tl;dr
Wix.com (NASDAQ: WIX) reported a Q4 Non-GAAP EPS of $1.22, beating by $0.26, with revenue of $403.8M, which exceeded expectations by $1.23M. The company also boasted a record 22% Q4 FCF margin and a full year FCF margin of 16%, well above the 13% margin target. The number of registered users as of D...
Wix.com (NASDAQ: WIX) reported a Q4 Non-GAAP EPS of $1.22, beating by $0.26, with revenue of $403.8M, which exceeded expectations by $1.23M. The company also boasted a record 22% Q4 FCF margin and a full year FCF margin of 16%, well above the 13% margin target. The number of registered users as of December 31, 2023, was 263 million, representing an 8% increase compared to the previous year. The outlook for the company is positive, with expectations of total bookings of $1.78 - $1.81 billion, up 12 - 14% year-over-year, an acceleration from 2023. The company also expects total revenue to be $1.73 - $1.76 billion, up 11 - 13% year-over-year, and non-GAAP total gross margin of 68 - 69%. They also anticipate achieving GAAP profitability and generating free cash flow of $370 - $400 million, or 21 - 23% of revenue in 2024.
More about Wix.Com Ltd
Wix.Com Ltd is a technology company that develops and markets a cloud-based platform for creating websites and web applications. The company's stock performance shows a slight decrease of -0.15, with a current value of 26.52. Market sentiment appears to be relatively neutral, with a small decrease of -0.0058. The company's market cap is 1512934000, and its Relative Strength Index (RSI) is at 138, indicating potential overbought conditions. While the company operates in multiple regions, including North America, Europe, Latin America, and Asia, its stock performance and market sentiment suggest potential risks or uncertainties in the near future. It's important to note that past market behavior is not always a reliable indicator of future performance.
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