03-13-2019, 06:53 AM
So far so good:
- Dollar net retention rate of 214%, that is, customers on average more than double their first contract.
- Revenue guidance $105M-$115M, that is, the shares are selling at less than 4x sales.
- non-GAAP 2018 EPS of $0.09, that's a bit of a surprise. No 2019 EPS guidance, but they might be able to improve that quite a bit.
- Here is why: Q4 revenue per employee was a whopping $415K, up 78% y/y despite Artilium acquisition. There is terrific leverage in the operating model.
That is, this could actually become an earnings story a little sooner than we assumed..