| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 96.8MM | +3% |
| Gross Profit | 74.4MM | +2% |
| Cost Of Revenue | 22.4MM | +7% |
| Operating Income | -13.3MM | -27% |
| Operating Expenses | 87.6MM | -4% |
| Net Income | -13.6MM | -32% |
| R&D | 23.8MM | +5% |
| G&A | 19.3MM | -7% |
| Marketing | 44.5MM | -6% |
| Interest Expense | 1MM | -32% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Virtual events software company (NYSE:ONTF) will be announcing earnings results tomorrow afternoon. Here's what to look for.
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Sprout Social ( NASDAQ:SPT ) First Quarter 2024 Results Key Financial Results Revenue: US$96.8m (up 29% from 1Q 2023...
Shares of social media management software company Sprout (NASDAQ:SPT) fell 37.3% in the morning session after the company reported first-quarter results with its full-year revenue guidance below expectations. Notably, full-year revenue guidance was lowered to a range of $405.0- $406.0 million (vs. previous expectations of $425.3 - $425.5 million). This is never a good sign. Key topline metrics, including ARR (annual recurring revenue), billings, and revenue, also missed analysts' estimates duri
Sprout Social, Inc. (NASDAQ:SPT) Q1 2024 Earnings Call Transcript May 2, 2024 Sprout Social, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you for standing by. My name is Dee, and I will be your conference operator today. […]
Although the revenue and EPS for Sprout Social (SPT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Revenue Growth Meets Expectations, GAAP Net Loss Widens
Social media management software company Sprout (NASDAQ:SPT) missed analysts' expectations in Q1 CY2024, with revenue up 28.7% year on year to $96.78 million. Next quarter's revenue guidance of $98.55 million also underwhelmed, coming in 2.9% below analysts' estimates. It made a non-GAAP profit of $0.10 per share, improving from its profit of $0.06 per share in the same quarter last year.
Expects durable, efficient growth in 2024CHICAGO, May 02, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its first quarter ended March 31, 2024. “As partners in this company’s success to date and strategic direction moving forward, Ryan and I had an opportunity to re-draw our roles to best position us to accelerate beyond our $1B target
Machine learning stocks are on everyone’s radar, if nothing else, for the potentially $80 billion market opportunity up for grabs. Underscoring the enormity of the situation, President Joe Biden has signed an executive order to ensure America, which is expected to have a $21 billion market in 2024, does not get left behind in this race, considering machine learning will impact almost every major market segment. In connection, we will explore three machine learning stocks trading at more than 25%