Major Estimate Revision • Jul 28
Consensus EPS estimates fall by 169% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -US$0.011 to -US$0.029 per share. Revenue forecast of US$511.2m unchanged since last update. Professional Services industry in Norway expected to see average net income growth of 12% next year. Consensus price target of kr34.50 unchanged from last update. Share price was steady at kr17.93 over the past week. Announcement • Jun 22
Meltwater N.V. Announces New AI-Powered Assistant, Summaries and Analysis At Meltwater Summit Meltwater N.V. announced new AI-powered product innovations across its suite of solutions that allow customers to save time, unlock deeper insights, and take action. With this latest release, Meltwater has solidified its leadership in AI innovation, bringing to market two new writing assistants designed to save teams time, and new AI-powered summarization capabilities that surface rich insights to customers without any manual work necessary. Meltwater's new AI Assistants leverage the latest technology in generative AI. The first is a PR Assistant which helps PR professionals draft press releases and personalize pitches to journalists in record time. The second is the AI writing Assistant, powered by the ChatGPT API, which drafts highly engaging social content, saving teams time and increasing social engagement at scale. The writing Assistant now also features a DALL-E integration, enabling users to complement posts with royalty-free images generated directly in the Meltwater app. New advancements in AI summaries and analysis include the launch of content summarization which automatically groups thousands of news articles and social shares into a handful of relevant key themes, and spike analysis which provides reasoning behind peaks in mentions without users needing to do so manually. Both of these enable Meltwater customers to easily sift through the noise and focus on the significant changes for their brand that require action immediately. In Meltwater's Influencer Marketing solution, Klear, the new Visual Search dramatically simplifies the process of finding influencers relevant to a company's goals. Marketing pros can search for creators using natural language to find visual elements in their content like objects, logos and more, enabled by Meltwater's advanced AI image analysis, an industry-first innovation. These updates come on the heels of Meltwater's recent press release highlighting AI-powered product enhancements including Radarly Discovery and Video Analysis. Major Estimate Revision • Jun 07
Consensus EPS estimates upgraded to US$0.028 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -US$0.037 to -US$0.028 per share. Revenue forecast unchanged from US$505.3m at last update. Professional Services industry in Norway expected to see average net income growth of 11% next year. Consensus price target of kr34.50 unchanged from last update. Share price fell 4.2% to kr17.24 over the past week.