Post by
Nedward on Sep 14, 2021 6:40pm
Q4 looks good
Top line is really good, 112.6 M (high estimate was 105 M)
EPS of 0.07 (average estimate was 0.02 and high estimate 0.09)
Spark revenue increased 81% (That's good, better than the 50 % Eric said last quarter, but quite easy to beat considering it was only 6.5 M last year)
I'm quite happy with those results ! Last time I was happy it went down hard lol let's hope this time it goes up !!
Comment by
Andrew1111 on Sep 14, 2021 6:45pm
The guidance for 2022 is a big improvement on this year too "we expect revenue of approximately $480.0 million to $500.0 million and adjusted EBITDA between $87.0 million to $93.0 million in Fiscal 2022"
Comment by
Nedward on Sep 14, 2021 6:47pm
Yes ! I was just going to send something about that. They are good but still conservative I think.
Comment by
Nedward on Sep 14, 2021 6:52pm
Damn ... Q4 2021 views were 6.6 bilion vs 11.6 bilion in Q4 2020. Quite a big drop. Obviously it is because of COVID, but is crazy that they did 81 % increase in sales while being down like 40 % in views.
Comment by
Andrew1111 on Sep 14, 2021 6:59pm
Yeah, the drop in views doesn't translate into less money. Plus, the views are still impressive and I believe they're going up compared to pre covid
Comment by
Nedward on Sep 14, 2021 7:04pm
Net leverage ratio was 5.94 in Q3 2021 it is now 5.71 in Q4 2021. Quite a good improvement.
Comment by
bigbaddude on Sep 14, 2021 8:29pm
I like seeing the 7.3% CAGR on revenue over 3 years based on the mid point of the guidance -- start of a very healthy trend. If they keep up the growth rate for 2022 to the mid point of the guidance (8.2% between 2021 to 2022) they'll be at >620M in rev by 2025... if they continue to accelerate growth, sky is the limit
Comment by
wagyusteak on Sep 14, 2021 9:32pm
A bit conservative, i guess. look at their consumer products. Peanuts is growing like crazy. 2022 will have more peanuts content on Apple and Sonic on Netflix too.
Comment by
Andrew1111 on Sep 15, 2021 9:53am
The analysts are meeting with management today at 10AM EST. Some will release ratings on it today after that meeting
Comment by
Pirmin on Sep 15, 2021 10:36am
Mgmt is sounding very bullish and very confident
Comment by
wagyusteak on Sep 15, 2021 11:29am
Not too many analysts participated in the call. Probably they are waiting for the analyst's day
Comment by
Nedward on Sep 16, 2021 8:45am
Have there been increases in the price target since yesterday ?
Comment by
Pirmin on Sep 16, 2021 9:24am
Cormark's McFadgen, who has been a bear, just increased target to $3.30
Comment by
wagyusteak on Sep 16, 2021 9:31am
Canacord: 2.9 to 3.1 (hold) Scotia Capital: 3.4 to 3.6 (sector perform) BMO: 3 to 3.5 (market perform) National Bank: 3.75 to 4 (outperform) RBC: maintained @ 3 (sector perform)
Comment by
Andrew1111 on Sep 16, 2021 9:58am
Cool, thanks! Pretty sure there'll be another round of upgrades after the investor day event. Plus Q1 will be in about two months, sounds like it'll be a good one too. I think Ellenbogen will be getting that $5 stock bonus pretty soon.
Comment by
wagyusteak on Sep 14, 2021 7:25pm
Look at the view per minute. it's going up which says that kids like Spark's channel and spend more there than other channels.
Comment by
wagyusteak on Sep 14, 2021 7:29pm
Q1 2022 guidance for Spark is growing at least 60%. LOL
Comment by
Nedward on Sep 14, 2021 8:25pm
What are your expectations for tomorrow ?
Comment by
bigbaddude on Sep 14, 2021 8:33pm
it sometimes takes 2 days, but I'd expect $3.30 or more by end of day Thursday.
Comment by
downwithdotcom1 on Sep 14, 2021 8:43pm
Wow, i really like these results and the future looks very bright indeed..this may attract some momentum investing going forward..dwdc
Comment by
Nedward on Sep 14, 2021 8:48pm
Ya they did better then expected at every level. I'm really happy with the results. I think it could go up 15 % this week.