Q: comment on earnings please.
5i Research Answer:
EPS of $0.365 beat estimates of $0.311 and revenues of $75.0M beat estimates of $73.218M. Sales grew 19% driven by higher subscription revenue and customer retention. Adjusted EBITDA margins expanded from 9.7% for the same period in the prior year to 15.7%. Management noted advancements in its platform and scaling of its international operations as key drivers for sustainable growth. Its valuation is not cheap, trading at 39X forward earnings, but growth rates are good, and it is expecting to continue expanding its margins. We feel these were good results.