EPS of $0.03 missed estimates of $0.0687 and revenues of $41.19M beat estimates of $37.96M. SaaS revenue rose by 44% and total sales grew by 20%. Its gross margins grew from 44% to 45% and net profits shrunk from ~$2.6M in the prior year to $0.4M in the current quarter, largely due to income tax expense in the current quarter against a tax credit in the prior year. Management is guiding for 10% to 15% sales growth, 35% to 37% SaaS revenue growth, and 6% Adjusted EBITDA margin for FY2024. Despite the earnings miss, this was a strong quarter for the company and the stock is reacting well to the news.
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