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Boxed 과거 순이익 실적
과거 기준 점검 0/6
Boxed 의 수입은 연평균 -25.1%의 비율로 감소해 온 반면, Consumer Retailing 산업은 연평균 14.1%의 비율로 증가했습니다. 매출은 연평균 0.7%의 비율로 증가해 왔습니다.
핵심 정보
-25.09%
순이익 성장률
20.94%
주당순이익(EPS) 성장률
| Consumer Retailing 산업 성장률 | 10.91% |
| 매출 성장률 | 0.74% |
| 자기자본이익률 | n/a |
| 순이익률 | -75.33% |
| 최근 순이익 업데이트 | 30 Sep 2022 |
최근 과거 실적 업데이트
Recent updates
Seeking Alpha • Jan 20
Boxed stock surges +50% after getting new financing
Boxed (NYSE:BOXD) on Friday said it entered into a second lien secured term loan facility with a lender that provided $10 million of new funding. Shares +52% at $0.72 after the bell. The new facility also provides for an additional $10 million in funding, subject to the completion of certain milestones in a process for the sale of the company. Boxed also entered into an amendment to its existing first lien debt facility with funds and accounts managed by BlackRock that, among other things, reduces its minimum liquidity covenant by $5 million. As part of the above transactions, about $32 million of the existing convertible notes previously held by the lender have been exchanged into new loans secured by a second lien security interest in substantially all of the assets of the company and its subsidiaries. The lender has been issued warrants to purchase 14 million shares of the Company’s outstanding common stock at an initial exercise price of $3.00 per share.Seeking Alpha • Nov 16
Boxed, Inc. Stock: Financial Challenges Not Worth Recycling
Summary BOXD reported its Q3 earnings with a decline in revenue and widening loss. A shift towards B2B customers has helped to improve some key performance indicators, although financial fundamentals remain poor. An outlook for recurring losses and an ongoing cash burn will likely keep shares under pressure. Boxed, Inc. (BOXD) is approaching its 10th anniversary as an online retailer specializing in household staples and food pantry items. While sales climbed over the last several years amid the e-commerce boom, the company was not been able to translate that momentum into a financially viable model. Indeed, revenues are down this year with a widening loss leaving shares off a disastrous -95% year-to-date in 2022. The company just reported its latest quarterly result highlighted by some deep financial challenges likely to continue leaving some serious doubt about the long-term sustainability of the business. The only thing we're seeing inside BOXD is the number of red flags that should serve as a warning for investors to stay away. BOXD Earnings Recap BOXD Q3 revenue of $41.7 million declined by 15% year-over-year. Within that figure, retail sales increased by 1% from Q3 2021 although the bigger impact was the limited contribution of the software & services segment related to its "Spresso" e-commerce management platform that is licensed to other companies. Management explains that a large $10 million deal in 2021 left a difficult comparison with an understanding that the sales trends feature some quarterly variability. On this point, the expectation is that a new customer engagement will add to some top-line boost going forward. The company messaging has been to focus on some strong points. The average order value on the site reached a record $150, from $123 in Q3 2021. Similarly, the retail net revenue per active customer increased to $336 from $243. Boxed is also finding some success in serving more business-to-business (B2B) customers, where gross merchandise value climbed by 37% y/y in Q3. On the other hand, the total number of active customers declined by 21% to 124k compared to 157 in the period last year. The readout is that Boxed is serving fewer customers, but the most loyal shoppers are spending a bit more on regular purchases. source: company IR The bigger question is if any improvement from here or the marginally positive silver linings will be enough to fill the hole of the large recurring loss. The challenge is evident looking at the Q3 operating loss that reached -$21.6 million compared to -$5.4 million in Q3 2021. A nearly 86% increase in SG&A following the company's December 2021 SPAC merger added significant expenses. The adjusted EBITDA loss of -$16.3 million also widened from -$3.0 million in the period last year. source: company IR The company ended the quarter with $39.4 million in cash including a portion of "restricted cash" against $44 million in long-term debt. There is also a separate $81 million in liabilities related to PIPE convertible notes. All this is in the context of a business that burned about $10.4 million in cash in Q3, meaning liquidity will need to be addressed over the next few quarters likely through another capital raise. In terms of guidance, management expects full-year revenue in the range of $165 million to $180 million. This implies approximately flat Q4 sales compared to Q3. The expectation is that the 2022 adjusted EBITDA loss ends in the range of -$65 million to -$80 million, compared to -$61 million year to date. BOXD Stock Price Forecast We're bearish on BOXD as we just don't see the company picking up the growth momentum necessary to jumpstart a real turnaround. The skepticism we have is whether Boxed offers a compelling shopping proposition to potential customers that are capable of competing with the segment leaders like Amazon.com (AMZN) and Walmart Inc. (WMT) that can offer more value across their ecosystem of services. There's little reason to see why the ongoing decline of active customers at Boxed will reverse or even stabilize. Based on our estimate and the current gross margin of 12%, retail revenues would need to more than double from the current quarterly level to approach a breakeven adjusted EBITDA. Again, this is a difficult market segment where even Amazon struggles with e-commerce profitability amid current macro headwinds.Seeking Alpha • Nov 09
Boxed GAAP EPS of -$0.37 misses by $0.03, revenue of $41.65M beats by $2.33M
Boxed press release (NYSE:BOXD): Q3 GAAP EPS of -$0.37 misses by $0.03. Revenue of $41.65M (-15.0% Y/Y) beats by $2.33M. Outlook: Boxed is reaffirming its previously provided guidance for Fiscal Year 2022 as follows: Total Net Revenue of $165 to $180 million vs $170.84M consensus. Total Adjusted EBITDA loss of $65 to $80 million.Seeking Alpha • Oct 06
Boxed, AEON enter agreement to expand partnership
Boxed (NYSE:BOXD) and AEON has announced a definitive agreement to launch Boxed’s end-to-end software and services platform in the Vietnamese market with AEON’s affiliate, AEON Vietnam Co. With the announcement, Boxed has officially begun deploying its Spresso technology platform with AEON Vietnam, with an initial launch expected in the coming months. In addition to Malaysia, and now Vietnam, Boxed and AEON will continue to explore partnerships and opportunities throughout Southeast Asia. “AEON has been a great partner for us in Malaysia, and we are beyond excited to replicate our e-commerce synergy in such a dynamic, growing economy as Vietnam, and potentially other strategic markets in the near future,” said Chieh Huang, CEO of Boxed.Seeking Alpha • Sep 22
Boxed and Snowflake partner to launch Spresso SaaS capabilities to joint customers
Boxed (NYSE:BOXD) partners with Snowflake for its Spresso SaaS platform; the Snowflake Partner Network program is designed to accelerate the ability of companies and application developers to deliver differentiated applications by supporting them across all stages of the application journey in Snowflake’s Data Cloud. “Our partnership with Snowflake allows our customers to seamlessly share the data needed to drive Spresso outputs. In turn, Spresso models run in the Snowflake Retail Data Cloud, returning predictive analytics and actionable insights to our mutual customers to achieve better business outcomes,” said Jared Yaman, COO and Spresso Business Head. Stock up 1% during pre-market분석 기사 • Aug 15
The Boxed, Inc. (NYSE:BOXD) Analysts Have Been Trimming Their Sales Forecasts
The latest analyst coverage could presage a bad day for Boxed, Inc. ( NYSE:BOXD ), with the analysts making...분석 기사 • Aug 12
Boxed, Inc. (NYSE:BOXD) Analysts Are Cutting Their Estimates: Here's What You Need To Know
The analysts might have been a bit too bullish on Boxed, Inc. ( NYSE:BOXD ), given that the company fell short of...Seeking Alpha • Aug 10
Boxed: Hold The Stock For Long-Term Growth
It has recently signed a Memorandum of Understanding with AEON's subsidiary AEON Vietnam Company Limited to expand the geographical reach. It has also won the first US-based company contract of Jeffers Pet which is a key milestone as it opens the door to the new geographical market and potential. It is trading below its 50-day and 100-day weighted moving average. This reflects that the company has negative technical indicators due to the severe downside since June 2022. Investment Thesis Boxed (BOXD) is an e-commerce retailer and provider of e-commerce platform services. It has recently expanded its Spresso business in the USA and Vietnam market, increasing its potential customer base. I believe these expansions can act as a growth factor for the company in the coming years. About Boxed The company is an e-commerce retailer and provides e-commerce services. The company offers bulk pantry consumables to corporates and household consumers. It also offers e-commerce platform services to enterprise-level customers through the latest Software & Services business which gives access to its end-to-end technology. The company reports its revenue under two segments. The first segment is Retail, and the second segment is Software & Services. The company's retail business generates 89% of the total revenue, and Software & Services, which is newly established, contributes 11% of the total net sales. According to a recent strategic update, the retail segment of the company has achieved growth of 11.2%, and the Gross Merchandise Value (GMV) has grown by 19.4% YoY in the second quarter of FY2022. GMV has shown strong growth in the last three consecutive quarters. Retail active customers have reached 167 million, which is 9% YoY growth. The company has changed its "MaxDelivery" brand, which it acquired in 2021 as "Boxed Market" to expand into new markets. To expand additional Boxed Market micro-fulfillment centers in Westchester and Brooklyn, New York, Boxed recently acquired new leases. The centers are anticipated to launch fully in the fourth quarter of this year. These expansions can significantly affect the financials in the long term. Second Quarter Performance (Investor Presentation) Software & Services business has branded as "Spresso" to create a separate brand value in the market. The company has a strong growth vision for this segment as it has expanded business in the USA and Vietnam. I believe the Software & Services segment has huge growth potential in the coming years as the company has strategic plans to capitalize on the recent commercial momentum by building its broader Boxed ecosystem to offer a wide range of services. I think the recent AEON partnership and the entry into the USA can significantly contribute to the long-term target of positive EBITDA by FY2024 and the company's ecosystem. Expansion Into New Geographies The company has recently signed a Memorandum of Understanding (MoU) with AEON's subsidiary AEON Vietnam Company Limited to expand the geographical reach of the end-to-end software and services platform in Vietnam. The company has previously partnered with AEON to expand Boxed's proprietary e-commerce technology in the Malaysian market, which was very successful. I think the previous successful collaboration gives certainty about the synergy of both entities. The company has also announced that after the Vietnam market, it will continue the expansion in Southeast Asia with AEON. I believe this global expansion of the company can positively affect the financials of the company in the long term. It has also won the first US-based company contract of Jeffers Pet which is a key milestone as it opens the door to the new geographical market and potential customer base. I think the company's expansion of the Spresso platform in the USA and Vietnam might act as a primary growth catalyst in the coming period as both expansions have increased the global reach. What Is The Main Risk Faced By BOXD? Inflation Industry-wide inflation that we are currently facing has criticality affected the company's profitability. BOXD is susceptible to the increasing cost of goods as it directly affects the customer demand for the company. BOXD operates in a highly competitive market, and to maintain sales and retain customers, the company has to sell goods at an attractive price. To maintain the selling price of the products, the company has to take a hit on the profit margins. The inflation is likely to continue through FY23, which is not a positive sign for the company. Technical Analysis & Fundamental Valuation Technical Analysis of Boxed (Investing.com) BOXD is trading below its 50-day, and 100-day weighted moving average (WMA). This reflects that the company has negative technical indicators due to the severe downside since June 2022. The stock price is facing resistance at the 50-day WMA level, and unless the stock crosses the 50-day WMA, it's difficult to see momentum in the stock. The RSI indicator, on the other hand, suggests that the stock is consolidating in the 30-50 RSI band range. This range is generally considered a buy zone; however, there is no significant divergence as per the RSI chart to suggest any buying momentum in the stock. As per my analysis, both RSI and WMA indicators don't reflect any buying momentum in the stock, and I would recommend that investors hold the stock for now.Seeking Alpha • Jul 07
Boxed and AEON sign MOU to expand partnership, launch software & services in Vietnam
Boxed (NYSE:BOXD) signs an MOU with AEON's affiliate, AEON Vietnam Company to launch Boxed’s end-to-end software and services platform in the Vietnamese market by the end of 2022. In September of 2021, both the companies launched a partnership to use Boxed’s proprietary e-commerce technology to power AEON e-commerce capabilities in the Malaysian market. Since the successful implementation in Malaysia, both the companies will be officially expanding their partnership into Vietnam and will continue to explore expanding into additional markets. The companies are exploring a partnership in other markets as well, including Indonesia.Seeking Alpha • May 21
Boxed: A Technology First Grocery Retailer
Boxed is one of the rare SPACs that is holding up well despite the recent broad market sell-off. The company operates as an online-only grocery store which focuses heavily on technology and customers' experience. It has great potential as the online grocery market is huge and their subscription and software revenue is able to increase its margin substantially over time. Guidance for FY22 suggests strong revenue growth however profitability remains an issue and valuation is still a bit stretched.Seeking Alpha • Mar 17
Boxed CEO Chieh Huang - Big Increase In Gross Margins
Boxed, an ecommerce grocery platform that sells bulk consumables, reported Q4 results this week. CEO Chieh Huang discusses gross margins increasing helped by higher margin Software & Services segment. How inflation and Covid has affected business.매출 및 비용 세부 내역
매출 및 비용 세부 내역
Boxed가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.
순이익 및 매출 추이
| 날짜 | 매출 | 순이익 | 일반관리비 | 연구개발비 |
|---|---|---|---|---|
| 30 Sep 22 | 177 | -133 | 111 | 0 |
| 30 Jun 22 | 184 | -112 | 102 | 0 |
| 31 Mar 22 | 183 | -89 | 88 | 0 |
| 31 Dec 21 | 177 | -67 | 71 | 0 |
| 30 Sep 21 | 175 | -36 | 64 | 0 |
| 30 Jun 21 | 167 | -40 | 59 | 0 |
| 31 Mar 21 | 182 | -40 | 58 | 0 |
| 31 Dec 20 | 187 | -36 | 54 | 0 |
| 31 Dec 19 | 174 | -67 | 76 | 0 |
| 31 Dec 18 | 140 | -49 | 57 | 0 |
양질의 수익: BOXD.Q 은(는) 현재 수익성이 없습니다.
이익 마진 증가: BOXD.Q는 현재 수익성이 없습니다.
잉여현금흐름 대비 순이익 분석
과거 순이익 성장 분석
수익추이: BOXD.Q은 수익성이 없으며 지난 5년 동안 손실이 연평균 25.1% 증가했습니다.
성장 가속화: 현재 수익성이 없어 지난 1년간 BOXD.Q의 수익 성장률을 5년 평균과 비교할 수 없습니다.
수익 대 산업: BOXD.Q은 수익성이 없어 지난 해 수익 성장률을 Consumer Retailing 업계(13.3%)와 비교하기 어렵습니다.
자기자본이익률
높은 ROE: BOXD.Q의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.
총자산이익률
투하자본수익률
우수한 과거 실적 기업을 찾아보세요
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2023/09/07 21:27 |
| 종가 | 2023/09/06 00:00 |
| 수익 | 2022/09/30 |
| 연간 수익 | 2021/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
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| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
|
* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.
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산업 및 섹터 지표
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분석가 소스
Boxed, Inc.는 4명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Marvin Fong | BTIG |
| Ronald Josey | Citigroup Inc |
| Thomas Forte | D.A. Davidson & Co. |