Palantir Earns First GAAP Profitable Quarter Ever: What's Next for Palantir Stock? скачать в хорошем качестве

Palantir Earns First GAAP Profitable Quarter Ever: What's Next for Palantir Stock?

#stocks #stockmarket #stockstobuy Hey everyone, hope you're having a fantastic day! I'm excited to talk to you about something that's been making waves in the tech world recently. You may have heard about Palantir Technologies and how their stock, which trades under the ticker symbol PLTR, is surging. Well, let me tell you, it's all based on a fantastic earnings report that Palantir recently released. So, here's the scoop: Palantir beat both revenue and EPS expectations in their earnings report, and the stock has been on a tear ever since. Their revenue rose by a whopping 18% year-over-year to reach $509 million, which is a huge accomplishment for any company, especially in today's challenging economic environment. And their EPS was $0.04, which beat projections by $0.01. That might not sound like a lot, but it's a significant beat and a great sign for the company. But there's more to the story than just those impressive numbers. When it comes to Palantir's profitability, there's some good news and some bad news. The good news is that Palantir has, somewhat surprisingly, managed to become profitable on a GAAP basis, although only marginally. On a GAAP basis, Palantir earned $0.01 per share, or $31 million on a company-wide basis. This was PLTR's first GAAP profitable quarter ever, which is a huge milestone for the company and a great sign for investors. However, there is some bad news on the profitability front as well. Palantir Technologies said it expects 2023 to be its first profitable year as the maker of data analytics software benefits from cost cuts and the artificial intelligence boom. The company has reduced employees' stock-based compensation and cut back on cloud expenditure in recent months in response to lower spending from recession-wary businesses. Finance chief David Glazer told Reuters on Monday that the company has also slowed hiring to cut expenses, with headcount rising just 3% sequentially in the December quarter, compared with 31% for the whole of 2022. The move underlines a trend of greater frugality by tech firms after rapid hiring during the pandemic left them with a bloated workforce. Now, let's talk a bit about some of the other details in Palantir's earnings report. The company's revenue rose 18% to $509 million in the fourth quarter, beating analysts' estimates for the period when it signed deals with U.S. defense contractor Lockheed Martin Corp and the UK military. Palantir, known for its work with the U.S. Central Intelligence Agency, has clinched more defense business following Russia's war with Ukraine, selling software to visualize an army's positions and help enterprises vet their supply chains or reduce costs. For some bears, share-based compensation ("SBC") has been a major concern. And Palantir did indeed issue a large number of shares to employees and management in the past. But the SBC spending has slowed down drastically in the more recent past. During the fourth quarter, Palantir's share count averaged 2.09 million, up 4% from 2.01 million one year earlier. That still makes for some dilution, but it's far from drastic relative to the revenue and profit growth rate. If the pace of dilution remains at this level, SBC shouldn't be a major concern going forward. Sources: https://www.reuters.com/technology/pa... https://seekingalpha.com/article/4577... Join this channel to get access to perks:    / @ytfinance   Legal Disclaimer: This channel's content is provided solely for informational and entertainment purposes and should not be considered financial advice. The views and opinions expressed on this channel are solely the host's and do not necessarily reflect the views of any organization or entity mentioned. Before making any investment decisions, please conduct your own research and consult with a financial professional. This channel's host is not a financial advisor and has no professional licenses or qualifications in the field of finance. All investments involve some level of risk, and you should only invest what you can afford to lose.