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The company claimed it could deliver a compound annual growth rate (CAGR) of 40%, taking revenue from $140 million in 2020 to $388 million in 2023 while expanding its gross margin from 30% to 50% and keeping its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) margins in the high teens.
But at its current price of about $71 and enterprise value of $153 billion, Uber's stock still looks reasonably valued at 31 times forward earnings and 17 times next year's adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ). million shares, Ken Griffin beefed up his position by 179% to 2.65
That setback initially stunned PayPal's investors, but its robust growth during the pandemic in 2020 and 2021 -- driven by more online orders and peer-to-peer payments -- cushioned that blow. That's why its revenue surged 245% in 2020 and 89% in 2021. as its preferred payments provider by 2023.
Blackstone aims to secure a valuation for Liftoff of more than 10 times the company’s 12-month earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA) of $350m. Liftoff currently generates around $650m in annual revenue.
Shares of restaurant chain Cracker Barrel (NASDAQ: CBRL) have been steadily sliding downwards since early 2021. Cracker Barrel also said it expects to earn adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) of $210 million to $220 million, up from a previous guidance range of $200 million to $215 million.
Opendoor experienced a major growth spurt in 2021 as the pent-up demand for new houses during the pandemic's height sparked a buying frenzy in new properties. Metric 2021 2022 2023 1H 2024 Revenue $8.0 Metric 2021 2022 2023 1H 2024 Revenue $8.0 EBITDA = Earningsbeforeinterest, taxes, depreciation, and amortization.
SentinelOne went public via a traditional initial public offering (IPO) at $35 a share on June 30, 2021 but now trades at less than $20. BigBear.ai, like many other SPAC-backed companies, made some grand promises before its merger but missed those estimates by a mile. Its stock opened at $9.84 per share but now trades at about $1.50.
Roblox (NYSE: RBLX) went public via a direct listing on March 10, 2021, and its stock opened at $64.50. It lost its luster as it faced tough year-over-year comparisons against its growth spurt during the pandemic, and rising interest rates further compressed its valuations.
CleanSpark previously developed modular microgrids -- which funnel renewable energy sources, like solar and wind power, into storage, backup generators, and load management services -- before it transformed into a Bitcoin miner. That closely watched figure more than doubled to 20.4 EH/s at the end of June 2024.
A key inflection point took place in 2021. In the years leading up to 2021 discretionary cash flow per unit was negative. In 2021, it turned positive. In 2021, it was positive $0.43 The distribution was increased just modestly in 2020 and 2021. The numbers are fairly large, as well. per unit in 2020.
Additionally, this morning's consumer price index report showed that inflation rose just 3% year over year, its lowest level since March 2021, and core inflation, which excludes food and energy, was 4.8% year over year, its lowest rate since October 2021. On a month-over-month basis, both figures rose just 0.2%.
during the apex of the growth-stock rally in February 2021. It crashed and burned as rising interest rates rattled the housing market, throttled its growth, and drove investors toward more conservative investments. Most of that pressure can be attributed to soaring interest rates and a cooling housing market. billion $8.0
Some good reasons to be bullish on Sea Limited stock Sea Limited stock is still miles below the peak it reached in 2021, but Jiang has plenty of reasons to expect big gains ahead. The company's financial services segment outperformed with adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) that soared 50.3%
Both stocks soared to their all-time highs in November 2021. The bulls retreated as the macro headwinds throttled their revenue growth, and rising interest rates popped their bubbly valuations. DigitalOcean faces significant near-term challenges DigitalOcean's revenue rose 35% in 2021 and 34% in 2022.
Its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) loss slipped to negative $12.7 CleanSpark only evolved into a Bitcoin miner after it acquired ATL Data Centers in May 2021. Metric FY 2021 FY 2022 FY 2023 9M FY 2024 Revenue $49.4M $131.5M $168.4M $289.7M million to $236.2
In November 2021, BigBear.ai That headline-grabbing partnership, along with the ambitious growth targets it set during its pre-merger presentation in June 2021, generated a lot of buzz for its SPAC-backed debut. Its stock opened at $9.84 and reached its all-time high of $12.69 on April 13, 2022. But today, BigBear.ai
in November 2021. Analysts expect its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) to gradually improve from negative 78% in 2023 to negative 16% in 2025, but that doesn't mean its business model is sustainable yet. Image source: Getty Images.
billion in 2021. Its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) also improved from negative $94 million in 2022 to positive $536 million in 2023 as it executed two rounds of layoffs and other aggressive cost-cutting. billion in 2023 and eclipsed its pandemic-era record high of $1.82
The cruise line operator's revenue plunged in 2020 and 2021 as global travel ground to a halt during the pandemic, and it was forced to take on a lot more debt to stay solvent. Looking back at Carnival's slowdown and recovery In fiscal 2020 and fiscal 2021 (which ended in November 2021), Carnival's revenue and number of passengers plummeted.
Coupang (NYSE: CPNG) , the largest e-commerce company in South Korea, went public at $35 per share on March 11, 2021. It capitalized on that growth to expand into Taiwan in 2021, and it agreed to buy the British luxury online retailer Farfetch (OTC: FTCH) for $500 million in December 2023. It rallied to its all-time high of $50.45
on July 26, 2021. Period 2017 2018 2019 2020 2021 2022 2023 Active Accounts (Millions) 19.3 That's how it's kept its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) and trailing 12-month free cash flow ( FCF ) positive over the past five consecutive quarters.
Despite marked company advancements and reduced pandemic limitations, Lindblad stock trades more than 51% below its March 2021 all-time high. Ending the first quarter at $27 million, earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) showed a $48 million gain over the prior-year period's $21 million EBITDA loss.
The bulls lost interest in the company as its growth slowed, it racked up losses, and rising interest rates compressed its valuation. Metric 2020 2021 2022 9M 2023 GPV Growth (YOY) 17% 124% 61% 40% Revenue Growth (YOY) 24% 107% 60% 44% Data source: Toast. But today Toast trades at about $15.
Its stock collapsed as rising interest rates disrupted the real estate market and cast an unflattering light on its staggering losses. Its growth accelerated in 2021 as the housing market recovered but slowed again in 2022 and 2023 as inflation and rising interest rates drove away potential buyers and sellers. billion $8.0
The model appeared to work for Opendoor until the spike in interest rates led to prices collapsing in many markets. This situation forced Opendoor to sell many homes at a loss, and its stock plummeted between late 2021 and throughout 2022. That compares favorably to the 2021 bull market when the sales multiple rose as high as 7.5.
on July 26, 2021. Roku's revenue soared 58% in 2020 and 55% in 2021. As a result, adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) turned red with a loss of $84 million in 2022, compared to a profit of $465 million in 2021, and the bulls rushed for the exits.
Shares skyrocketed 530% from their March 2020 low to their all-time high in July 2021, driven by monster success fueled by consumers spending more time at home. Revenue jumped more than 55% in both 2020 and 2021. Roku (NASDAQ: ROKU) is another perfect example of a pandemic-era darling that has fallen from grace.
In its pre-merger presentation in 2020, it claimed it could ship 600 battery-powered electric trucks (BEVs) in 2021, ship 1,200 BEVs in 2022, and ship 3,500 BEVs in 2023. But in reality, Nikola didn't ship a single BEV in 2021. Metric 2021 2022 2023 Revenue $0 $50.8 It only delivered 35 FCEVs in 2023. million $35.8
Evolv went public through a reverse merger with a blank-check company in July 2021. million in 2021 to $132.3 It also predicted its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) would turn positive with a slim profit of $5.2 Metric 2021 2022 2023 Revenue $23.7
The chart below shows how each company raised full-year guidance on every earnings call since 2021 and beat the third-quarter guidance in the full-year results in 2021 and 2022. billion at the start of 2021 and still stands at just $8.9 For reference, I've taken the midpoint of the guidance ranges to simplify matters.
Archer Aviation (NYSE: ACHR) and Rocket Lab USA (NASDAQ: RKLB) are both tiny aerospace companies that went public by merging with special purpose acquisition companies ( SPACs ) in 2021. But in 2021, United Airlines (NASDAQ: UAL) placed a $1 billion order for 200 of Archer's eVTOL aircraft.
Its total number of houses purchased skyrocketed 498% to 36,908 units in 2021. But in 2022, inflation and rising interest rates quickly chilled the housing market. Missing that target suggests the company didn't even factor in the threat of rising interest rates in its bullish forecasts. in 2021 to negative 1.1%
22, 2021, but its stock now trades more than 50% below its IPO price. It suffered a slowdown throughout 2020 as restaurants closed down during the pandemic, but it experienced a brisk recovery in 2021 and 2022 as the pandemic passed. Its growth continued in 2021 as its revenue and earnings rose 22% and 55%, respectively.
It launched six Electron missions in 2021, nine missions in 2022, and 10 missions in 2023. Its adjusted gross margin also improved from negative 29% in 2021 to positive 28% in 2023 as it expanded its higher-margin space systems unit to reduce its dependence on its lower-margin launch services unit.
Many space-oriented companies went public by merging with special purpose acquisition companies ( SPACs ) in 2021. Rocket Lab USA ramped up its annual launches over the past three years , but its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) margins deteriorated as its net losses widened.
Many hypergrowth stocks soared in 2021 as stimulus checks, social media buzz, and commission-free trading apps brought in legions of new investors. SentinelOne's annual revenue more than doubled in fiscal 2021, 2022, and 2023 (which ended last January). Symbotic's revenue surged 136% in 2022 and 98% to $1.18
Upstart: Disrupting consumer lending through AI Upstart (NASDAQ: UPST) wowed investors in 2021, soaring nearly 2,000% from its initial public offering (IPO) price as the consumer lending platform posted blowout growth and strong profits. Let's take a closer look at each one to see why they could double in value next year.
in late 2021. Yet, the stock saw strong gains after its fourth-quarter earnings release on Monday, March 5. With a recovery in sight, is it possible for Sea to reach its 2021 highs ever again? billion in the third quarter of 2021 to a trough of just $443 million in the second quarter of 2023. Image source: Getty Images.
Unfortunately, despite its encouraging business progress, DraftKings' stock price is down around 45% from its March 2021 peak. It expects its fiscal 2025 adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) to be between $900 million and $1 billion, and that profitability should continue.
Coinbase Global (NASDAQ: COIN) likely hasn't made anyone a millionaire since it went public via a direct listing on April 21, 2021. The stock stumbled as cryptocurrency prices declined and rising interest rates drove investors toward more conservative investments. It eventually closed at its all-time high of $357.39
Roku's post-pandemic slowdown isn't over yet Roku's revenue rose 58% in 2020 and 55% in 2021, but grew just 13% to $3.1 Shopify's revenue rose 86% in 2020 and another 57% in 2021. Its adjusted net income jumped 1,332% in 2020 and grew 66% in 2021. Does that rebound indicate it's finally safe to buy either stock again?
Wood has a history of setting lofty targets for her favorite stock, Tesla (NASDAQ: TSLA) , which has had a difficult time recently, down 54% from its high in 2021 and about 25% lower on the year. She was looking for the stock to increase 12 times over that period, and it did in fact reach her target in 2021.
During its pre-merger presentation, SoundHound predicted that its revenue would rise from $13 million in 2020 to $20 million in 2021, and then grow to $28 million in 2022. million in Q2 2021. It surpassed its own expectations by generating $31 million in revenue in 2022. But that's where its ambitious estimates started to fall apart.
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