Opinions Robert McWhirter
Absolute Software Corp.ABST.TOCOMMENTAug 02, 2013
Stock price when the opinion was issued
As of Jul 28, 2023. Market Open.
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The stock drifted along under $12 through 2022 to August when it moved up to about $16 which held to the start of November when it fell to its month-end close of $13.24. ABST is a leading provider of self-healing endpoint and secure access solutions. This involves the only undeletable defense platform embedded in more than 600,000 devices, which helps some 18,000 customers protect against the escalating threat of ransomware and malicious attacks. It enjoys a relationship with over 1,100 partners, including several global carriers and unique integrations with 28 leading PC OEMs (including Dell and HP). For the first fiscal quarter ended September 30, 2022 revenue was $53.6 million, up 23% over the comparable prior year period, (adjusted revenue at $54.2 million grew a like percent) but the net loss was $9.5 million, 25% worse than the prior period. This was attributed to an increase in salaries related to employee headcount in support of projected growth. Management confirmed the fiscal year (ending June 30, 2023) outlook for adjusted revenue to grow 14.8% minimum and adjusted EBITDA 21%.
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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Dividend yield of 2.3%. Good growth driven by acquisition of NetMotion. Management increased FY2023 guidance. Long-term tailwinds from remote access requirement. Unlock Premium - Try 5i Free
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Dividend yield of 2.3%. Good growth driven by acquisition of NetMotion. Management increased FY2023 guidance. Long-term tailwinds from remote access requirements. Unlock Premium - Try 5i Free
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Absolute Software Corp (ABST) stock was up 11.14% on the month. Enjoys a relationship with over 1,100 partners, including several global carriers and unique integrations. Revenue for the quarter ended June 30, 2022, at US$52.5 million (97% recurring). Cash on hand on June 30th, 2022 was $64 million. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The acquisition of Netmotion added a lot of debt. The company has historically had net excess cash. They reported a weaker quarter. It is down 50% from highs. Proceed slowly with a partial position. Unlock Premium - Try 5i Free
Stockchase Insights
Some technicians have recently flagged this as looking like it is going to be breaking out of a longer-term pattern. They have a product that will find out if your computer, tablet or galaxy phone has gone missing. Also, have new software which allows companies to keep track of who has what equipment and separating what is personal and what is corporate. Interesting company. Earnings don’t look like they are up too much but that is because of accounting rules but looking closer, he thinks it is quite attractive. Have about $50 million in cash.