QXO Past Earnings Performance

Past criteria checks 0/6

QXO's earnings have been declining at an average annual rate of -30.6%, while the Software industry saw earnings growing at 19.1% annually. Revenues have been growing at an average rate of 8% per year.

Key information

-30.6%

Earnings growth rate

-25.2%

EPS growth rate

Software Industry Growth	17.3%
Revenue growth rate	8.0%
Return on equity	-0.2%
Net Margin	-14.3%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Investors Could Be Concerned With SilverSun Technologies' (NASDAQ:SSNT) Returns On Capital

Mar 08

SilverSun Technologies (NASDAQ:SSNT) Could Be Struggling To Allocate Capital

Oct 28

SilverSun Technologies (NASDAQ:SSNT) Is Experiencing Growth In Returns On Capital

Jun 28

A Look At The Intrinsic Value Of SilverSun Technologies, Inc. (NASDAQ:SSNT)

Mar 31

Have Insiders Been Selling SilverSun Technologies, Inc. (NASDAQ:SSNT) Shares?

Dec 30

SilverSun Technologies reports Q3 results

Nov 10

Revenue & Expenses Breakdown

How QXO makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqCM:QXO Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	57	-8	25
31 Mar 24	56	-1	20
31 Dec 23	55	-1	19
30 Sep 23	52	-2	19
30 Jun 23	50	0	18
31 Mar 23	47	0	18
31 Dec 22	45	0	17
30 Sep 22	43	-1	17
30 Jun 22	42	-1	17
31 Mar 22	42	-1	17
31 Dec 21	42	0	17
30 Sep 21	43	1	16
30 Jun 21	43	1	16
31 Mar 21	42	1	16
31 Dec 20	41	0	16
30 Sep 20	40	0	15
30 Jun 20	40	-1	16
31 Mar 20	39	-2	16
31 Dec 19	39	-1	16
30 Sep 19	38	-2	16
30 Jun 19	38	-1	15
31 Mar 19	36	-1	14
31 Dec 18	36	-1	14
30 Sep 18	35	-2	14
30 Jun 18	35	-1	13
31 Mar 18	36	-1	13
31 Dec 17	35	0	12
30 Sep 17	34	1	12
30 Jun 17	34	3	11
31 Mar 17	34	4	11
31 Dec 16	34	3	11
30 Sep 16	34	3	11
30 Jun 16	32	0	11
31 Mar 16	29	0	10
31 Dec 15	28	0	10
30 Sep 15	25	0	9
30 Jun 15	24	1	8
31 Mar 15	23	1	8
31 Dec 14	21	0	8
30 Sep 14	21	1	8
30 Jun 14	20	0	7
31 Mar 14	18	0	7
31 Dec 13	17	0	6

Quality Earnings: QXO is currently unprofitable.

Growing Profit Margin: QXO is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: QXO is unprofitable, and losses have increased over the past 5 years at a rate of 30.6% per year.

Accelerating Growth: Unable to compare QXO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: QXO is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (23.6%).

Return on Equity

High ROE: QXO has a negative Return on Equity (-0.22%), as it is currently unprofitable.

QXO Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Second quarter 2024 earnings released

First quarter 2024 earnings released: EPS: US$0.026 (vs US$0.053 in 1Q 2023)

Full year 2023 earnings released: US$0.20 loss per share (vs US$0.055 loss in FY 2022)

Second quarter 2023 earnings released: EPS: US$0.065 (vs US$0.017 loss in 2Q 2022)

First quarter 2023 earnings released: EPS: US$0.053 (vs US$0.008 loss in 1Q 2022)

Full year 2022 earnings released: US$0.055 loss per share (vs US$0.027 loss in FY 2021)

Recent updates

Second quarter 2024 earnings released

New major risk - Shareholder dilution

QXO, Inc. announced that it expects to receive $620.000009 million in funding from A Fin Management LLC and other investors

Now 28% undervalued after recent price drop

QXO Receives Letter from Nasdaq Due to Non-Compliance with the Minimum 500,000 Publicly Held Shares Requirement Pursuant to Nasdaq Listing Rule 5550(a)(4)

Now 26% undervalued after recent price drop

QXO Receives Letter from Nasdaq Due to Non-Compliance with the Minimum 500,000 Publicly Held Shares Requirement Pursuant to Nasdaq Listing Rule 5550(a)(4)

Now 23% undervalued after recent price drop

Now 23% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 25% undervalued after recent price drop

QXO, Inc. announced that it expects to receive $3.499999998 billion in funding

President of SilverSun Technologies recently sold US$5.2m worth of stock

QXO, Inc. Announces CFO Changes

First quarter 2024 earnings released: EPS: US$0.026 (vs US$0.053 in 1Q 2023)

Chairman recently sold US$115k worth of stock

Full year 2023 earnings released: US$0.20 loss per share (vs US$0.055 loss in FY 2022)

Insufficient new directors

SilverSun Technologies, Inc. announced that it expects to receive $1 billion in funding from Sequoia Heritage, Jacobs Private Equity, LLC, JPE Inc., SilverSun Technologies, Inc.

SilverSun Technologies, Inc., Annual General Meeting, Dec 19, 2023

Investor sentiment deteriorates as stock falls 15%

SilverSun Technologies (NASDAQ:SSNT) Might Have The Makings Of A Multi-Bagger

SilverSun Technologies, Inc. Declares Special Cash Dividend, Payable on August 25, 2023

Second quarter 2023 earnings released: EPS: US$0.065 (vs US$0.017 loss in 2Q 2022)

First quarter 2023 earnings released: EPS: US$0.053 (vs US$0.008 loss in 1Q 2022)

Full year 2022 earnings released: US$0.055 loss per share (vs US$0.027 loss in FY 2021)

Now 21% undervalued after recent price drop

Now 20% undervalued

Now 20% undervalued after recent price drop

Third quarter 2022 earnings released: US$0.026 loss per share (vs US$0.06 loss in 3Q 2021)

SilverSun Technologies, Inc., Annual General Meeting, Dec 15, 2022

Rhodium Enterprises, Inc. entered into a definitive agreement and plan of merger to acquire SilverSun Technologies, Inc. (NasdaqCM:SSNT) in a reverse merger transaction.

Estimating The Intrinsic Value Of SilverSun Technologies, Inc. (NASDAQ:SSNT)

Now 20% undervalued

Second quarter 2022 earnings released: US$0.017 loss per share (vs US$0.026 profit in 2Q 2021)

SilverSun Technologies GAAP EPS of -$0.02, revenue of $10.64M

Is SilverSun Technologies (NASDAQ:SSNT) Using Debt In A Risky Way?

First quarter 2022 earnings released: US$0.008 loss per share (vs US$0.074 profit in 1Q 2021)

Full year 2021 earnings released: US$0.027 loss per share (vs US$0.039 profit in FY 2020)

Investors Could Be Concerned With SilverSun Technologies' (NASDAQ:SSNT) Returns On Capital

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: US$0.06 loss per share (vs US$0.012 profit in 3Q 2020)

Investor sentiment improved over the past week

SilverSun Technologies (NASDAQ:SSNT) Could Be Struggling To Allocate Capital

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS US$0.026 (vs US$0.007 in 2Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.60 per share

SilverSun Technologies (NASDAQ:SSNT) Is Experiencing Growth In Returns On Capital

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS US$0.074 (vs US$0.065 loss in 1Q 2020)

A Look At The Intrinsic Value Of SilverSun Technologies, Inc. (NASDAQ:SSNT)

Full year 2020 earnings released: EPS US$0.039 (vs US$0.33 loss in FY 2019)

New 90-day high: US$6.40

New 90-day high: US$3.71

Silversun Technologies, Inc Announces Appointment of Joseph Macaluso as Chief Financial Officer of the Company

Have Insiders Been Selling SilverSun Technologies, Inc. (NASDAQ:SSNT) Shares?

New 90-day high: US$3.37

SilverSun Technologies, Inc., Annual General Meeting, Dec 17, 2020

Third quarter 2020 earnings released: EPS US$0.012

SilverSun Technologies reports Q3 results

Christine Dye Resigns as Chief Financial Officer of Silversun Technologies, Inc

Insider recently sold US$120k worth of stock

First half earnings released