc
Liberum
Companies: UTL ASC DNLM BWNG MONY DFS BOO
Shore Capital
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