Q: Could I have your assessment of Copperleaf’s earnings
Thank-you.
Thank-you.
5i Research Answer:
CPLF beat EPS estimates in Q4 of a loss of 13c coming in at 8c instead. Revenue also beat forecasts of $20.99M, coming in at $21.2M and displayed growth of 10.7%. Order backlog stood at $139.5M at the end of the quarter, up from $107.3M a year prior. CPLF saw 30% year-over-year increase in Annual Recurring Revenue and a 21% year-over-year increase in subscription revenue in Q4. This was a good quarter on the demand front and it was nice to see CPLF beat estimates, however losses continued to widen from the year prior which we do not like.