Bullboard - Stock Discussion Forum Coveo Solutions Inc T.CVO

Alternate Symbol(s): CVOSF

Coveo Solutions Inc. is Canada-based company. Its software-as-a-Service (SaaS) artificial intelligence (AI) platform and suite of AI and generative AI models are designed to transform digital experiences across commerce, service, website, and workplace applications. Its AI platform connects to internal sources of content along with a variety of external sources to retrieve and index structured... see more

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Coveo Solutions Inc > Earnings Analysis

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Post by retiredcf on Feb 12, 2023 8:58am

Earnings Analysis

EPS was a loss of 10c vs a loss of 8c expected. Revenue of $28.5M was 2% better than estimates. EBITDA was still negative, but much better than expected. A couple of brokers have raised target prices this month. SaaS revenue grew 25%. Total revenue grew 23%. Margins also improved. It has $208M cash and cash flow is getting closer to positivity. Growth looks good here. The stock is still not doing much, but with CVO having some AI exposure maybe investors will pay more attention this year. It is still not 'cheap' but we think the fundamentals are moving in the right direction here. (5iResearch)

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