Tillkännagivande • Feb 20
Elliott Investment Management L.P. Issues the Statement to Aspen Technology, Inc On February 19, 2025, Elliott Investment Management L.P. announced that it has issued the statement regarding the tender offer by Emerson Electric Co. for all Aspen Technology, Inc shares it does not currently own. Elliott Investment Management L.P. stated that Emerson's proposal to acquire the Company is clearly the result of a conflicted and deeply flawed process, bearing all the hallmarks of an opportunistic minority squeeze-out. Furthermore, Emerson's public statements and actions leading up to the commencement of the Tender Offer underscore its coercive intent toward minority stockholders. This transaction is unfair to minority stockholders, and we intend to pursue all appropriate remedies against Emerson. Reported Earnings • Feb 05
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.32 (up from US$0.34 loss in 2Q 2024). Revenue: US$303.6m (up 18% from 2Q 2024). Net income: US$20.3m (up US$41.8m from 2Q 2024). Profit margin: 6.7% (up from net loss in 2Q 2024). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 191%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Tillkännagivande • Jan 15
Aspen Technology, Inc. to Report Q2, 2025 Results on Feb 04, 2025 Aspen Technology, Inc. announced that they will report Q2, 2025 results After-Market on Feb 04, 2025 Tillkännagivande • Nov 07
Emerson Electric Co. (NYSE:EMR) submitted a proposal to acquire the remaining 42.59% shares in Aspen Technology, Inc. (NasdaqGS:AZPN) for $6.6 billion. Emerson Electric Co. (NYSE:EMR) submitted a proposal to acquire the remaining 42.59% shares in Aspen Technology, Inc. (NasdaqGS:AZPN) for $6.6 billion on November 5, 2024. Emerson submitted a proposal to the board of directors of Aspen to acquire all outstanding shares of common stock of AspenTech not already owned by the Company for $240 per share in cash. The proposal implies a fully diluted market capitalization for AspenTech of $15.3 billion and an Enterprise Value of $15.1 billion. The proposed transaction follows Emerson’s 55% majority investment in AspenTech, which was completed in 2022. Emerson currently owns approximately 57% of AspenTech’s outstanding shares of common stock. Upon completion of the transaction, AspenTech would become a wholly owned subsidiary of Emerson. The proposal is not subject to any financing condition and would be financed from cash on hand, committed lines of credit and/or other available sources of financing. Emerson expects the impact of this proposed transaction with synergies to be neutral to Adjusted EPS in fiscal 2025. Goldman Sachs & Co. LLC and Centerview Partners LLC are serving as financial advisors to Emerson, and Phillip R. Mills, Cheryl Chan, Travis Triano, Michael Mollerus, Corey M. Goodman, Frank J. Azzopardi, Ronan P. Harty and John B. Meade of Davis Polk & Wardwell LLP is serving as legal advisors. Tillkännagivande • Oct 25
Aspen Technology, Inc., Annual General Meeting, Dec 17, 2024 Aspen Technology, Inc., Annual General Meeting, Dec 17, 2024. Tillkännagivande • Oct 15
Aspen Technology, Inc. to Report Q1, 2025 Results on Nov 04, 2024 Aspen Technology, Inc. announced that they will report Q1, 2025 results After-Market on Nov 04, 2024 Tillkännagivande • Oct 08
Aspen Technology Launches Microgrid Management System to Help Customers Address Power Reliability and Meet Net-Zero Goals Aspen Technology, Inc. introduced the AspenTech Microgrid Management System (MMS), a solution for customers with heavy electrical power requirements in refining, chemicals, mining and other asset-intensive industries that manage their own on-site conventional and renewable power generation in orchestration with active load management and energy storage. Based on the company's proven AspenTech OSI Monarch SCADA platform, the solution empowers customers to maximize operational performance and accelerate net-zero goals. The capabilities delivered by AspenTech MMS are critical to high-energy consumers as the power grid is at a critical juncture with increasing energy demand, aging and at-capacity grid infrastructure, more severe weather events and increasing cybersecurity threats challenging its reliability and stability. As a result, industrial and commercial energy consumers are increasingly at risk for extended power outages, limitations in power consumption, and inability to meet renewable energy goals, all of which have cascading production and business impact, including delayed restarts, environmental penalties, reduced supply and increased end user costs. A part of AspenTech's Digital Grid Management suite, AspenTech MMS helps industrial customers address these challenges by providing enhanced power reliability with active, real-time management of power generation resources, including renewable energy and storage, improved situational awareness to maximize return on investment and enhanced cybersecurity to protect all critical loads. The solution also features a robust Industrial AI approach capable of forecasting power consumption and renewable generation up to 35 days in the future, enabling scheduling and optimization algorithms to maximize the use of generation resources while minimizing emissions and electricity costs. Additional standard AspenTech MMS features now available include: Real-time control, trending, alarming and reporting to ensure system reliability and incident response; Ability to optimize renewables together with traditional electricity generation and battery storage in balance with active load management; Forecasting and scheduling capabilities to enable peak shaving and optimized battery charging/discharging; Robust user interface with responsive data historian and reporting capabilities. Reported Earnings • Aug 07
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: US$0.15 loss per share (improved from US$1.67 loss in FY 2023). Revenue: US$1.13b (up 8.0% from FY 2023). Net loss: US$9.77m (loss narrowed 91% from FY 2023). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 71%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Tillkännagivande • Aug 07
Aspen Technology, Inc. (NasdaqGS:AZPN) announces an Equity Buyback for $100 million worth of its shares. Aspen Technology, Inc. (NasdaqGS:AZPN) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its shares. The program will be valid till fiscal year 2025. Tillkännagivande • Jul 17
Aspen Technology, Inc. to Report Q4, 2024 Results on Aug 06, 2024 Aspen Technology, Inc. announced that they will report Q4, 2024 results After-Market on Aug 06, 2024 Price Target Changed • Jul 02
Price target increased by 10% to US$220 Up from US$199, the current price target is an average from 8 analysts. New target price is 13% above last closing price of US$195. Stock is up 17% over the past year. The company is forecast to post a net loss per share of US$0.52 next year compared to a net loss per share of US$1.67 last year. Buy Or Sell Opportunity • Jul 01
Now 13% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.3% to US$198. The fair value is estimated to be US$229, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last year. Earnings per share has grown by 67%. Revenue is forecast to grow by 7.2% in a year. Earnings are forecast to grow by 2.5% in the next year. Buy Or Sell Opportunity • Jun 27
Now 22% overvalued Over the last 90 days, the stock has fallen 7.2% to US$198. The fair value is estimated to be US$162, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last year. Earnings per share has grown by 67%. Revenue is forecast to grow by 7.2% in a year. Earnings are forecast to grow by 2.5% in the next year. Tillkännagivande • May 16
Aspen Technology, Inc. Announces Board Changes Aspen Technology, Inc. announced that Robert Whelan, Jr. has been appointed to Chair of AspenTech’s Board of Directors (the “Board”). This follows the decision by Jill Smith to resign from the Board for personal reasons. Mr. Whelan became a member of the Board in 2011 and previously served as Board Chair from 2013 to 2021. Throughout his tenure on the Board, Mr. Whelan has helped guide the company into an established industrial software leader, including the strategic transaction with Emerson Electric Co. Mr. Whelan also serves as a member of the Board’s Human Capital and M&A committees. Mr. Whelan is a Non-Emerson Director under the Stockholders Agreement by and among AspenTech, Emerson Electric Co. and EMR Worldwide Inc., dated as of May 16, 2022 (the “Stockholders Agreement”), previously filed with the Securities and Exchange Commission. Additionally, under the Stockholders Agreement, David Henshall, who served as a Non-Emerson Director following his appointment in April 2024, was re-designated as an Emerson Director on May 11, 2024. The Board intends to conduct a search over the coming months for a Non-Emerson Designee director under the Stockholders Agreement. Major Estimate Revision • May 14
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$1.13b to US$1.11b. Losses expected to increase from US$0.38 per share to US$0.47. Software industry in the US expected to see average net income growth of 27% next year. Consensus price target down from US$195 to US$189. Share price rose 4.9% to US$207 over the past week. Reported Earnings • May 08
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$0.025 (up from US$0.89 loss in 3Q 2023). Revenue: US$278.1m (up 21% from 3Q 2023). Net income: US$1.56m (up US$59.2m from 3Q 2023). Profit margin: 0.6% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Tillkännagivande • Apr 30
Aspen Technology, Inc. Appoints David Henshall to Its Board of Directors Aspen Technology, Inc. announced that David Henshall has been appointed to its Board of Directors. Mr. Henshall most recently served as Chief Executive Officer at Citrix Systems, Inc., where he held executive roles for nearly twenty years. Mr. Henshall played a key role in accelerating Citrix’s cloud transition, modernizing the product portfolio to enable more than 11 million subscribers of the company’s SaaS services. Prior to his role as CEO, he served as Chief Operating Officer and Chief Financial Officer at Citrix, overseeing the company’s worldwide finance, operations, and administration organizations. Before joining Citrix, Mr. Henshall served as Chief Financial Officer of Rational Software Corporation, a software company acquired by IBM Corporation, and held various finance positions at Cypress Semiconductor Corporation and Samsung Semiconductor Corporation. An experienced public company board director, Mr. Henshall also actively serves as the Chairman of the board of directors of Everbridge, Inc., is a member of the board of directors HashiCorp, Inc. and Feedzai, Inc, and is a former member of the boards of directors of New Relic, Inc. and LogMeIn, Inc. He holds a bachelor’s degree in business administration from the University of Arizona and a master’s degree in business administration from Santa Clara University. Tillkännagivande • Apr 27
Aspen Technology, Inc. Introduces New Strategic Planning for Sustainability Pathways Solution Aspen Technology, Inc. introduced AspenTech Strategic Planning for Sustainability Pathways™? - a new and unique integrated modelling and optimization solution that aims to guide companies in carbon capture utilization and storage decision making and sustainability strategy investments. The AspenTech Strategic Planning solution was developed through a licensing agreement with Aramco, one of the world's leading integrated energy and chemicals companies. Based on this successful effort, AspenTech also announced that it is launching an expanded co-innovation program to bring together leading owner operators and EPC companies to collaboratively innovate a wider strategic planning solution portfolio to attempt to optimize across multiple sustainability pathways. As companies make significant investments in technologies to mitigate greenhouse gas emissions, AspenTech's Strategic Planning solution aims for these large capital investments to drive value and impact sustainability goals. They are also expected to support long-term operational performance objectives. Tillkännagivande • Apr 17
Aspen Technology, Inc. to Report Q3, 2024 Results on May 07, 2024 Aspen Technology, Inc. announced that they will report Q3, 2024 results After-Market on May 07, 2024 Major Estimate Revision • Feb 13
Consensus EPS estimates fall by 75% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$0.217 to -US$0.381 per share. Revenue forecast unchanged at US$1.13b. Software industry in the US expected to see average net income growth of 28% next year. Consensus price target broadly unchanged at US$214. Share price fell 2.8% to US$188 over the past week. Reported Earnings • Feb 07
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: US$0.34 loss per share (improved from US$1.02 loss in 2Q 2023). Revenue: US$257.2m (up 5.9% from 2Q 2023). Net loss: US$21.5m (loss narrowed 68% from 2Q 2023). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 113%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Tillkännagivande • Feb 07
AspenTech's Provides Earnings Guidance for the Year Ending June 30, 2024 AspenTech's provided earnings guidance for the year ending June 30, 2024. The company expects total revenue of at least $1.12 billion. GAAP operating loss at or better than $100 million. GAAP net loss at or better than $7 million. GAAP net loss per share at or better than $0.11. Tillkännagivande • Jan 17
Aspen Technology, Inc. to Report Q2, 2024 Results on Feb 06, 2024 Aspen Technology, Inc. announced that they will report Q2, 2024 results After-Market on Feb 06, 2024 Buying Opportunity • Nov 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.2%. The fair value is estimated to be US$229, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 11% in a year. Earnings is forecast to grow by 95% in the next year. Tillkännagivande • Nov 15
Aspen Technology, Inc. Introduces New Software Updates Enabling Customers to Achieve Advanced Levels of Operational Excellence Aspen Technology, Inc. introduced new performance and sustainability capabilities available in aspenONE®?, the company's portfolio of asset optimization solutions, spanning design, operations and maintenance. Designed to accelerate customer digitalization strategies and help customers achieve advanced levels of operational excellence, the new capabilities progress net zero initiatives, empower engineers with enhanced AI, improve asset health and performance, enable customers to achieve an integrated enterprise data management system and more. New aspenONE updates help customers more quickly develop and implement reliable, impactful sustainability solutions. Updates also enable customers to extract insights based on operational data from across the enterprise, resulting in reduced inefficiencies and improved operational performance. Key among the new updates are an expanded set of models incorporating AI, as well as a number of integrations providing comprehensive access to operational technology (OT) data. As customers progress toward their net zero goals, the ability to ensure accuracy in their sustainability solutions and tackle complex problems is critical. AspenTech's modeling capabilities address both these challenges with new and expanded updates, including: AspenTech's library of sustainability sample models now contains more than 140 options to drive faster time-to-market for new processes and technologies. Incorporating industrial AI, the models help overcome execution barriers for sustainability projects, improve economics and support investments. New high-fidelity models increase hydrogen and carbon capture model accuracy, extend from design into operations, and recalibrate based on changing process conditions. Support for green hydrogen initiatives is now available with out-of-the-box electrolyzer models that help ensure safe operations of key equipment. Integrated Enterprise Data Management: A holistic data management strategy is the foundation of ensuring a successful digital transformation journey. Customers need flexibility and scalability to access and analyze huge amounts of data being generated throughout their organizations. To further help achieve this, aspenONE now includes new integrations to help customers centrally manage enterprise OT data aggregation, including: AspenTech Inmation™?, the company's centralized data management system now seamlessly connects to its historical, Aspen InfoPlus.21®?, and its data visualization solution, aspenONE Process Explorer™? (A1PE), to more easily identify inefficiencies, bottlenecks and production challenges from across the organization. AspenTech's asset performance management solution, Aspen Mtell®?, now includes out-of-the- box integration with AspenTech Operational Insights™? that provides configurable dashboards to inform strategy, optimize resource allocation and improve performance. In addition, AspenTech Inmation®? provides native connectivity for quick integration with multiple, high volume data sources to enhance asset performance management and drive customers' reliability programs. Reported Earnings • Nov 07
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: US$0.54 loss per share (further deteriorated from US$0.17 loss in 1Q 2023). Revenue: US$249.3m (flat on 1Q 2023). Net loss: US$34.5m (loss widened 207% from 1Q 2023). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Tillkännagivande • Nov 07
Aspen Technology, Inc. Provides Earnings Guidance for the Fiscal Year Ending June 30, 2024 Aspen Technology, Inc. provided earnings guidance for the fiscal year ending June 30, 2024. For the year, the company expected total revenue of at least $1.12 billion; GAAP operating loss at or better than $100 million; GAAP net loss at or better than $7 million; GAAP net loss per share at or better than $0.11. Tillkännagivande • Oct 25
Aspen Technology, Inc., Annual General Meeting, Dec 14, 2023 Aspen Technology, Inc., Annual General Meeting, Dec 14, 2023, at 09:00 US Eastern Standard Time. Agenda: To elect the nominees of the Board, Patrick M. Antkowiak, Thomas F. Bogan, Karen M. Golz, Ram R. Krishnan, Antonio J. Pietri, Arlen R. Shenkman, Jill D. Smith and Robert M. Whelan, Jr., to the Board of Directors to hold office until the 2024 annual meeting of stockholders; to ratify the appointment of KPMG LLP as independent registered public accounting firm for fiscal year 2024; and to approve, on an advisory basis, the compensation of our named executive officers. Tillkännagivande • Oct 20
Aspen Technology, Inc. Announces Chief Financial Officer Changes Aspen Technology, Inc. announced that Chantelle Breithaupt has informed the Company that she will step down as Chief Financial Officer for another opportunity. Ms. Breithaupt will continue in her role through December 31, 2023. Christopher Stagno, who currently serves as SVP, Chief Accounting Officer, will assume the role of Interim CFO, effective January 1, 2024, should a permanent CFO not have been named. Mr. Stagno is an experienced financial executive with deep knowledge of AspenTech’s business and over 25 years of leadership in finance, including at various software companies. Prior to joining AspenTech in 2020, he served as Treasurer at Cognex Corporation, a provider of machine vision products, software and sensors used in automated manufacturing. Before that, he served in various finance roles, including the Interim CFO role at Brightcove Inc., a provider of cloud-based services for video, and Unica, an enterprise marketing software company. Tillkännagivande • Oct 17
Aspen Technology, Inc. to Report Q1, 2024 Results on Nov 06, 2023 Aspen Technology, Inc. announced that they will report Q1, 2024 results After-Market on Nov 06, 2023 Tillkännagivande • Sep 08
Aspen Technology, Inc. Announces Resignation of Robert E. Beauchamp as Member of Board of Director On September 1, 2023, Aspen Technology, Inc. received a notification from Robert E. Beauchamp of his resignation from his positions as a member of the Company’s Board of Directors (the “Board”) and a member of the Nominating and Corporate Governance Committee of the Board, effective September 2, 2023. Mr. Beauchamp stated that his resignation is for personal reasons and not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Reported Earnings • Aug 02
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: US$1.67 loss per share (down from US$1.73 profit in FY 2022). Revenue: US$1.04b (up 93% from FY 2022). Net loss: US$107.8m (down 252% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Tillkännagivande • Jul 12
Aspen Technology, Inc. to Report Q4, 2023 Results on Aug 01, 2023 Aspen Technology, Inc. announced that they will report Q4, 2023 results After-Market on Aug 01, 2023 Recent Insider Transactions Derivative • Jun 04
President exercised options to buy US$795k worth of stock. On the 30th of May, Antonio Pietri exercised options to buy 5k shares at a strike price of around US$83.15, costing a total of US$400k. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. Since June 2022, Antonio's direct individual holding has increased from 78.67k shares to 83.02k. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months. Tillkännagivande • May 06
Aspen Technology, Inc. (NasdaqGS:AZPN) announces an Equity Buyback for $100 million worth of its shares. Aspen Technology, Inc. (NasdaqGS:AZPN) announces a share repurchase program. Under the program, the company entered into an accelerated share repurchase agreement (“ASR”) with JPMorgan Chase Bank, National Association (“JPMorgan”) to repurchase up to $100 million worth of its shares. The final settlement of the ASR is expected to be completed in the first quarter of fiscal year 2024. Reported Earnings • Apr 29
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: US$0.89 loss per share (further deteriorated from US$0.09 loss in 3Q 2022). Revenue: US$229.9m (up 172% from 3Q 2022). Net loss: US$57.6m (loss widened US$54.4m from 3Q 2022). Revenue missed analyst estimates by 20%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 13
Consensus EPS estimates upgraded to US$0.062 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -US$0.12 to -US$0.062 per share. Revenue forecast steady at US$1.17b. Software industry in the US expected to see average net income growth of 12% next year. Consensus price target up from US$225 to US$231. Share price rose 7.5% to US$243 over the past week. Recent Insider Transactions • Mar 08
Executive VP & Chief Revenue Officer recently sold US$278k worth of stock On the 28th of February, Manish Chawla sold around 1k shares on-market at roughly US$215 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$874k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Mar 03
Executive VP & Chief Revenue Officer notifies of intention to sell stock Manish Chawla intends to sell 1k shares in the next 90 days after lodging an Intent To Sell Form on the 28th of February. If the sale is conducted around the recent share price of US$215, it would amount to US$278k. Since September 2022, Manish's direct individual holding has decreased from 648.00 shares to 305.00. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Feb 08
Consensus EPS estimates fall by 33% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -US$0.09 to -US$0.12 per share. Revenue forecast unchanged at US$1.17b. Software industry in the US expected to see average net income growth of 8.6% next year. Consensus price target of US$225 unchanged from last update. Share price was steady at US$209 over the past week. Tillkännagivande • Jan 27
Aspen Technology, Inc. Provides Earnings Guidance for the Fiscal Year 2023 Aspen Technology, Inc. provided earnings guidance for the fiscal year 2023. For the period, the company expects Total revenue of $1.14 to $1.20 billion, GAAP operating loss of $67 million to $15 million, GAAP net loss of $7.5 million to net income of $32.5 million and GAAP net loss per share of $0.11 to income per share of $0.49. Reported Earnings • Jan 26
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: US$1.02 loss per share (further deteriorated from US$0.021 loss in 2Q 2022). Revenue: US$242.8m (up 197% from 2Q 2022). Net loss: US$66.2m (loss widened US$65.4m from 2Q 2022). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates significantly. 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. Tillkännagivande • Jan 12
Aspen Technology, Inc. to Report Q2, 2023 Results on Jan 25, 2023 Aspen Technology, Inc. announced that they will report Q2, 2023 results on Jan 25, 2023 Recent Insider Transactions Derivative • Dec 02
Senior VP exercised options and sold US$196k worth of stock On the 30th of November, Frederic Hammond exercised 2k options at a strike price of around US$145 and sold these shares for an average price of US$224 per share. This trade did not impact their existing holding. Since June 2022, Frederic's direct individual holding has increased from 19.37k shares to 20.15k. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Nov 25
President notifies of intention to sell stock Antonio Pietri intends to sell 126k shares in the next 90 days after lodging an Intent To Sell Form on the 21st of November. If the sale is conducted around the recent share price of US$234, it would amount to US$29m. For the year to June 2022, Antonio's total compensation was 3% salary and 97% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2022, Antonio's direct individual holding has increased from 78.67k shares to 170.25k. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Nov 18
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 losses forecast to reduce from -US$0.62 to -US$0.28 per share. Revenue forecast steady at US$1.17b. Software industry in the US expected to see average net income growth of 11% next year. Consensus price target of US$258 unchanged from last update. Share price was steady at US$240 over the past week. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.