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HubSpot(HUBS) - 2023 Q4 - Earnings Call Presentation
2024-02-14 23:45
Long term financial targets 15% 12% $ '000s (20,514) June 30, 2020 118,972 (15,422) S '000s (37,318) 49,048 8% September 30, 2017 (11,168) June 30, 2021 204,469 (31,593) 170,786 62,300 $ '000s (30,143) 26,428 HubSpot This presentation includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding management's expectations of future financial and operational performance and operational expenditures, expected growth, for ...
HubSpot(HUBS) - 2023 Q4 - Annual Report
2024-02-13 16:00
Employee Growth and Operations - The company had 7,663 full-time employees as of December 31, 2023, up from 7,433 in the previous year, indicating ongoing growth in headcount and operations[97]. - The company anticipates future growth will be necessary to address increases in product offerings and market expansion[97]. - Maintaining company culture in a hybrid work environment is critical for innovation and execution, with potential impacts on employee retention[119]. Subscription and Revenue Risks - Subscription renewal rates are critical, with customers having no obligation to renew, which could lead to revenue declines if customers opt for lower tiers or do not renew at all[90]. - The company relies heavily on subscription sales, with a significant portion of revenue derived from these agreements, making it vulnerable to fluctuations in renewal rates and new subscriptions[89]. - The company faces risks related to the timing of revenue recognition, as declines in new or renewed subscriptions may not be immediately reflected in financial results[91]. - The effectiveness of the company's inbound sales and marketing efforts is crucial for revenue growth, requiring significant investment in resources[99]. - The company may not be able to accurately forecast future subscriptions and revenue, leading to potential declines in stock price if results fall below expectations[196]. Competition and Market Position - Competition in the marketing and customer management software market is intense, with established and new companies potentially impacting pricing and customer retention[92]. - The company must continue to innovate and enhance its platform to meet evolving customer needs and maintain competitiveness in the market[103]. - Failure to maintain brand awareness and thought leadership could impair the company's ability to attract and retain customers[101][102]. Financial Performance and Losses - The company reported a net loss of $176.3 million in 2023, with an accumulated deficit of $818.7 million as of December 31, 2023[192]. - The company generated net losses of $112.7 million in 2022 and $77.8 million in 2021, indicating a trend of increasing losses over the past three years[192]. - The company may face significant tax liabilities due to differing rules and regulations across jurisdictions, which could adversely impact its business[187]. Economic and Global Risks - Global economic conditions are weakening, potentially harming the company's business and results of operations[125]. - Economic uncertainty in Europe, including high sovereign debt and the Russia-Ukraine conflict, may adversely affect customer subscriptions and renewal rates[126]. - Increased global inflation rates could lead to decreased demand for products and services, higher operating costs, and reduced profitability[127]. - The company may face reduced spending from customers due to economic downturns, impacting growth and operating results[129]. Cybersecurity and Data Protection - Cybersecurity threats, including cyber-attacks and data breaches, are increasing in frequency and sophistication, posing significant risks to the company's reputation and financial condition[145]. - The company may incur significant liabilities due to unauthorized access to sensitive customer data, which could lead to litigation and damage to its reputation[147]. - The company is exposed to potential liabilities from data breaches involving payment card information, which could result in significant costs related to card issuance and related expenses[148]. Regulatory and Compliance Challenges - The company is subject to various governmental regulations regarding privacy, data protection, and information security, which could impair its ability to maintain and expand its customer base, potentially decreasing revenue[158]. - Compliance with the California Consumer Privacy Act (CCPA) may require the company to modify data collection practices and incur substantial costs, increasing exposure to regulatory enforcement and civil litigation[161]. - Non-compliance with the EU General Data Protection Regulation (GDPR) could result in monetary penalties of up to €20 million or 4% of worldwide annual revenue, whichever is higher[165]. Intellectual Property and Legal Risks - The company may face challenges in protecting its intellectual property rights, which could lead to costly litigation and impact revenue[151]. - The reliance on open source software may expose the company to legal risks and could disrupt its ability to offer certain components of its platform[157]. - The company has agreed to indemnify customers against claims of data misuse or breach of confidentiality obligations, which could result in additional liabilities[144]. Financial Instruments and Debt - The company incurred indebtedness of $460.0 million from the issuance of 0.375% convertible senior notes due June 1, 2025[199]. - The company is subject to risks from fluctuations in foreign currency exchange rates and rising inflation[199]. - The company does not currently hedge its interest rate exposure, which could be adversely impacted by a sharp rise in interest rates[374]. Climate Change and Social Responsibility - Climate change poses long-term risks to the company's operations, potentially disrupting business and increasing costs[225]. - The company invested $8.5 million in the Black Economic Development Fund and $7.5 million in support of Minority Depository Institutions as part of its social impact investments[193]. - The company is working to align its reporting with emerging disclosure standards related to climate change[225].
Insights Into HubSpot (HUBS) Q4: Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-02-09 15:21
In its upcoming report, HubSpot (HUBS) is predicted by Wall Street analysts to post quarterly earnings of $1.54 per share, reflecting an increase of 38.7% compared to the same period last year. Revenues are forecasted to be $557.48 million, representing a year-over-year increase of 18.7%.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's ...
HubSpot (HUBS) Increases Yet Falls Behind Market: What Investors Need to Know
Zacks Investment Research· 2024-02-08 00:00
The most recent trading session ended with HubSpot (HUBS) standing at $609.85, reflecting a +0.65% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.82%. Meanwhile, the Dow gained 0.41%, and the Nasdaq, a tech-heavy index, added 0.95%.The cloud-based marketing and sales software platform's stock has climbed by 7.38% in the past month, falling short of the Computer and Technology sector's gain of 10.9% and outpacing the S&P 500's gain of 5.59%.Th ...
The Bull Market Is Official: 1 Remarkable Growth Stock to Buy Now and Hold Long-Term
The Motley Fool· 2024-02-05 10:35
In January, the S&P 500 hit a record high for the first time in two years. Crossing that threshold made the bull market official, and it portends more upward momentum in the future. The S&P 500 returned an average of 285% during the last five bull markets, according to Yardeni Research, and many stocks are sure to rise during the current one.Investors hoping to capitalize on that upward momentum should be buying stocks today, and HubSpot (HUBS -0.10%) stands out as a compelling idea at its current valuation ...
HubSpot (HUBS) Ascends But Remains Behind Market: Some Facts to Note
Zacks Investment Research· 2024-02-02 00:01
The most recent trading session ended with HubSpot (HUBS) standing at $612.97, reflecting a +0.32% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 1.25%. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 1.3%.The the stock of cloud-based marketing and sales software platform has risen by 14.58% in the past month, leading the Computer and Technology sector's gain of 2.42% and the S&P 500's gain of 1.58%.The upcoming earnings rele ...
Stock Split Watch: Is HubSpot Next?
The Motley Fool· 2024-01-30 10:30
The success of HubSpot (HUBS 3.60%) continues to lift the stock. Since entering the market in 2014 at just $25 per share, the stock has made steady gains over its nearly 10-year history. By late 2021, it reached a high of $866 per share.Even though shares fell more than 70% from that high at one point, the stock has since bounced back. It now stands at just under $600 per share as of the time of this writing. Nonetheless, whether such a price positions it for a stock split requires investors to look at fact ...
HubSpot to Announce Fourth Quarter and Full Year 2023 Financial Results on February 14, 2024
Businesswire· 2024-01-29 21:15
CAMBRIDGE, Mass.--(BUSINESS WIRE)--HubSpot, the customer platform for scaling businesses, announced today that it will report its fourth quarter and full year 2023 financial results after the U.S. financial markets close on Wednesday, February 14, 2024. In conjunction with this report, HubSpot will host a conference call on Wednesday, February 14, 2024, at 4:30 p.m. Eastern Time (ET) to discuss the company's fourth quarter and full year 2023 financial results and its business operations and outlook. HubSp ...
Here's Why HubSpot (HUBS) Gained But Lagged the Market Today
Zacks Investment Research· 2024-01-26 00:21
HubSpot (HUBS) closed the latest trading day at $585.73, indicating a +0.01% change from the previous session's end. This change lagged the S&P 500's 0.53% gain on the day. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.Heading into today, shares of the cloud-based marketing and sales software platform had gained 0.06% over the past month, lagging the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48% in that time.Analy ...
HubSpot (HUBS) Surpasses Market Returns: Some Facts Worth Knowing
Zacks Investment Research· 2024-01-20 00:21
In the latest trading session, HubSpot (HUBS) closed at $581.40, marking a +1.31% move from the previous day. This change outpaced the S&P 500's 1.23% gain on the day. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq added 1.7%.Heading into today, shares of the cloud-based marketing and sales software platform had lost 0.76% over the past month, lagging the Computer and Technology sector's gain of 1.98% and the S&P 500's gain of 0.94% in that time.Analysts and investors alike will be keeping a c ...