Spark Networks SE

Report azionario OTCPK:LOVL.Q

Capitalizzazione di mercato: US$2.6k

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Spark Networks Performance degli utili passati

Criteri Il passato verificati 0/6

Gli utili di Spark Networks sono diminuiti a un tasso medio annuo di -105.3%, mentre il settore Interactive Media and Services ha visto gli utili crescere a un tasso medio annuo di 21.1%. I ricavi sono cresciuti diminuire a un tasso medio annuo di 15.2%.

Informazioni chiave

-105.31%

Tasso di crescita degli utili

-104.76%

Tasso di crescita dell'EPS

Interactive Media and Services Crescita del settore6.15%
Tasso di crescita dei ricavi-15.18%
Rendimento del capitale proprion/a
Margine netto-34.37%
Ultimo aggiornamento sugli utili30 Jun 2023

Aggiornamenti sulle prestazioni recenti

Recent updates

Articolo di analisi • Feb 25

Spark Networks (NASDAQ:LOV) Use Of Debt Could Be Considered Risky

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Oct 17

Spark Networks: The Ugly Girl At The Prom

Summary Spark Networks has shown little improvement in recent months. Insiders aren’t touching the stock. Other than a buyout, I see limited upside. Management doesn't seem to have a plan for how to improve operations. Update & Thesis Back in June, I wrote a piece comparing Match Group (MTCH) and Spark Networks (LOV). In summary, I gave Match a "hold" since I disliked the company but didn't have enough of a reason to initiate a bearish view. I gave Spark a "sell" based on their business models and income statements. Match is down 41% since the publication and Spark is down 45%. While both stocks have decreased in value, I will credit the bear market for the decline instead of my foresight. I still believe Spark has much more room to fall if they continue the status quo. There has been no observable improvement in the business model flaws discussed in my last writing. Spark Networks is an online dating conglomerate with 12 different platforms. Prior to the Zoosk acquisition, the company mainly operated dating sites on an exclusionary basis and did not utilize the Networking Effect. For example, Jdate is likely to discourage a Christian from using the platform. Even more odd is that Spark operates JSwipe as a second separate Jewish-based dating platform. Why would a business compartmentalize such a specific demographic and not merge them? This would be akin to Amazon (AMZN) operating completely separate sites for adults under 30 and over 30. Spark Networks Subsidiaries (Spark Networks) In my opinion, this is a terrible business strategy and the company's financials prove it to be true. As discussed in my last piece on Spark, the business model limits the company's scalability. What's peculiar is I believe this flaw is extremely obvious and can't comprehend how management doesn't see it. Transcripts are full of excuses with no results. I see no positive long-term prospects for Spark Networks other than a possible buyout. Management: Excuses, Excuses Sparks failed to capitalize on the Covid lockdowns like other dating companies have. As you can see here, the company did grow their revenue during the lockdown period. This was the opportunity of a lifetime for online dating companies: in-person dating was put on hold and the only way to mingle was through the internet. If Spark was going to grow its user base, this was the time to do so. It is now October 2022, a full 30 months since the start of Covid. As you can see from the income statement, the company is now recording losses in operating and net income now that the lockdowns are over. Other than the Zoosk acquisition, the company still hasn't pivoted away from its exclusivity business model. Transcripts show what I believe to be a lack of direction on management's part. The absence of insider purchases even as the stock price declined this year suggests a lack of belief. Below are some quotes from the CEO, none of which give me confidence in the company for the long term. "We saw an increase in fraud on our SilverSingles and EliteSingles platform, which we believe led to lower performance versus our expectations." "Our Board has been highly engaged with the company's external financial, legal and strategic advisers to identify and assess a range of alternatives to enhance Spark's value" "We are working to simplify our technology infrastructure by moving our primary brands from 3 platforms to 2. While we have made good progress in our plan, we prioritize some of our resources to focus on safety, delaying our transition to H1 next year." "We continue to make progress on getting Zoosk back to growth." "If you have subscribers that are going to renew but had a bad experience, they wouldn't renew." - CEO Eric Eichmann To be fair, management did make statements that can inspire some optimism. The company restructured its debt, by negotiating a package with MGG Investment Group, and which you can read about in detail here. In short, the company elected to take on more debt but with a longer maturity date. As you can see on Spark's balance sheet, long-term debt increased from $85M to $105M YOY. Total Cash on hand remained roughly flat from the June 2021 quarter as well. So why am I still bearish? The concern here is not that the business has challenges, such as fraud and security on the platforms. The concern is that Spark's competitors such as Bumble (BMBL) and Tinder are meeting them head on and continue to be top companies in the industry while Spark Networks is stalled. From a financial standpoint, both competitors mentioned have a history of profitability. 5-Year Net Income (Seeking Alpha) From an operational standpoint, Spark's competitors are already delivering value to their user base. Match is looking to add features to its platform and does not appear not focused on restructuring debt. Bumble and Tinder are also extremely simple to use, which is why I believe their user base is so engaged. These quotes suggest to me that management is behind the curve and playing catch-up. The statements are focused on correcting past mistakes rather than specific plans of how they will grow their user base. This suggests to me that management doesn't have what it takes to be an innovator in the online dating space. Further proof of this is Spark's largest platform based on number of users is Zoosk, which came from an acquisition and not from organic growth. Zoosk is also ranked #11 in total users according to Business Of Apps. Zoosk has also decreased in rank since 2015 as the images below show. It should also be noted that five of the 2021 top 10 dating platforms are owned by Match Group: Tinder, Plenty of Fish, Hinge, OkCupid, and Match. Bumble has two in the top 10 as Bumble owns Badoo.
Seeking Alpha • Aug 09

Spark Networks reports Q2 results; narrows FY22 soft guidance

Spark Networks press release (NASDAQ:LOV): Q2 net loss was $8.8M, compared to $49.0M in the second quarter of 2021. Adjusted EBITDA loss was $1.7M, compared to Adjusted EBITDA of $8.6M in the second quarter of 2021. Revenue of $48.04M (-13.0% Y/Y). Total paid subscribers grew from 831,000 to 838,000 sequentially in the second quarter.  "We now expect total revenue for the year to be down low to mid-single digits on a percentage basis as compared to 2021. On a constant currency basis, we expect full-year 2022 revenue to be consistent with full-year 2021 revenue. On the profitability side, although we expect full-year Adjusted EBITDA to be lower than previously anticipated, we expect to deliver low double-digit Adjusted EBITDA margins for the full year."
Articolo di analisi • Jun 07

Spark Networks (NASDAQ:LOV) Takes On Some Risk With Its Use Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Seeking Alpha • Jun 02

Spark Networks: Love Might Be In The Air Again

Today, we take our first in-depth look at Spark Networks in over two years. This dating site operator has been severely impacted by the pandemic. Can the shares turn around as the coronavirus outbreak ebbs? A full investment analysis follows in the paragraphs below.
Articolo di analisi • Apr 05

Does Spark Networks (NYSEMKT:LOV) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Articolo di analisi • Mar 08

How Much Did Spark Networks'(NYSEMKT:LOV) Shareholders Earn From Share Price Movements Over The Last Three Years?

Spark Networks SE ( NYSEMKT:LOV ) shareholders should be happy to see the share price up 11% in the last quarter. But...
Articolo di analisi • Feb 01

Spark Networks SE's (NYSEMKT:LOV) About To Shift From Loss To Profit

Spark Networks SE ( NYSEMKT:LOV ) is possibly approaching a major achievement in its business, so we would like to...
Articolo di analisi • Dec 26

What Type Of Shareholders Own The Most Number of Spark Networks SE (NYSEMKT:LOV) Shares?

The big shareholder groups in Spark Networks SE ( NYSEMKT:LOV ) have power over the company. Insiders often own a large...
Articolo di analisi • Nov 30

Spark Networks'(NYSEMKT:LOV) Share Price Is Down 54% Over The Past Three Years.

The truth is that if you invest for long enough, you're going to end up with some losing stocks. But long term Spark...

Ripartizione dei ricavi e delle spese

Come Spark Networks guadagna e spende denaro. In base agli ultimi utili dichiarati, su base LTM.

Storico di utili e ricavi

OTCPK:LOVL.Q Ricavi, spese e utili (USD Millions )
DataRicaviUtiliSpese G+ASpese di R&S
30 Jun 23172-5910
31 Mar 23179-4110
31 Dec 22188-4420
30 Sep 22198-37590
30 Jun 22203-2920
31 Mar 22210-6920
31 Dec 21217-6830
30 Sep 21223-103180
30 Jun 21230-101340
31 Mar 21232-51490
31 Dec 20233-47630
30 Sep 20234-16610
30 Jun 20230-31590
31 Mar 20201-34550
31 Dec 19171-35510
30 Sep 19140-22450
30 Jun 19113-9410
31 Mar 19114-6390
31 Dec 18118-4380
30 Sep 18114-7310
30 Jun 18113-6390
31 Mar 18112-7400
31 Dec 17100-8300
30 Jun 1791-1290
31 Mar 17820240
31 Dec 16771200
31 Dec 15660170

Guadagni di qualità: LOVL.Q al momento non è redditizia.

Margine di profitto in crescita: LOVL.Q al momento non è redditizia.

Flusso di cassa libero e analisi degli utili

Analisi della crescita degli utili nel passato

Andamento degli utili: Dati insufficienti per determinare se il tasso di crescita annuale degli utili di LOVL.Q sia stato positivo negli ultimi 5 anni.

Accelerare la crescita: Impossibile confrontare la crescita degli utili di LOVL.Q nell'ultimo anno con la sua media quinquennale poiché al momento non è redditizia

Guadagni vs Settore: LOVL.Q non è redditizia, il che rende difficile confrontare la crescita dei suoi utili dell'anno passato con il settore Interactive Media and Services ( -1.3% ).

Rendimento del capitale proprio

ROE elevato: Le passività di LOVL.Q superano le sue attività, quindi è difficile calcolare il suo rendimento del capitale proprio.

Rendimento delle attività

Rendimento del capitale investito

Scoprire le aziende con forti performance passate

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2024/07/13 04:22
Prezzo dell'azione a fine giornata2024/07/08 00:00
Utili2023/06/30
Utili annuali2022/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Spark Networks SE è coperta da 2 analisti. 0 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Rajiv SharmaB. Riley Securities, Inc.
Austin MoldowCanaccord Genuity