Exchange: | NYSE |
Market Cap: | 691.822M |
Shares Outstanding: | 160.889M |
Sector: | Technology | |||||
Industry: | Software – Application | |||||
CEO: | Mr. Tao Yang | |||||
Full Time Employees: | 778 | |||||
Address: |
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Website: | https://yallagroup.com |
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Operator: Good morning, and good evening, ladies and gentlemen. Thank you for standing by for Yalla Group Limited Third Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. After management’s prepared remarks. After management’s prepared remarks, there will be a question-and-answer session. Today’s conference call is being recorded. Now, I will turn the call over to your speaker host today, Kerry Gao, IR Director of the company. Please go ahead.
Kerry Gao: Hello, everyone, and welcome to Yalla's third quarter 2024 earnings conference call. We released our earnings press release earlier today, and the release is now available on our IR website, as well as our Newswire outlets. Before we continue, please note that the discussion today will contain forward-looking statements made under the Safe Harbor provision of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our future results may be materially different from the views expressed today. Further information regarding these and other risks and uncertainties is included in our earnings release and our annual report filed with the SEC. Yalla does not assume any obligation to update any forward-looking statements except as required by law. Please also note that Yalla's earnings release and this conference call include a discussion of unaudited GAAP financial information, as well as unaudited non-GAAP financial measures. Yalla's press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited most directly comparable GAAP measures. Today, you will hear from Mr. Tao Yang, our Chairman and Chief Executive Officer, who will provide an overview of our latest achievements and growth strategies. He will be followed by Mr. Saifi Ismail, the company's President, who will briefly review our recent business developments. Mrs. Karen Hu, our Chief Financial Officer, will then provide additional details on the company's financial results and discuss our financial outlook. Following management's prepared remarks, we will open the call to questions. Mr. Jeff Xu, our Chief Operating Officer, will join the Q&A session. With that said, I would now like to turn the call over to our Chairman and Chief Executive Officer, Mr. Tao Yang. Please go ahead, sir.
Tao Yang: Thank you, everyone, for joining our third quarter 2024 earnings conference call. We are thrilled to report a robust third quarter marked by record marked by record high revenues and enhanced profitability. Our third quarter revenues grew to US$88.9 million, beating the upper end of our guidance by 8%, while our net income increased by 11.2% year-over-year to US$39.2 million behind this impressive performance with our continued commitment to deepening our localization capabilities, which enabled us to keep rolling out new gamification features and operating events that fulfill media usage social and Entertainment needs. Driving quality revenue growth while where including operating efficiencies has been a key company objective this year. To that end, the team has consistently refined operational procedures and optimized user acquisition strategies over the past several quarters. Moving forward, we will remain focused on user experience and product excellence in reaching our product ecosystem and pursuing high quality attainable developments. MENA’s digital transformation has drove a record year this year drawing the series of global attention talent and investment. We have seen gaming emerge as one of the critical drivers of this digital transformation. – countries by introducing supportive policies and initiatives to facilitate this development of the gaming and involved sectors. In this summer, the Esports World Cup put Saudi Arabia in the Global Spotlight for gamers and industry professionals worldwide. With over 1,500 players worldwide competing a clubs, multiple games for a record-breaking USD16 million. The event showcased key in a country's policy commitment to the gaming industry and their infrastructure capacity for large scale events as a crucial growth market for the global gaming industry. Mena still holds immense potential for further development, which is gradually being unleashed. Looking at the Group’s business, Gaming Services now a revenue contributor was growing in importance within our Group. The proportion of revenues attributable to Gaming Services has surpassed 30% over the past few years. In addition, Our keen insight to MENA’s gaming industry dynamics have led to our corrective entry into the mid-core and hard-core game markets with Yalla Games. We currently have several staff development in the mid-core hard-core game and expect to begin testing some of them by year end. Our product development and relief schedules are designed to bring premium Polish games to markets at optimal time to capture their corresponding user base and market share. And we look forward to seeing this new initiative per batch growth in the upcoming event. Expanding with casual games to mid-core and hard-core games is a milestone. Now to speak, we are committed to elevating Yalla Games standing in mid-core and hard-core game markets. Capitalizing on our world of experience in know how in casual games to drive success guided by Yalla’s core organizational manual some newer treatments especially the last two letters for info and target, we will continue to refine every Yalla Game product by taking a straightforward and pragmatic approach. We are confident that we can engage our loyal users in the region whom use it for nearly a decade with high quality games along with the Yalla brand while also leveraging this new game to building and Yalla Group’s product ecosystem and market reach. In conclusion, we are pleased to rollout our digital transformation initiatives across many of our countries in gathering unlocking the market’s growth potential. As a largest online social networking and gaming platform in MENA we will see every opportunity to contribute to this transformation and the economic developments of the region with strong business fundamentals and increasingly robust product ecosystem, we have full capital targeted in our ability to expand our role in the region's evolution. Now I will turn this call over to our President, Saifi Ismail for a closer look at our recent developments.
Saifi Ismail: Hello everyone. Thanks for joining us today. Let's move on to our third quarter operations, and the performance of our products. We continued to broaden our user base. Thanks to our strong execution of effective user acquisition strategy. Our average monthly active users grew to 40.2 million, up 14.5% year-over-year. As we dedicated to enhancing our products gamification and user experience, our paying users increased to 12.6 million, up, 12% year-over-year. During the quarter, our products demonstrated remarkable strength with Yalla Ludo and 101 Okey Yalla, both setting new quarterly revenue records. We were delighted to reach new heights within our casual game metrics and look forward to replicating the Yalla Ludo's success with other products. As we advance the company's developments, we continue to identify and create products with deep cultural roots that attract a strong user base in MENA, while keeping a close eye on market dynamics and user changing needs. Our highly skilled team pushed a profound understanding of MENA users their preferences empowering the consistent development of products, as well as online and offline events with enduring appeal. For instance, this quarter we expanded the regional footprint of our Ludo Champion Offline Tournament Series. Our team not only hosted two tournaments in Abu Dhabi and Egypt, but also teamed up with the UAE Esports Federation to host an additional Yalla Ludo Offline Tournament in Abu Dhabi. This steady stream of offline event has deepened our brand awareness, solidifying the Yalla Ludo’s industry leadership, while also meeting MENA users’ entertainment needs. We will continue to cooperate with local and global industry participants to increase user engagement and facilitate development across MENA’s gaming industry. We also upgraded Yalla our flagship products with a diverse array of fresh features. We were pleased to see Yalla users investing the significant time and gain currency into our engaging on-trend activities. This quarter, we embedded a Crazy Soccer game in Yalla’s chat room tapping into this soccer frenzy currently sweeping the Middle East, chat room, users compete in teams and make plays by sending messages and Gifts in the chat room, posturing stronger social ties and deeper user engagement. On a related note, I was honored to be invited for an interview this quarter by Pocket Gamer, a globally, recognized media leader in the mobile gaming industry, celebrated for its cutting-edge news and insights. We delved into the emerging trends shaping MENA’s social networking and gaming industry during our in-depth exchange with a particular focus on the crucial importance of content localization. We are grateful to Pocket Gamer for this opportunity and its recognition of Yalla Group’s leadership in MENA’s social networking and gaming industry. As a leading MENA-based Internet company, we remain dedicated to creating social and economic value by enhancing digital lifestyle and advancing the region's digital transformation. To sum up, as MENA’s leader in online, social networking and gaming, we will continue delivering high quality products, and services to our users, while playing an active role in the region's digital transformation. We are poised to broaden our business horizon and enhance external collaboration, consistently elevating our brand’s influence. And as always, we will stay true to our vision to become the largest online social networking and entertainment platform in the MENA region. With that, I will now turn the call over to our CFO, Karen, who will discuss our key financial and operational results.
Karen Hu: Thank you, Saifi. Hello, everyone. Thank you, for joining us today. During the third quarter, we continue to execute high quality growth strategies, leading to our revenues reaching an all-time high. We also continue to boost the efficiency and operating leverage. As a result, we enhanced our profitability with expanded net margin of 44.1% and excluding share-based compensation, non-GAAP net margin of 47.9%. Our fundamentals remain solid strongly supporting our current business operations, as well as our investments in further developments. We will continue to pursue high-quality sustainable development creating long-term value for all our stakeholders. Let's move on to our detailed financials for the third quarter of 2024. Our revenues were US$88.9 million in the third quarter of 2024, a 4.4% increase from US$85.2 million in the third quarter of last year. The increase was primarily driven by our broadening user base and enhanced monetization capability. This growth was also partially attributable to the significant increase in the number of paying users, which grew to US$12.6 million in the third quarter of 2024 from US$11.2 million in the third quarter of 2023. Now let's take a look at our costs and expenses. Our total costs and expenses were US$56.4 million in the third quarter of 2024, a 6.9% increase from US$52.8 million in third quarter of last year. Our cost of revenues was US$31.8 million in the third quarter of 2024, a 14.6% increase from US$27.8 million in the same period last year, primarily due to higher commission fees paid to third-party payment platforms as a result of increasing revenues generated. Cost of revenues as a percentage of total revenues increased to 35.8% in the third quarter of 2024 from 32.6% in the third quarter of last year. Our selling and marketing expenses were US$7.4 million in the third quarter of 2024, a 34.9% decrease from US$11.3 million in the same period last year primarily driven by our more disciplined advertising and promotion approach. Selling and marketing expenses as a percentage of total revenue decreased to 8.3% in the third quarter of 2024 from 13.3% in the third quarter of last year. Our general and administrative expenses were US$10.1 million in the third quarter of 2024, a 38.3% increase from US$7.3 million in the same period last year, primarily due to an increase in the incentive compensation. GA expenses as a percentage of our total revenues increased to 11.4% in the third quarter of 2024 from 8.6% in the third quarter of last year. Our technology and product development expenses were US$7.1 million in the third quarter of 2024 a 11.1% increase from US$6.4 million in the same period of last year, primarily due to an increase in salaries and benefits for our technology and product development starts. Technology and product development expenses as a percentage of total revenues increased to 8% in the third quarter of 2024 from 7.5% in the third quarter of last year. As such, our operating income remain relatively stable at US$32.5 million in the third quarter of 2024. Our interest income was US$7.8 million in the third quarter of 2024, compared with US$5.6 million in the third quarter of last year, primarily due to an increase in interest rates applicable to the company's bank deposits. Our income tax expenses was US$1.29 million in the third quarter of 2024, compared with US$0.71 million in the third quarter of last year. The increase was primarily due to the introduction and the implementation of UAE's Corporate Tax Law, which is effective for the financial years starting on or after June 1, 2023. As a result of foregoing our net income was US$39.2 million in the third quarter of 2024 a 11.2% increase from US$35.2 million in the third quarter of last year. Turning to our liquidity and capital resources. Our cash position remains solid. As of September 30, 2024, we had cash and cash equivalents, restricted cash, term deposits and short-term investments of US$570.1 million, compared with US$535.7 million as of December 31, 2023. Under our US$150 million share repurchase program that began May 21, 2021 and has since been extended by our Board through May 21, 2025. We had repurchased . 1,736, 383 ADS or Class A ordinary shares in the open market cash repurchases, totaling approximately US$7 million in the third quarter of 2024. Cumulatively, we have repurchased US$ 5,709,259 ADS or Class A ordinary shares in the open market cash repurchases totaling approximately US$42.5 million as of September 30, 2024. Moving to our outlook. For the fourth quarter of 2024, we expect our revenues to be between US$77 million and US$84 million. The above outlook is based on the current market conditions and reflects the Company’s management’s current and preliminary estimates of market and operating conditions and customer demands, which are all subject to change. This concludes our prepared remarks for today. Operator, we are now ready to take questions.
Operator: [Operator Instructions] Thank you very much. We will now begin our question and answer session. [Operator Instructions] Today's first question comes from Xueqing Zhang with CICC. Please go ahead.
Xueqing Zhang: Thanks management for taking my question. Congratulations on another solid quarter. I have two questions. The first one is about game business. Can management share more information about your new game products, such as testing and launching, schedules and how does management see all the performance of game business in 2025? And my second question is about flagship products. Regarding flagship products, how we have seen some new pin play attempts on Yalla this year. Can management share your strategies for our Flagship products moving forward? And what's the change for Flagship products in Q4 and next year? Thank you.
Saifi Ismail : Thank you, Xueqing for your question. I'll be taking the first one and leave the second to our CEO Mr. Tao Yang. Currently, we have three new self-development mid-core games in our pipeline. Some of these will enter testing Q4 2024. After collecting user feedback and then refining the products, we will start promoting them at scale. Looking ahead as a game business in 2025, first of all, we expect Yalla Ludo’s performance to remain strong and stable with single-digit percentage growth next year. Besides that, more upsides or additional growth will come from our new products as mentioned, as well as potential external collaborations. We will provide more accurate guidance on that after we get a better sense of their product potential from the testing. Thank you.
Tao Yang : Good morning, Xueqing. This is Tao. Regarding our flagship products, as you mentioned, we upgraded Yalla with the diverse areas of fresh features with projects we will continue to rollout new features with Yalla during the last of 2024 and into 2025. We get a Ludo. We will also keep launching interactive operational events and maybe even new game play to boost user engagements. In terms of our revenue growth, we are confident that in 2025, both structured products will maintain their current scale and have the potential to achieve single-digit-growth. Hope this answers your question. Thank you, Xueqing.
Operator: Thank you. The next question comes from Chenghao Li with CICC. Please go ahead.
Chenghao Li : Hi management. Thanks for taking my question and congratulations on a robust quarter. My question is about our game business regarding casual game products, we mentioned that Yalla Ludo and the 101 Okey Yalla both achieving new quarterly revenue records. Could management elaborate more on drivers of growth on these two products? Thank you.
Saifi Ismail : Thank you., Chenghao. This is Saifi. I will answer your question. So, overall, our consistent efforts to optimize user experience and refine operational procedures have paid off. In the second half of the quarter, user info statistically appreciated the Yalla Ludo diverse operational event. Meanwhile, Yalla Ludo once again successfully held two offline tournaments, further strengthening our brand's local impact. Regarding 101 Okey Yalla it has been deeply involved in the Turkish market for a few years now. And our team has been constantly enhancing the user experience. One of the new features we launched this quarter has gained excellent feedback, which I believe underscores our long-term localization capability and deep understanding of our user needs. Thank you.
Operator: Thank you. The next question comes from Sarah Hu with Haitong International. Please go ahead.
Sarah Hu : Hello management. Thank you, for taking my questions, and congratulations on a solid quarter. So, can management give us an update on the shareholder return? Thank you.
Karen Hu : Hello, Sarah. Morning. This is Karen. I will answer your question. Yalla is committed to return value to shareholders through our share repurchase program. This quarter, we repurchased more than 1.7 million ADS in the open market for an aggregate amount of approximately US$7 million. As of September 30, 2024, we had deployed a total of US$42.5 million for share repurchases. Given our solid fundamentals, we will continue to conduct our share repurchase program, while considering cash dividend payments in due course. We will keep you posted if we have more updates. In short, we believe strongly in Yalla’s long-term potential and dedicate to generating value for all parties involved. I hope this answers your question. Thank you.
Operator: Thank you. The next question is from Kaifang Jia with CITIC. Please go ahead.
Kaifang Jia : Hi management. Thanks for taking my question and congratulations for a solid quarter. So could management share about any updates about the external cooperation and expansion into new areas? Thank you.
Tao Yang : Good morning, Kaifang. Thank you for the question. With MENA’s ongoing digital transformation, and our company’s people local rules and business development experience in the region, Yalla has begun engaging in more discussions with top tier overseas Internet companies interested in exploring this market. When will take in, we will take pride in our localization utilization capabilities and potential productive, which position us well to assist in the development of localized content, as well as game distribution in the MENA region. In terms of our workers, social networking and gaming remain our core focus areas. To address your second question, while the Middle East market remains our traveling focus as we've consistently enter sites, we have already gained a certain level of users in Europe, in South America and Southeast Asia, if in the future, we see new products with suitable content, we may consider conducting global promotions. Thank you, Kaifang.
Operator: Thank you. The next question is from Rachel Guo with Nomura. Please. Go ahead.
Rachel Guo : Hi hello. Thanks to management for giving me this opportunity to ask the question. My question is about your margin. How do we think about your margin trend in the fourth quarters of 24? Thank you.
Karen Hu : Hi, Rachel. Thanks for your questions. Regarding our profitability for Q4, as we continue to improve our operating efficiency, we are confident that we can maintain our net margin of the 40% level and post - potentially reach around the 45%. Hope this answers your question. Thanks,
Operator: As there are no further questions now, I would like to turn the call back over to management for closing remarks.
Kerry Gao: Thank you once again for joining us today. We look forward to speaking with you in the next quarter. If you have further questions, please feel free to contact Yalla’s Investor Relations, or Piacente Financial Communications. Both parties’ contact information is available in today's press release, as well as on our company website. Thank you.
Operator: This concludes today's conference call. You may now disconnect your lines. Thank you.
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(* All numbers are in thousands)
Fiscal Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenue | 42,371.174 | 63,464.574 | 134,927.410 | 273,134.908 | 303,603.522 | 318,876.376 |
Cost Of Revenue | 13,847.509 | 20,553.319 | 61,270.887 | 95,144.945 | 113,808.128 | 114,526.747 |
Gross Profit | 28,523.665 | 42,911.255 | 73,656.523 | 177,989.963 | 189,795.394 | 204,349.629 |
Research And Development Expenses | 853.127 | 1,597.658 | 5,221.124 | 14,286.120 | 24,575.485 | 25,804.995 |
General And Administrative Expenses | 1,629.539 | 4,120.693 | 42,974.825 | 38,271.252 | 36,582.626 | 36,808.454 |
Selling And Marketing Expenses | 5,686.290 | 8,250.130 | 21,701.852 | 42,404.862 | 49,939.683 | 45,382.752 |
Selling General And Administrative Expenses | 7,315.829 | 12,370.823 | 64,676.677 | 80,676.114 | 86,522.309 | 82,191.206 |
Other Expenses | 0 | 0 | -99.277 | -1,419.837 | -322.273 | 0 |
Operating Expenses | 8,168.956 | 13,968.481 | 69,798.524 | 93,542.397 | 110,775.521 | 107,996.201 |
Cost And Expenses | 22,016.465 | 34,521.800 | 131,069.411 | 188,687.342 | 224,583.649 | 222,523.375 |
Interest Income | 144.565 | 390.227 | 202.474 | 111.881 | 3,300.976 | 19,833.520 |
Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation And Amortization | 25.586 | 173.611 | 262.187 | 850.383 | 1,133.112 | 2,015.324 |
EBITDA | 20,380.295 | 29,534.381 | 4,336.705 | 83,878.104 | 82,771.498 | 98,369.513 |
Operating Income | 20,354.709 | 28,942.774 | 3,758.722 | 83,027.729 | 78,697.600 | 96,354.189 |
Total Other Income Expenses Net | 150.277 | 417.795 | 315.745 | 1,586.542 | 2,939.228 | 19,389.271 |
income Before Tax | 20,504.986 | 29,360.569 | 4,074.467 | 84,614.271 | 81,636.828 | 115,743.460 |
Income Tax Expense | 263.363 | 435.766 | 861.081 | 2,019.911 | 2,598.983 | 2,685.456 |
Net Income | 20,241.623 | 28,924.803 | 3,213.386 | 82,600.678 | 79,756.797 | 117,342.777 |
Eps | 0.280 | 0.220 | -0.020 | 0.560 | 0.520 | 0.740 |
Eps Diluted | 0.270 | 0.220 | -0.020 | 0.460 | 0.450 | 0.650 |
Weighted Average Shares Outstanding | 73,394.506 | 124,630.130 | 91,755.810 | 148,739.986 | 153,526.679 | 159,264.843 |
Weighted Average Shares Outstanding Diluted | 73,648.818 | 124,630.130 | 91,755.810 | 179,899.466 | 176,639.558 | 181,800.240 |
Currency | USD | USD | USD | USD | USD | USD |
(* All numbers are in thousands)
Fiscal Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Cash And Cash Equivalents | 17,016.700 | 45,302.622 | 236,883.282 | 351,485.602 | 407,256.837 | 311,883.463 |
Short Term Investments | 1,805.065 | 4,229.926 | 766.295 | 2,906.344 | 45,788.304 | 223,387.830 |
Cash And Short Term Investments | 18,821.765 | 49,532.548 | 237,649.577 | 354,391.946 | 453,045.141 | 535,271.293 |
Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory | 0 | 0 | 0 | 0 | -24,181.919 | 0 |
Other Current Assets | 2,295.159 | 3,930.306 | 15,725.424 | 21,957.230 | 28,652.840 | 33,873.676 |
Total Current Assets | 21,116.924 | 53,462.854 | 253,375.001 | 376,349.176 | 481,697.981 | 569,144.969 |
Property Plant Equipment Net | 201.287 | 453.923 | 1,241.756 | 2,690.426 | 4,071.977 | 3,965.694 |
Goodwill | 0 | 0 | 0 | 0 | -1,327,141.530 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 1,328,470 | 1,133.715 |
Goodwill And Intangible Assets | 0 | 0 | 0 | 0 | 1,328.470 | 1,133.715 |
Long Term Investments | 7.339 | 7.339 | 0 | 1,768.455 | 3,833.750 | 51,693.064 |
Tax Assets | 0 | 0 | 0 | 0 | 0 | 19 |
Other Non Current Assets | -7.339 | 192.660 | -1,241.756 | -4,458.881 | 15,406.078 | 13,015.942 |
Total Non Current Assets | 201.287 | 653.923 | 1,241.756 | 4,458.881 | 24,640.275 | 69,808.434 |
Other Assets | 0 | 0 | 0 | 0 | 0 | 9.317 |
Total Assets | 21,318.211 | 54,116.777 | 254,616.757 | 380,808.057 | 506,338.256 | 638,962.720 |
Account Payables | 432.645 | 724.487 | 1,573.784 | 4,392.330 | 5,382.276 | 928.055 |
Short Term Debt | 0 | 0 | 0 | 472.734 | 858.452 | 1,153.691 |
Tax Payables | 184.594 | 721.857 | 709.001 | 976.428 | 1,426.024 | 1,502.539 |
Deferred Revenue | 3,439.418 | 6,010.874 | 13,359.827 | 24,971.203 | 35,957.485 | 0 |
Other Current Liabilities | 3,856.152 | 854.672 | 18,799.312 | 38,890.909 | 21,395.143 | 71,751.031 |
Total Current Liabilities | 4,473.391 | 8,311.891 | 21,082.097 | 44,732.401 | 65,019.381 | 75,335.316 |
Long Term Debt | 0 | 0 | 0 | 195.596 | 1,454.401 | 949.970 |
Deferred Revenue Non Current | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities Non Current | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
Total Non Current Liabilities | 3,872.063 | 0 | 0 | 195.596 | 1,454.401 | 949.970 |
Other Liabilities | -3,872.063 | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 668.330 | 1,603.064 | 2,103.661 |
Total Liabilities | 4,473.391 | 8,311.891 | 21,082.097 | 44,927.997 | 66,473.782 | 76,285.286 |
Preferred Stock | 23,962.458 | 25,902.710 | 0 | 0 | 0 | 0 |
Common Stock | 7.339 | 7.339 | 14.393 | 14.957 | 15.829 | 16.251 |
Retained Earnings | -7,087.593 | 19,896.958 | 12,523.273 | 95,123.951 | 174,880.748 | 292,228.308 |
Accumulated Other Comprehensive Income Loss | -30.045 | 5.218 | 373.989 | 520.010 | -1,701.111 | -2,341.778 |
Other Total Stockholders Equity | -7.339 | -7.339 | 220,623.005 | 240,227.460 | 267,391.698 | 277,783.765 |
Total Stockholders Equity | 16,844.820 | 45,804.886 | 233,534.660 | 335,886.378 | 440,587.164 | 567,686.546 |
Total Equity | 16,844.820 | 45,804.886 | 233,534.660 | 335,880.060 | 439,864.474 | 562,676.185 |
Total Liabilities And Stockholders Equity | 21,318.211 | 54,116.777 | 254,616.757 | 380,808.057 | 506,338.256 | 638,962.720 |
Minority Interest | 0 | 0 | 0 | -6.318 | -722.690 | -5,010.361 |
Total Liabilities And Total Equity | 21,318.211 | 54,116.777 | 254,616.757 | 380,808.057 | 506,338.256 | 638,962.720 |
Total Investments | 1,805.065 | 4,229.926 | 766.295 | 4,674.799 | 49,622.054 | 275,080.048 |
Total Debt | 0 | 0 | 0 | 668.330 | 1,603.064 | 2,103.661 |
Net Debt | -17,016.700 | -45,302.622 | -236,883.282 | -350,817.272 | -405,653.773 | -309,779.802 |
Currency | USD | USD | USD | USD | USD | USD |
(* All numbers are in thousands)
Fiscal Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Net Income | 20,241.623 | 28,924.803 | 3,213.386 | 82,594.360 | 79,037.845 | 113,058.436 |
Depreciation And Amortization | 25.586 | 173.610 | 262.184 | 850.375 | 1,133.091 | 2,015.324 |
Deferred Income Tax | 0 | 0 | 0 | 29.755 | 0 | 0 |
Stock Based Compensation | 0 | 0 | 60,805.483 | 43,939.447 | 26,690.970 | 17,929.842 |
Change In Working Capital | 3,116.867 | 2,210.139 | 525.620 | 15,900.325 | 11,167.802 | -1,597.494 |
Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Payables | 315.279 | 291.842 | 849.297 | 2,818.546 | 989.946 | -4,454.204 |
Other Working Capital | 2,801.588 | 1,918.297 | -323.677 | 13,081.779 | 10,177.856 | 2,856.710 |
Other Non Cash Items | -5.712 | -27.568 | -13.994 | 926.678 | 1,518.396 | 7,913.445 |
Net Cash Provided By Operating Activities | 23,378.364 | 31,280.984 | 64,792.679 | 144,240.940 | 119,548.104 | 139,319.553 |
Investments In Property Plant And Equipment | -203.872 | -427.933 | -1,029.654 | -1,488.753 | -16,324.493 | -1,581.029 |
Acquisitions Net | 0 | 2,405.455 | -1,511,167 | -2,722,941 | 0 | 0 |
Purchases Of Investments | -4,884.475 | -13,666.262 | -3,661.847 | -22,740.701 | -52,551.491 | -442,683.459 |
Sales Maturities Of Investments | 3,182.942 | 11,260.807 | 7,173.976 | 18,870.732 | 6,424.215 | 218,193.604 |
Other Investing Activites | -1,701.533 | -2,405.455 | 1,511,167 | 2,722,941 | -114.580 | -54.063 |
Net Cash Used For Investing Activites | -1,905.405 | -2,833.388 | 2,482.475 | -5,358.722 | -62,566.349 | -226,124.947 |
Debt Repayment | -10,260.950 | 0 | 0 | 0 | 0 | 0 |
Common Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock Repurchased | 0 | 0 | 0 | -25,419.808 | -1,594.889 | -8,512.608 |
Dividends Paid | -7,601.027 | 0 | -9,010.045 | 0 | 0 | 0 |
Other Financing Activites | 3,892.200 | -200 | -2,346.059 | 858.843 | 1,965.894 | 959.090 |
Net Cash Used Provided By Financing Activities | -6,368.750 | -200 | 123,768.671 | -24,560.965 | 371.005 | -7,553.518 |
Effect Of Forex Changes On Cash | 8.146 | 38.326 | 536.835 | 281.067 | -1,581.525 | -590.895 |
Net Change In Cash | 15,112.355 | 28,285.922 | 191,580.660 | 114,602.320 | 55,771.235 | -94,949.807 |
Cash At End Of Period | 17,016.700 | 45,302.622 | 236,883.282 | 351,485.602 | 407,256.837 | 312,307.030 |
Cash At Beginning Of Period | 1,904.345 | 17,016.700 | 45,302.622 | 236,883.282 | 351,485.602 | 407,256.837 |
Operating Cash Flow | 23,378.364 | 31,280.984 | 64,792.679 | 144,240.940 | 119,548.104 | 139,319.034 |
Capital Expenditure | -203.872 | -427.933 | -1,029.654 | -1,488.753 | -16,324.493 | -1,648.806 |
Free Cash Flow | 23,174.492 | 30,853.051 | 63,763.025 | 142,752.187 | 103,223.611 | 137,670.228 |
Currency | USD | USD | USD | USD | USD | USD |
(* All numbers are in thousands)
Revenue (TTM) : | P/S (TTM) : | 2.15 | ||
Net Income (TTM) : | P/E (TTM) : | 5.48 | ||
Enterprise Value (TTM) : | 343.74M | EV/FCF (TTM) : | 0 | |
Dividend Yield (TTM) : | 0 | Payout Ratio (TTM) : | 0 | |
ROE (TTM) : | 0.2 | ROIC (TTM) : | 0.15 | |
SG&A/Revenue (TTM) : | 0.1 | R&D/Revenue (TTM) : | 0.08 | |
Net Debt (TTM) : | 318.876M | Debt/Equity (TTM) | 0 | P/B (TTM) : | 1.02 | Current Ratio (TTM) : | 6.47 |
Trading Metrics:
Open: | 4.39 | Previous Close: | 4.38 | |
Day Low: | 4.26 | Day High: | 4.39 | |
Year Low: | 3.71 | Year High: | 6.44 | |
Price Avg 50: | 4.3 | Price Avg 200: | 4.53 | |
Volume: | 240987 | Average Volume: | 249709 |