Posts in category All News
Stock market update: Mining stocks down as market rises (09-07-2024)
Australian Stocks End Higher (09-07-2024)
G.M. Breweries records 25% YoY rise in Q1 PAT (09-07-2024)
Nikkei Gains 1.96% To Hit Record High (09-07-2024)
Nifty July futures trade at premium (09-07-2024)
Stock market update: Nifty Auto index advances 2.23% (09-07-2024)
Pound Speculators Net Longs At Three And Half Month High (09-07-2024)
Iris Business Services – Emerging SAAS Microcap (09-07-2024)
Workiva (a much bigger competitor) released their Q1 earnings sometime ago:
- Regulations across the globe
Note: They don’t mention that the SEC climate disclosure rules are currently stuck in legal battle and hence are on stay
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Their new customer growth is relatively slow (6% new logos, ~10 new subscription sales from them) but they’re a retention behemoth! 98% GDR is out of this world for a company of their size and showcases the major fact that once you acquire a customer in this segment, they will stick with you.
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They have been able to drive a majority of their growth by capturing existing customer’s wallet share
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Even with lower CAC, their operating margins are just ~3%. Look at how much they’re spending on Marketing. This is where Iris can struggle because they don’t have anywhere near the capital to spend on marketing.
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Plus they’re loss making (which is decreasing YoY) at 10% loss in 2024 YTD so far