Post by
prophetoffactz on Mar 29, 2023 8:54am
Always a long wait...
Always a long wait until the annual audited financials; but then they come and the Q1 report is just one month later. We are all caught up. At the end of Nov. SPN reported:
"We exited the period with clear visibility for continued strong year-over-year growth, despite a market that is beginning to face headwinds. Historically, economic environments such as the current one mean greater competition facing Fortune 500 clients, and thus a greater need to promote their products and stay top of mind with consumers. We are observing this positive trend in conversations with our customer base who continue to see the value proposition of our platform and explore new ways to elevate their loyalty initiatives."
"We appreciate the sensitivity to margins that Gambit growth is having on the business as a whole and are diligently reviewing optimization strategies going forward. We expect fourth quarter margins to be in line with those reported during the third quarter. We are also confident Gambit can continue to grow rapidly in the quarters ahead and are excited about our new growth initiatives in development at this time," said Atul Sabharwal, Founder & CEO."
SPN hasn't provided preliminary numbers as in the past which may be spooking the market. Soon we should have more clarity.