Urupong Investment Thesis monday.com (NASDAQ:MNDY) points to solid guidance together with its Q4 2023 results. Essentially, this is the bear and bull case. The bear case notes that monday.com is facing consistent deceleration in its revenue growth rates. While the bull case highlights that notwithstanding its decelerating revenues, the business is rapidly becoming increasingly profitable so that its valuation is cheaper than it appears at first glance. This insight, when taken together with the fact that ju ...

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Today, monday.com Ltd. (NASDAQ: MNDY) (“monday.com”), a work operating system (Work OS) where organizations of any size can create the tools and processes they need to manage every aspect of their work, announced the filing of its 2023 Annual Report on Form 20-F with the Securities and Exchange Commission. monday.com’s 2023 Annual Report on Form 20-F includes audited financial statements for the year ended December 31, 2023. The report can be accessed on the co ...

Financial 89% $730M Highlights Revenue Gross Margin $215M 225K+ 56% Net cash provided by Total customers(3) YoY increase in customers operating activities with $50K ARR(2) $205M 115% Net dollar retention rate of Adj. free cash flow(1) customers with 10+ users(2) represents 28% of revenue II. monday.com FY2023 20-F Strong revenue growth $730 +41% $519 YoY Revenue Growth Revenue in millions $308 FY-21 FY-22 FY-23 (1) Non-GAAP measures. See "Part 4 - Operating and Financial Review and Prospects - Non-GAAP Fina ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Monday.com (MNDY) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Monday.com currently has an ave ...

Monday.com (MNDY) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this project management software developer, should get reflected in its stock price. After all, empirical research shows a strong correlati ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Monday.com (MNDY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Monday.com is one of 621 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #11 in the Zacks Sector Rank ...

Cloud software company Monday.com (MNDY -0.18%) delivered a great update to close out 2023, and indicated good things could be in store for 2024. Bear market or not for the cloud industry, this small platform kept growing at a fast pace, helped by the rollout of new AI products along the way.Management is making a slight pivot, though, as it appears the bear market is now history. After the briefest of dips in the stock price, Monday.com is once again close to its high-water mark after the market downturn o ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Monday.com (MNDY -8.94%) stock is sinking today despite the company reporting better-than-expected fourth-quarter results. The low-code and workflow software specialist's share price was down 8.9% as of 11:30 a.m. ET, according to data from S&P Global Market Intelligence. The stock had been down as much as 16.5% earlier in the day's trading.Monday.com published its fourth-quarter results before the market opened this morning, reporting sales and earnings performance for the period that were actually far bet ...

Financial Data and Key Metrics - Q4 2023 revenue was $202.6 million, up 35% YoY, while full-year 2023 revenue reached $729.7 million, up 41% YoY [108] - Q4 2023 net income was $33.7 million, up from $22.2 million in Q4 2022, and full-year 2023 net income was $94.9 million, compared to a loss of $33.4 million in 2022 [31] - Q4 2023 free cash flow was $55.4 million, with a free cash flow margin of 27%, while full-year 2023 free cash flow was $204.9 million, with a margin of 28% [126] - Q4 2023 gross margin was 90%, with expectations to remain in the high 80s range in the medium to long term [116] - Q1 2024 revenue guidance is $207 million to $211 million, representing 28% to 30% YoY growth, with full-year 2024 revenue expected to be $926 million to $932 million, up 27% to 28% YoY [10][109] Business Line Data and Key Metrics - The company upgraded its infrastructure with mondayDB, which improved Board performance by 5x, and is now entering phase 2.0 to address complex work scenarios [3] - The company launched monday code, a serverless environment for developers to host and run apps within the Work OS platform [30] - The company plans to roll out product bundles in 2024, including monday work canvas, work forms, CRM, dev, and work management [47][48] - The company is finalizing the rollout of its multi-product suite, with full exposure expected by the end of Q1 2024 [16] Market Data and Key Metrics - The company did not see any impact from the Middle East war on its business, as it operates globally [27] - The company has over 2,300 customers spending $50k+ annually, with a shift towards centralized buying decisions within organizations [49] - The company's largest customer has 25,000 seats, with growth driven by seat expansion and additional functionality purchases [73][90] Company Strategy and Industry Competition - The company is focused on enhancing its Work OS platform, expanding its enterprise presence, and delivering value to customers [115][125] - The company is investing in AI functionality across its products, with plans to democratize AI for customers [79][94] - The company faces competition in CRM and dev products, with 50% of deals involving competition, while work management remains 70% greenfield [138] Management Commentary on Operating Environment and Future Outlook - The company expects macroeconomic headwinds to persist in Q1 and Q2 2024, with stabilization anticipated in H2 2024 [33][56] - The company is optimistic about its updated pricing model and scaling of mondayDB, expecting an uptick in growth retention in H2 2024 [12] - The company sees healthy top-of-funnel activity and pipeline generation, with no significant changes in performance marketing costs [57][68] Other Important Information - The company increased its employee headcount to 1,854, up 110 from Q3 2023, with plans to ramp hiring in 2024, particularly in R&D and sales [5] - The company revised its lease prices, expecting the adjustment to contribute $15 million to $20 million in revenue in 2024 [9] - The company held its first-ever Investor Day, showcasing its progress and future vision, with plans to make it an annual event [2][106] Q&A Summary Question: How is the company constructing its guidance given the underlying business health? - The company's guidance reflects a balance between base-case and lowercase scenarios, with NDR stabilization expected in H2 2024 [53] Question: What are the assumptions behind the price increase impact? - The company assumes a 15% to 75% impact from advancing the price increase by a quarter, with no unexpected customer reactions [14][36] Question: How is the company addressing large enterprise customers? - The company is seeing a record number of $50k+ customers and expects continued strength in large deals, with a focus on seat expansion and additional functionality [38][90] Question: What is the outlook for NDR and macroeconomic headwinds? - NDR declined slightly to 110% in Q4 2023, with stabilization expected in H2 2024, as macroeconomic headwinds persist [19][21] Question: How is the company evolving its go-to-market strategy? - The company plans to offer product bundles and specialize sales teams for CRM and dev products, with a focus on cross-selling [46][64] Question: What is the impact of the price increase on growth trajectory? - The company did not see a material change in ARR from the price increase, with a small impact on conversion rates for smaller customers [45] Question: How is the company monetizing AI functionality? - The company is still working on monetizing AI, with early feedback showing enthusiasm for AI in automation workflows [79][100] Question: What is the seasonality of free cash flow? - Free cash flow is impacted by bonus payments in Q2 and Q4, with 80% of customers on annual contracts contributing to stability [131]