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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 265 research reports from 4 professional analysts.
Eleco’s FY23 results show robust organic recurring revenue growth of +17% with recurring revenue +22% to £20.7m, adj EBITDA +2% ahead of the January update, and a confident outlook with Q1 ARR already at £24.5m vs £22.6m at FY23. At this point, the excellent start to FY24 leads us to reiterate our FY24-26E revenue, adj EBITDA, EFCF, and DPS, and we include the April 2024 acquisition of Vertical Digital in our FY24-26E net cash, as we explain below. As Eleco builds upon the successful acquisition
Companies: Eleco Plc
Cavendish
Made Tech has won a material expansion (worth up to £19.5m/2yrs) with a long-standing customer, The Department for Levelling Up, Housing and Communities (“DLUHC”). Coming off the back of a soft H1 bookings performance, we expect this win to materially boost investor sentiment and reassure how notwithstanding a tough backdrop (given an impending general election) MTEC continues to outcompete legacy providers and in-so-doing, grow its share of wallet with large/strategic customers. Landing near FY
Companies: Made Tech Group PLC
Singer Capital Markets
Companies: Cerillion Plc
Liberum
Cerillion has announced a very solid update, as H1 sales and EBITDA are both up 10% y/y to £22.5m and £10.9m respectively, notwithstanding the exceptionally strong base period (sales and EBITDA +27% and +38% resp.). Results therefore point to continued strong customer demand, reflecting how Cerillion’s out-of-the-box product continues to resonate and gain adoption, particularly in a ‘budget conscious’ environment, by offering faster time to market, greater configurability and at a lower cost. Me
As reported in March, underlying EBITDA profitability improved to record levels despite FX headwinds. Further platform and proposition developments were completed, key steps on its digital roadmap, and it has already won 7 contracts YTD. Alongside planned growth in private membership, this will at least offset the loss of one contract. Forecasts are left unchanged today and, as member engagement throttles back up, FX headwinds ease, and proof points of digital efficiency emerge, markets should b
Companies: Ten Lifestyle Group PLC
itim is a disruptive SaaS-based platform that enables store-based retailers to implement a proven Omni-channel solution. This morning, the group has announced an additional professional services contract with its long-standing client, The Entertainer. Following a year-long trial, The Entertainer is opening in over 800 Tesco stores across the UK & Ireland, alongside a supplier agreement for Tesco stores across Central Europe. Under the contract, The Entertainer will extend its use of itim's Unify
Companies: Itim Group PLC
WHIreland
GE Healthcare has announced the launch of the Voluson Signature 20 and 18 ultrasound systems, with the related press release noting these systems ‘comprehensively integrate artificial intelligence’ to improve the ultrasound procedure for clinicians and the women being scanned. These ultrasound systems include SonoLyst, the AI which incorporates Intelligent Ultrasound’s ScanNav Assist and ScanNav AutoCapture AI software. The launch of additional Voluson systems including the SonoLyst suite of AI
Companies: Intelligent Ultrasound Group Plc
22nd April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi
Companies: ARV CTL AFRN FEN HUW TENG BBSN EAAS VAL
Hybridan
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
Companies: FOG PEB KBT EMR TIME GETB JNEO
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
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
Banquet Buffet*** Abingdon Health 9.25p £11.3m (ABDX.L) The lateral flow contract development and manufacturing organisation announces its unaudited interim results for the six months ended 31 December 2023. Revenue increased 117% to £2.4m (H1 2023: £1.1m). The Adjusted EBITDA loss decreased 47% to £1.2m (H1 2023: £2.2m). Furthermore, reduction in operating loss of 50% to £1.2m (H1 2023: £2.4m). The Board therefore expects that H2 2024 revenue will be significantly improved compared with H1 2024
Companies: CPX SLP FA/ FIPP ECR ETP ORCA
Companies: IGP RUA BOOM
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