Stock Analysis
Freshworks (NASDAQ:FRSH) First Quarter 2024 Results
Key Financial Results
- Revenue: US$165.1m (up 20% from 1Q 2023).
- Net loss: US$23.3m (loss narrowed by 45% from 1Q 2023).
- US$0.078 loss per share (improved from US$0.15 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Freshworks EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 21% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Freshworks that you need to take into consideration.
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About NasdaqGS:FRSH
Freshworks
A software development company, provides software-as-a-service products worldwide.
Flawless balance sheet and slightly overvalued.