Another View of ResultsAll systems firing. GLTA
EPS of $0.61 beat estimates of $0.257 and revenues of $98.48M missed estimates of $99.23M. Adjusted EBITDA grew 87% year-over-year to $21.1M, beating estimates of $13.6M. Revenues grew by 44% for the year and the company guided for total revenue of $420M to $430M and an Adjusted EBITDA margin of 13% to 15% for the full year. This guidance reflects ongoing revenue growth acceleration in SaaS, despite its currency headwinds. The company grew its customer base by 40% and management is quite optimistic about its strong momentum heading into 2023. KXS expanded its balance sheet, executed well on managing costs, and expects SaaS revenue growth of 25% to 27% for FY2023. We consider these to be strong results and feel that investors should be happy with the company's continued growth in its customer base and improvement in operational efficiencies. (5iResearch)