Oil Paintings – Song Haizeng http://songhaizeng.com/ Thu, 26 May 2022 14:34:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://songhaizeng.com/wp-content/uploads/2021/05/default-138x136.png Oil Paintings – Song Haizeng http://songhaizeng.com/ 32 32 Data Fabric Market 2021 Production, Revenue, Growth Rate, Price and Gross Margin, Opportunities and Forecast 2028 https://songhaizeng.com/data-fabric-market-2021-production-revenue-growth-rate-price-and-gross-margin-opportunities-and-forecast-2028/ Thu, 26 May 2022 14:34:00 +0000 https://songhaizeng.com/data-fabric-market-2021-production-revenue-growth-rate-price-and-gross-margin-opportunities-and-forecast-2028/ Emerging research logo Rising volumes and variation in organizational data and increasing adoption of cloud services are key factors driving the market revenue growth Market Size – USD 1.14 Billion in 2020, Market Growth – at a CAGR of 27.2%, Market Trends – Rapid Developments in In-Memory Computing » — Emerging research VANCOUVER, BC, CANADA, […]]]>

Emerging research logo

Rising volumes and variation in organizational data and increasing adoption of cloud services are key factors driving the market revenue growth

Market Size – USD 1.14 Billion in 2020, Market Growth – at a CAGR of 27.2%, Market Trends – Rapid Developments in In-Memory Computing »

— Emerging research

VANCOUVER, BC, CANADA, May 26, 2022 /EINPresswire.com/ — The Global data fabric market The size reached USD 1.14 billion in 2020 and is expected to register a CAGR of 27.2% during the forecast period, according to the latest analysis from Emergen Research.

Rising volumes and variation of organizational data and growing adoption of cloud services are some of the key factors driving the revenue growth of the global data tissue market. Rapid developments in in-memory computing are also factors that are also expected to significantly boost the market revenue growth. In-memory computing enables ultra-fast speed and scaling of unlimited volumes of data, while simplifying accessibility to a growing number of data sources.

Because stored data can be accessed considerably quickly when stored in random access memory (RAM) and flash memory, in-memory processing enables real-time data evaluation, which helps speed up business reporting and decision making. Rapid developments in in-memory computing are expected to drive the demand for in-memory data structure in the near future.

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The Data Fabric research report also includes an in-depth study of key industry players along with their business overview, strategic planning, and business expansion plans adopted by them. It helps readers and business owners formulate strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, agreements with companies and governments, etc. The report also talks about the expansions that these prominent players are vying for in the key regions of the market. The report focuses on a detailed analysis of the technological and product developments undertaken by these companies.

Some major companies in the market report include SAP SE, Informatica, Inc., Global Ids, Inc., International Business Machines Corporation, NetApp, Inc., Oracle Corporation, Splunk, Inc., Teradata Corporation, Idera, Inc., and TIBCO. Software, Inc.

Report Highlights

Services segment revenue is expected to grow at a very stable CAGR during the forecast period due to the growing need for integration, consulting, support and maintenance services to facilitate implementation and operation Data Fabric solutions.

The small and medium business segment is expected to witness a significantly robust revenue growth rate over the forecast period owing to the increasing adoption of data fabric solutions and services among small and medium businesses across the globe.

The on-cloud segment is expected to record a steady revenue growth rate. The growing adoption of cloud services by end users is a key driver that is expected to continue fueling the revenue growth of this segment.

Ask for a discount on the report @ https://www.emergenresearch.com/request-discount/908

Emergen Research has segmented the global data structure market on the basis of component, type, deployment, organization size, application, end-use, and region:

Components Outlook (Revenue, USD Billion; 2018-2028)

Solution

Services

Professional services

Managed Services

Type Outlook (Revenue, USD Billion; 2018-2028)

In-memory data structure

Disk-based data structure

Deployment Outlook (Revenue, USD Billion; 2018-2028)

On the site

On the cloud

Organization Size Outlook (Revenue, USD Billion; 2018-2028)

Small and medium enterprises

Large companies

Application Outlook (Revenue, USD Billion; 2018-2028)

Customer Experience Management

Fraud detection and security management

Sales and Marketing Management

Risk and Compliance Management

Process management

Asset Management

Supply chain management

Workforce management

End-Use Outlook (Revenue, USD Billion; 2018-2028)

IT & Telecom

Manufacturing

BFSI

Government

Health care

Logistic transport

Media and entertainment

Retail and e-commerce

Energy and Utilities

Education

travel and hospitality

Others

To learn more about the report @ https://www.emergenresearch.com/industry-report/data-fabric-market

Regional analysis:

Regional analysis includes an in-depth study of key geographic regions to better understand the market and provide accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Regional analysis covers analysis of key market segments, including Revenue, CAGR, Import/Export, Supply & Demand Report, Production & Consumption Report, Analysis industry chain and market dynamics in each region of the geographies.

Contents:

Chapter 1 includes an introduction of the global Data Fabric Market, along with a comprehensive market overview, Scope of the market, the product offerings, and a survey of the market drivers, growth opportunities, risks, restraints and other vital factors.

Chapter 2 offers an in-depth analysis of key manufacturers engaged in this business vertical along with their sales and revenue estimates.

Chapter 3 details the highly competitive terrain of the market, highlighting the major manufacturers and suppliers.

In Chapter 4, our team has fragmented the market based on regions, highlighting the sales, revenue and market share of each region over the forecast period.

Chapters 5 and 6 have focused on market segmentation based on product type and application.

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Ralph Lauren expects its margins to rise as wealthy customers ignore inflation https://songhaizeng.com/ralph-lauren-expects-its-margins-to-rise-as-wealthy-customers-ignore-inflation/ Tue, 24 May 2022 14:50:00 +0000 https://songhaizeng.com/ralph-lauren-expects-its-margins-to-rise-as-wealthy-customers-ignore-inflation/ A man walks past Ralph Lauren Corp’s flagship Polo store. on Fifth Avenue in New York, U.S., April 4, 2017. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – Ralph Lauren Corp (RL.N) expects higher sales and improved margins for the year as demand for its luxury apparel in […]]]>

A man walks past Ralph Lauren Corp’s flagship Polo store. on Fifth Avenue in New York, U.S., April 4, 2017. REUTERS/Brendan McDermid

Join now for FREE unlimited access to Reuters.com

May 24 (Reuters) – Ralph Lauren Corp (RL.N) expects higher sales and improved margins for the year as demand for its luxury apparel in its biggest markets in North America and Europe remaining strong at a time when inflation is weighing on earnings at major US retailers.

The purchasing power of high-income customers has not been affected by the rising prices of basic necessities, and they are now splurging on fashion as they venture more with the easing of restrictions COVID-19 around the world.

“Consumers start going out during the day, so there is a need for sports coats, outerwear and dresses. And then they go back to social activities in the evening or on weekends,” the director said. General Patrice Louvet during a call for results on Tuesday.

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The 55-year-old brand is also forecasting a single-digit revenue increase, as Wall Street expects a 3.6% increase, according to Refinitiv IBES.

Ralph Lauren, which said it may raise prices further to counter rising freight and product costs, forecasts gross margin for fiscal year 2023 to increase 30 to 50 basis points on a foreign exchange basis. comparable and constant.

The big discount chains, meanwhile, have seen their profits dwindle. Walmart Inc (WMT.N), Target Corp (TGT.N) and Kohl’s Corp (KSS.N) cut their earnings forecasts.

Shares of Ralph Lauren fell 2% amid broader declines, after the company also forecast lower gross margin for the first half of fiscal 2023 due to higher expenses and a strong dollar.

The brand said its forecast takes into account potentially weaker consumer sentiment in Europe and the impact of Chinese lockdowns. Still, Ralph Lauren expects its business in China to expand this year.

For Ralph Lauren, which increased its quarterly dividend by 9%, fourth-quarter net sales rose 18% to $1.52 billion, beating estimates of $1.46 billion. Adjusted earnings per share were 49 cents, above estimates of 36 cents.

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Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli

Our standards: The Thomson Reuters Trust Principles.

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Price hikes help India Inc fight margin pressure; operating profit up 20%, net profit up 34% https://songhaizeng.com/price-hikes-help-india-inc-fight-margin-pressure-operating-profit-up-20-net-profit-up-34/ Sun, 22 May 2022 23:00:00 +0000 https://songhaizeng.com/price-hikes-help-india-inc-fight-margin-pressure-operating-profit-up-20-net-profit-up-34/ Despite input inflation, India Inc appears to have managed to reasonably protect its margins by passing costs on to consumers. Not all companies were able to take price increases to offset the full cost increase, but the aggregate figures for Q4FY22 show they have made some ground. For a universe of 927 companies (excluding banks […]]]>

Despite input inflation, India Inc appears to have managed to reasonably protect its margins by passing costs on to consumers. Not all companies were able to take price increases to offset the full cost increase, but the aggregate figures for Q4FY22 show they have made some ground.

For a universe of 927 companies (excluding banks and financials), operating profit margins contracted only 50 basis points year-on-year to 16.37%, in the three months to March. As a result, operating profit increased by 20% year-on-year and net profit by 34%.

Management’s comments suggest that the companies plan to either raise prices further or offer smaller volumes for the same price to protect margins. Broadly, prices rose 5-15% for consumer staples, 10-12% for durable goods, around 10% for automobiles, 5-15% for residential properties and 5 to 8% in fast food restaurants. By passing on cost increases, companies have been able to increase their turnover despite, in many cases, selling lower volumes. For the sample of 927 companies, net sales in Q4FY22 increased 24.2% year-on-year.

Hindustan Unilever, for example, increased its prices by around 10%, which allowed it to record an 11% year-on-year revenue growth in Q4FY22 despite flat volumes. Despite a 9% year-on-year decline in volumes, Eicher Motors reported 9% year-on-year revenue growth, driven by a 21% year-on-year increase in average selling prices (ASP). At Bajaj Auto, Ebitda margins fell 80 basis points year-on-year despite price increases. Tata Steel’s margins in Q4FY22 were lower, but management expects better realizations to offset cost inflation in the current quarter.

Asian Paints’ gross margins fell 450 basis points year-on-year as the company was only able to partially offset high raw material costs with price increases of 22% year-on-year. Again, JSW Energy’s earnings performance was modest as higher realizations of 4% year-on-year were not enough to offset the higher cost of production, which rose 23% year-on-year.

Although profitability may have been under pressure, the good news is that businesses that have been impacted by the pandemic are rebounding as the economy opens up. AB Fashion and Retail, for example, delivered better-than-expected revenue growth of 25% year-over-year in Q4FY22, thanks to the recovery of the distribution channel. Avenue Supermarts reported 18% year-on-year revenue growth in Q4FY22, driven by a resumption of same-store sales growth and the contribution of 21 new stores added during the quarter. Sales of big ticket items, however, were somewhat subdued. At Titan, for example, jewelry sales were flat, impacted by volatile gold prices.

The good performance of commodity players and some reversal performances skew the figures somewhat. Earnings growth slows to 21.6% YoY, from 34% if Reliance Industries, Tata Steel, Tata Motors and Adani Power are excluded; the four together represent 20.2% of the sample’s income. Tata Motors reduced its losses to Rs 1,033 crore in Q4FY22 from Rs 7,605 crore in Q4FY21, while Tata Steel posted strong 47% year-on-year growth in net profit. Adani Power recorded a net profit of Rs 4,645.47 crore against Rs 13.13 crore reported a year ago.

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What Walmart and Home Depot revenue tells us about consumer spending https://songhaizeng.com/what-walmart-and-home-depot-revenue-tells-us-about-consumer-spending/ Tue, 17 May 2022 18:23:00 +0000 https://songhaizeng.com/what-walmart-and-home-depot-revenue-tells-us-about-consumer-spending/ With inflation at the highest level in decades, investors have been hungry for clues as to how this is affecting consumer spending. After Tuesday’s strong retail sales data and two very different earnings quarters from walmart and Home deposit , the answer to how Americans are coping with higher prices is still unclear – for […]]]>

With inflation at the highest level in decades, investors have been hungry for clues as to how this is affecting consumer spending. After Tuesday’s strong retail sales data and two very different earnings quarters from

walmart

and

Home deposit
,

the answer to how Americans are coping with higher prices is still unclear – for now.

Tomorrow’s reports from

Target

(symbol: TGT) and

Lowe’s

(BAS) will provide more clarity, but it seems that high-income and low-income consumers are drifting further apart. Additionally, retailers won’t necessarily reap the full benefits of continued buyer strength.

First, retail sales figures rose for the fourth consecutive month in April, meeting economists’ expectations. Inflation is of course part of the equation, as the prices of everything from food to fuel have jumped, shoppers have to spend more to buy the same goods. Yet, even inflation aside, customers still seem willing and able to spend — an optimistic sign.

“Retail sales in April show that the consumer is resisting headwinds from inflation,” said Jeffrey Roach, chief economist for LPL Financial. This means that any inflationary relief could go a long way. “If pricing pressures can ease enough to relieve some of the pressure on consumers, we expect a rebound in economic growth in the second quarter.”

Count

Home deposit
it is

(HD) earnings in the positive column as well: it provided a beat-and-bump quarter – a fine achievement at any time, but especially after two years of major real estate gains and skepticism about the sustainability of the momentum of home improvement.

Rising home prices and mortgage rates have dampened the housing market, but Home Depot’s strong execution and continued consumer appetite mean those two headwinds haven’t hurt the retailer.

Joseph Zappia, director and co-chief investment officer at LVW Advisors, says he’ll want to see if home improvement trends continue over the next few quarters, but for now Home Depot is in a ideal situation. “The consumer is still very strong, but may choose to renovate rather than move,” given the increasing affordability of moving.

Barrons noted as much when he said the liquidation of home improvement retailers was overdone because they have catalysts to support earnings beyond the housing market.

Additionally, the fact that Home Depot highlighted cooler weather across much of the country that delayed the typically strong spring season means it could see greater strength in the current quarter as temperatures rise.

On the other hand,

walmart
it is

(WMT) struck an austere note, posting a mixed fiscal first quarter and downgrading its outlook.

“We sense some conservatism at play, but the disappointing earnings performance/outlook will outweigh the encouraging revenue performance today,” noted Baird analyst Peter Benedict.

Ultimately, there are company-specific issues at play here. Walmart executives repeatedly said on the conference call that they were taken aback by the scale of some issues, such as the degree to which shoppers retreated into other categories to finance purchases of food.

At the other end of the spectrum, Home Depot’s quarter showed that it “effectively manages the supply chain and the flow of products to stores,” as CFRA analyst Kenneth Leon said in his praise of the quarter.

The upshot is that until there’s more data from Target and Lowe’s quarters tomorrow, it’s hard to extrapolate about the consumer as a whole from the two reports.

“This could be an early sign that Central America is really being hit by rising food and fuel prices – or with retail sales as good as they were and some businesses going through the quarter very well, it could indicate specific management issues,” at Walmart, says Zappia, which counts it and Home Depot among its holdings.

Still, there are three key points to remember. First, while stimulus checks and stock market gains have boosted consumers at all income levels in recent years, a bifurcation between high-income and low-income consumers is once again taking hold.

Higher wages have disproportionately helped Americans earn less, but those gains haven’t been enough to offset inflation, and as Walmart’s results show, those shoppers are taking bargain hunting seriously because they feel the pinch of higher priced essentials.

Compare that with the Home Depot results. To oversimplify, Americans who own homes and their home equity are financially stronger and are therefore more willing and able to continue spending, even on larger items like home renovations. It’s also easier to justify not buying an extra toy from Walmart than leaving a wall half painted.

The second big takeaway is that while consumers and demand remain robust, retailers won’t see the full benefits of this trend.

Walmart’s sales were better than expected, but its profits still declined as the company grappled with issues such as supply chain issues, higher wages and category spending changes that weighed on the margins. And Home Depot, despite all the good news in its quarter, also saw its gross margins plummet.

“No details were provided in the release, but we suspect the gross margin contraction…was likely due to higher transportation costs, an unfavorable change in product mix and material costs. raw materials,” as well as reinvestments in its business, writes Bobby Griffin, an analyst at Raymond James. Home Depot.

The fact that freight prices, supply chain issues and other problems remain means that even if retailers continue to enjoy strong sales, all of this will not affect their bottom line.

“We are likely to see an increase in business performance as retailers face a dynamic operating environment, including waves of Covid, supply chain disruptions and inflationary pressures,” writes David Silverman, senior director at Fitch Ratings.

Perhaps the last takeaway is that the macro is even more important to the market. Walmart is down more than 10% in a recent check, a strong reaction, while Home Depot’s early gains were sluggish about 1%, lower than gains in the broader market. Clearly, investors just aren’t ready to believe retailers just yet.

With Target and Lowe’s earnings on tap tomorrow, we’ll see if they get more confidence.

Write to Teresa Rivas at teresa.rivas@barrons.com

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Custom Premixes Market Industry Size, Share, Future Demands, Gross Margin, Growth Factors, Emerging Technologies and Latest Innovations https://songhaizeng.com/custom-premixes-market-industry-size-share-future-demands-gross-margin-growth-factors-emerging-technologies-and-latest-innovations/ Thu, 05 May 2022 11:23:27 +0000 https://songhaizeng.com/custom-premixes-market-industry-size-share-future-demands-gross-margin-growth-factors-emerging-technologies-and-latest-innovations/ The premier Custom Premixes Market report offers industry specific study of the Custom Premixes Market defining market definition, classifications, applications, commitments, and global industry trends. The report outlines significant product developments and tracks recent acquisitions, mergers, and research in the Custom Premixes Market industry by major market players. This global market report includes all the […]]]>

The premier Custom Premixes Market report offers industry specific study of the Custom Premixes Market defining market definition, classifications, applications, commitments, and global industry trends. The report outlines significant product developments and tracks recent acquisitions, mergers, and research in the Custom Premixes Market industry by major market players. This global market report includes all the company profiles of the major players and brands in the market. Market drivers and restraints have also been studied here using SWOT analysis. An all-inclusive Custom Premix Market business report not only gives an edge to expand the business but also helps in outscoring the competition.

Using a few steps or a number of steps, the process of formulating the Custom Premixes market research report begins with the expert guidance. This industry report contains a chapter on the Global Custom Premixes Market and all its related companies with their profiles, which presents valuable data regarding their prospects in terms of finances, product portfolios, investment plans and marketing and sales strategies. This market report makes the organization armed with data and information generated through sound research methods. The Custom Premixes Market document contains a comprehensive background analysis of the industry, which includes an assessment of the parenting market.

Custom premix market Market growth is expected to increase during the forecast period from 2020 to 2027. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.4% during the forecast period from 2020 to 2027 and is expected to reach 494 USD .81 million by 2027. High demand for micronutrient fortified food products and emerging economy is accelerating the growth of the market.

Comprehensive study compiled with a list of tables and figures, profiling over 10 companies. Request sample (high priority to corporate email id) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=asia-pacific-customized-premixes-market

Competitive Analysis: Global Custom premix market

The report can answer the following questions:

  • North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Custom Premixes.
  • Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Custom Premixes.
  • Major Global Countries (USA, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue, and growth rate) of Custom Premixes.
  • Different types and applications of Custom Premixes, market share of each type and application by revenue.
  • Forecast the global Custom Premixes market size (sales, revenue) by regions and countries from 2022 to 2028 of Custom Premixes.
  • Upstream raw materials and manufacturing equipment, industry chain analysis of Custom Premixes.
  • SWOT analysis of custom premixes.
  • Investment feasibility analysis in a new custom premix project.

Main points covered in the table of contents:

Custom Premixes Market Overview: It includes six sections, research scope, key manufacturers covered, market fragments by type, Custom Premixes market shares by application, study objectives, and years considered.

Custom Premixes Market Landscape: Here, the global Custom Premixes market opposition is dissected, by value, revenue, transactions, and slice of the pie by organization, market rate, fierce circumstances Latest landscape and patterns, consolidation, development, obtaining, and parts of the l global industry of the best organizations.

Custom Premixes Manufacturer Profiles: Here, the driving players of the global Custom Premixes market are considered dependent on region of transactions, key elements, net benefit, revenue, cost, and creation.

Custom Premixes Market Status and Outlook by Region: In this segment, the report examines net benefit, transactions, revenue, creation, global industry share, CAGR, and market size by region. Here, the global custom premix market is thoroughly examined based on regions and countries like North America, Europe, China, India, Japan, and MEA.

Application or end user of custom premixes: This segment of the exploration study shows how extraordinary end-customer/application sections are adding in the global custom premix market.

Custom Premixes Market Forecast: On the production side: in this part of the report, the creators have focused on the conjecture of creation and creation esteem, the gauge of the main manufacturers and the estimation of creation and creation esteem by kind.

Custom Premixes Research Results and Conclusion: This is one of the last segments of the report where the findings of the investigators and the end of the exploratory study are given.

Click to view the table of contents, figure and tables of the full report: https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-customized-premixes-market

Answers to key questions in the report:

  • What will be the pace of market development of the Custom Premixes market?
  • What are the key factors driving the global custom premix market?
  • Who are the main manufacturers on the market?
  • What are the market openings, market risks and market outline?
  • What are sales volume, revenue, and price analysis of top manufacturers of Custom Premixes market?
  • Who are the distributors, traders and dealers of Custom Premixes market?
  • What are the Custom Premix market opportunities and threats faced by the vendors in the global Custom Premix Industries?
  • What are the deals, revenue, and value review by market types and uses?
  • What are the transactions, revenue and value review by business areas?

Our reports will help customers resolve the following issues:

Uncertainty about the future: Our research and insights help our clients predict revenue buckets and growth ranges in the future. This will help our clients to invest or sell their assets.

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For a strategy, it is essential to have an objective understanding of market opinions. Our research provides a clear picture of the market mood. We maintain this oversight by engaging with key opinion leaders across the value chain in each industry.

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Our analysis assesses the investment centers of the market based on projected demand, returns and profit margins. By using our market research, our clients can focus on the most important investment centers.

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Our research and insights help our clients identify business partners.

For more information or query or customization before buying, visit @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=asia-pacific-customized-premixes-market

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Smucker’s JM (SJM) wins on demand despite cost hurdles https://songhaizeng.com/smuckers-jm-sjm-wins-on-demand-despite-cost-hurdles/ Tue, 03 May 2022 13:30:00 +0000 https://songhaizeng.com/smuckers-jm-sjm-wins-on-demand-despite-cost-hurdles/ The JM Smucker Company SJM benefited from its focus on core priorities, the relaunch of the out-of-home division and cautious buyouts and alliances. These benefits are likely to work well for the business amid growing cost challenges and supply chain bottlenecks. Let’s go deeper. Things are working well for the JM Smucker The JM Smucker […]]]>

The JM Smucker Company SJM benefited from its focus on core priorities, the relaunch of the out-of-home division and cautious buyouts and alliances. These benefits are likely to work well for the business amid growing cost challenges and supply chain bottlenecks. Let’s go deeper.

Things are working well for the JM Smucker

The JM Smucker is making good progress with its core priorities, which include driving business excellence, redesigning the portfolio, streamlining the cost structure and unleashing its organization to win. The strength of these strategies helps SJM meet complex supply chain challenges. It also helps the company improve in-store fundamentals and brand inventory performance. The company is implementing inflation-justified pricing actions across all businesses with less than expected elasticity impacts.

In its most recent earnings call, management noted that it increased or maintained market share of 68% of its U.S. retail revenue in the third quarter of fiscal 2022. is committed to increasing its focus and resources to reshape the portfolio to achieve sustainable growth. in the categories of pet food and pet snacks, coffee and snacks. In addition, to streamline costs, management has optimized its supply chain, reduced discretionary costs and increased network production efficiency. Management expects SD&A spend to decline 10% in FY2022, reflecting gains from cost management and organizational restructuring programs, reduced marketing spend, lower incentive compensation and lower discretionary spending.

To reshape the portfolio, The JM Smucker completed the divestiture of the Private Label Dry Pet Food business and the Natural Beverage and Grains business in the third quarter of fiscal 2022. Previously, management had divested the Natural Balance business Premium Pet Food in February 2021. Additionally, the company sold its Crisco oils and shortenings business to B&G Foods BGS in December 2020. Previously, The JM Smucker divested its US canned milk and bakery businesses. Such moves will help the company focus on its resources and portfolio in the pet food, snacks and coffee categories. Additionally, SJM has formed key partnerships with a number of coffee companies. In this regard, the company’s alliance with JDE Peet’s is remarkable. Additionally, the company’s agreement with Keurig Green Mountain (KGM) and Dunkin’ Brands Group, Inc, to manufacture and sell the K-Cup product category has yielded positive results since fiscal 2016.

JM Smucker is benefiting from the revival of the out-of-home division. This was seen in the third quarter of fiscal 2022, as net sales increased 13% to $265.6 million in the International and Out-of-Home segment. Management said the company’s out-of-home sales were back to around 95% of pre-pandemic levels, with liquid coffee and portion-control spreads the main contributors to the recovery.

JM Smucker expects to see continued strong demand for its products. Management remains encouraged by its overall coffee portfolio, as coffee-at-home habits created during the pandemic are likely to continue. On a comparable basis, net sales for fiscal 2022 are expected to improve by nearly 4.5% at the midpoint of the adjusted earnings per share (EPS) guidance range. This should be supported by a rebound in out-of-home channels, increased net pricing across multiple categories, improved volume/mix for core brands in every U.S. retail unit, and continued net sales growth at two digits for SJM’s Uncrustables brand. These are likely to be partially offset by a deceleration in home consumption and supply chain headwinds (which are likely to impact the pet food business of the company).

Main Headwinds

The JM Smucker faces cost inflation and supply chain and transportation issues, as well as isolated labor shortages. In the third quarter of fiscal 2022, adjusted gross profit fell 8% to $712.3 million. Adjusted gross profit margin decreased to 34.6% from 37.3% in the prior year quarter. This is due to the high cost of raw materials and ingredients, manufacturing, packaging and transportation, as well as a lower volume/mix. Apart from that, the comparison with divestiture earnings also had an impact on the gross margin growth. These were somewhat offset by price actions. Adjusted operating income decreased 6% to $377.9 million. Adjusted operating margin was 18.4%, compared to 19.4% in the prior year quarter, due to a lower gross margin.

Adjusted gross margin is expected to reach nearly 35% in fiscal 2022, with cost inflation expected to have a low double-digit impact on total cost of goods sold. In the fourth quarter, management expects gross margin to decline by approximately 350 basis points (bps), primarily due to inflated green coffee costs.

Other companies struggle with cost issues

Several other food companies are struggling with cost challenges. Conagra Brands CAG has been dealing with cost of goods sold inflation for some time now. Despite increasing its FY22 organic net sales guidance, Conagra reduced its adjusted operating margin and EPS view due to higher cost of goods sold inflation and business lag additional pricing. Although CAG is taking the necessary pricing and cost-saving measures, these are not likely to fully offset input cost inflation in fiscal 2022 due to a lag between the announcement and the implementation of these measures.

B&G Foods is also battling cost inflation. In the fourth quarter of fiscal 2021, BGS’s gross margin of 19.7% contracted by 160 basis points. Gross margin in the fourth quarter of 2021 was impacted by higher than expected input cost inflation. B&G Foods expects input cost inflation to have a huge effect on the entire industry in fiscal 2022.

KelloggK’s gross margin in the fourth quarter of 2021 was impacted by accelerating market-driven cost inflation, supply chain disruptions and costs related to the US grain strike . Kellogg expects cost inflation to hit double digits, with first-half inflation outpacing second-half inflation in 2022. K expects to see bottlenecks and persistent shortages in the supply chain at least until the first half of 2022.

Coming back to The JM Smucker, the aforementioned benefits are likely to help the company hold firm despite cost headwinds.

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Spotify drops 11% to all-time low after earnings raise margin concerns (NYSE:SPOT) https://songhaizeng.com/spotify-drops-11-to-all-time-low-after-earnings-raise-margin-concerns-nysespot/ Wed, 27 Apr 2022 15:15:00 +0000 https://songhaizeng.com/spotify-drops-11-to-all-time-low-after-earnings-raise-margin-concerns-nysespot/ Spencer Platt/Getty Images News Spotify (NYSE: SPOT) possesses fell 10.7% at an all-time low, breaking through the $100/share barrier after a mixed report in the first quarter which initially attracted positive attention, but analysts raised concerns about the margin forecast. Revenues were mostly in line with expectations with 24% growth, and users grew at a […]]]>

Spencer Platt/Getty Images News

Spotify (NYSE: SPOT) possesses fell 10.7% at an all-time low, breaking through the $100/share barrier after a mixed report in the first quarter which initially attracted positive attention, but analysts raised concerns about the margin forecast.

Revenues were mostly in line with expectations with 24% growth, and users grew at a 19% pace (premium subscribers grew 15% given the gradual decline in Russia). Ad-supported monthly active users also exceeded expectations with a growth rate of 21% to 252 million.

That’s better than feared, Citi reports, though he’s worried about Spotify’s forecast that second-quarter gross margins would hold steady at 25.2% (slightly below estimates of 27 %) – as well as forecasts of an operating loss of 197 million euros.

JP Morgan agreed the report was strong, with most metrics beating expectations (once you exclude Russia), “and we’re encouraged that ad revenue continues to grow 20%…suggesting an increase traction of podcast ads”. But he’s also concerned about guidance for the same issues: operating loss and gross margin.

Truist Securities likes the “very strong” report – although it adds that not only gross margin forecasts but also subscribers were below its model.

Citi, JP Morgan and Truist all have buy ratings, but a bear also weighed in: Underweight Wells Fargo also found the margin forecast to be the “most worrying” part of a report, but praised the growth in average revenue per user (premium ARPU increased by 6%, or 3% at constant exchange rates). Sentiment has turned against the business model and the margin is the “pivot” to a rebound, according to the bank.

In the latest podcasting news, Barack and Michelle Obama have parted ways with Spotify, planning to move their post-White House podcasting projects to another house.

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Procore stock: liquidation despite significant revenue growth (NYSE: PCOR) https://songhaizeng.com/procore-stock-liquidation-despite-significant-revenue-growth-nyse-pcor/ Sun, 24 Apr 2022 11:19:00 +0000 https://songhaizeng.com/procore-stock-liquidation-despite-significant-revenue-growth-nyse-pcor/ adamkaz/E+ via Getty Images “Wise men aren’t pacifists; they’re just less likely to jump up and fight back against their antagonists. They know that useless antagonists are pretty much insecure enough already.” – Criss Jami Today we’re doing our first in-depth review look at a mid-cap technology company. Like so many others in the SaaS […]]]>

adamkaz/E+ via Getty Images

“Wise men aren’t pacifists; they’re just less likely to jump up and fight back against their antagonists. They know that useless antagonists are pretty much insecure enough already.” – Criss Jami

Today we’re doing our first in-depth review look at a mid-cap technology company. Like so many others in the SaaS space in recent months, stocks have suffered a substantial sell-off. The company experiences significant revenue growth and buys from a beneficial owner. A full analysis follows below.

Stock chart

Looking for Alpha

Company presentation:

Procore Technologies, Inc. (NYSE: PCOR) is a Carpinteria, CA-based provider of cloud-based construction management software, connecting owners, architects, engineers, general contractors, and more. on one platform. As of December 31, 2021, the company had 12,193 customers to its subscription service, encompassing more than two million users in more than 125 countries. Procore was formed in 2002 and went public in May 2021, generating net proceeds of $665.1 million at $67 per share. The stock is trading at just over $51.00, which translates to a market capitalization of just over $6.8 billion.

construction industry

Procore is the only company focused solely on the needs of the construction industry, which according to McKinsey & Company is the second least digitized industry in the world, surpassing only agriculture. The industry appears to be in need of a massive efficiency upgrade based on the same consultancy estimating that a typical large non-residential construction project is 80% over budget and 20 months behind schedule. Labor productivity in the construction industry has grown at a CAGR of 1% over the past two decades, compared to a cross-industry average of 3%. With the labor market extremely tight, the need to increase productivity is obvious.

And with construction spending estimated at $14 trillion by 2025, the opportunity for Procore is significant. Based on spending on software applications by construction companies, the company estimates its potential market to exceed $17 billion in 2025. To date, management estimates that it has only achieved a penetration rate of at a figure of its targeted logos. As such, it uses IPO capital and gross profits to rapidly expand its customer base, building on its lead over other potential competitors. That said, many management tools offered by third-party vendors (e.g., scheduling software Oracle (ORCL)) – more than 250 in total – are already integrated on the Procore platform.

business model

The company offers 14 products covering five categories: project, resource and financial management, as well as preconstruction and analysis. These offerings are designed to do away with the enterprise resource planning apps, spreadsheets, and built-in project management tools that have characterized the underdigitized vertical. Procore’s subscription fees are not seat- or user-specific, but are a flat fee that is based on the number and mix of products and the annual build volume performed on its platform. The subscription conditions are annual or multi-annual. At the time of the company’s IPO, 43% of its customers subscribed to four or more products.

Use of IPO proceeds

To bolster its product and customer portfolios, Procore has acquired eight companies since 2018, the most significant of which was its post-IPO (November 2021) purchase of lien management solution provider Levelset. For a total consideration of $484.1 million ($426.1 million in cash), Procore not only increased its financial technology, but added more than 3,000 customers – not counting the number indicated in the paragraph of opening. The company also purchased workplace solutions provider LaborChart in October 2021. For technology that facilitates scheduling, office-to-field communications, certification tracking, management and analytics, the company paid $76.2 million. of dollars.

Growth trajectory

Although many projects have been considered ‘essential‘ during the pandemic, the construction industry has been significantly impacted, with 78% of domestic general contractors reporting a halted or delayed project in 2020. Despite this headwind contributing to a 9% decline in US housing starts, Procore was able to grow its customer base 20% to 10,166 in 2020, although this improvement was down from 40% in 2019. To some extent, the business was helped by the pandemic as it demonstrated the usefulness of its platform in a very uncertain work environment.

In addition to signing new logos to its platform, Procore is increasing revenue by expanding the number of offerings current customers are using. As of December 31, 2021, 71% of the company’s revenue was generated by customers using four or more products. Additionally, with only 15% of its revenue generated internationally, Procore is growing geographically, recently announcing a move to France (with Germany targeted later in 2022) to further develop its opportunity in Europe.

Share price performance

Seen as a winner with business returning to some semblance of normal as the pandemic emerges, the market pushed Procore shares up from the start, with its opening trade taking place at a $17 premium to its IPO price. The stock has crossed the $100 per share threshold several times – most recently in October 2021 – but with inflation pushing investors to favor companies with strong results, the multiple squeeze has hit the fast risers at the top income statement and SaaS providers have not been spared. . As a result, PCOR shares briefly dipped below $50 per share in mid-March 2022, and are barely trading above that level now.

4Q’21 results and 2022 outlook

Procore itself has not stumbled operationally since entering the public markets, beating the Street consensus on its top and bottom results in 2Q and 3Q21. On February 22, 2022, the company reported a 4Q21 loss of $0.15 per share (non-GAAP) on revenue of $146.1 million versus a loss of $0.94 per share (non-GAAP) on revenue of $109.5 million in fiscal 2020, an increase of 33% (30% organic) and a $7.9 million overrun on its revenue expectations. The benefits are in line with the consensus.

Its marketing efforts resulted in the onboarding of 588 new accounts during the quarter while achieving a gross revenue retention rate of 95% in 2021. Accounts generating more than $100,000 in annual recurring revenue or ARR increased by 32% to 1,111, while those responsible for more than $1 million in ARR increased by 50% to 30.

For FY21, Procore lost $32.6 million from $42.0 million in FY20, while revenue jumped 29% to $514.8 million. Non-GAAP gross margin improved 1% to 84% while non-GAAP operating margin was negative 6%.

Management forecast 1Q22 revenue of $150 million and FY22 revenue of $663.5 million (both based on range midpoints), beating Street estimates of 142.8 million and $631.7 million (respectively), with Levelset accounting for approximately $25 million of its FY22 projection. As the company continues to aggressively expand its customer base, it has projected a margin non-GAAP operating profit in a negative 15% to 16% range for the quarter and year, with Levelset representing a headwind of 400 basis points.

Review and analysts’ comments:

Having used approximately three-quarters of its IPO proceeds for acquisitions, Procore held cash and cash equivalents of $589.2 million, plus $75.0 million of additional cash provided by an unused credit facility as of 31 December 2022. With $36.7 million of cash provided by operating activities in FY21 and $602.6 million of performance obligations remaining (of which 70% to be realized over the next twelve months) , the company is in an excellent financial position to grow its business.

Street analysts are bullish on Procore, with five buy ratings and five outperform ratings against a single take with a 12-month median price target of nearly $90 per share. Consensus estimates call for a non-GAAP loss of $0.75 per share on revenue of $663.8 million in FY22, followed by a loss of $0.58 per share (non-GAAP) on revenues of $822.5 million in FY23. This latest forecast represents a 24% improvement in revenue over FY22.

ICONIQ Strategic Partners, represented on the company’s board by William Griffith, took advantage of weakness in mid-March to acquire more than 1.17 million shares, bringing its total stake north of 45 million, or 33% of the company. It should be noted that several executives used the post-lockdown period as a selling opportunity.

Verdict:

In October 2021, shares of PCOR were trading at a 22nd year price-to-sales ratio above 20. With soaring inflation and risky trading in vogue, this ratio has “decline” to just a little more than 10, which makes 19x FY22E revenue the company paid for Levelset to bolster its aggressive fintech offerings to scratch your head. That said, Procore’s long-term prospects are exceptional, as it develops a somewhat monopolistic ecosystem in an extremely large, underdigitized and underserved vertical. And it’s a good strategy to spend now in an attempt to own a space that no other tech company pays so much attention to. The question is whether revenue growth of 29% this year and 24% in FY23 – while losing money in the bottom line – warrants a price-to-value measure. sales above 10, even with a gross margin in the mid-80s. In other words, will margin compression in the SaaS space continue?

The bet here is that it does, but with a good premium in options, a drop to the mid $40s in this failed IPO would be a solid covered call access point. Until then, we remain on the sidelines given the current dismal market environment.

“Revenge is a monster of appetite, always bloodthirsty and never satiated.” ―Richelle E. Goodrich

Bret Jensen is the founder and author of articles for the Biotech Forum, the Busted IPO Forum and the Insiders Forum

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Dividends and redemptions offer high return potential https://songhaizeng.com/dividends-and-redemptions-offer-high-return-potential/ Fri, 22 Apr 2022 20:03:11 +0000 https://songhaizeng.com/dividends-and-redemptions-offer-high-return-potential/ Williams-Sonoma (WSM) is a retailer of many types of home products, such as furniture, bedding, lighting, rugs and other products. It operates in two segments: E-Commerce and Retail. It sells its products under the brands Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, etc. We are bullish on the stock as we believe it […]]]>

Williams-Sonoma (WSM) is a retailer of many types of home products, such as furniture, bedding, lighting, rugs and other products. It operates in two segments: E-Commerce and Retail. It sells its products under the brands Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, etc.

We are bullish on the stock as we believe it is an undervalued high quality company.

Economic spread of Williams-Sonoma

Large companies often have excellent management teams that can effectively allocate capital to profitable projects. Many professional fund managers tout the importance of meeting with a company’s CEO to assess whether that person is a good fit for the job.

However, we can get a good picture of management effectiveness just by looking at the numbers. One metric we like to look at is economic spread, which is defined as follows:

Economic distribution = Return on invested capital – Weighted average cost of capital

The idea is simple; if the return on invested capital is higher than the cost of this same capital, then the company creates value for its shareholders through well thought out projects. Otherwise, the company is destroying value and would be better off just investing the money in risk-free bonds.

For Williams-Sonoma, the economic breakdown is as follows:

Economic spread = 34.6% – 8%

Economic spread = 26.6%

As a result, the company creates value for its shareholders, which requires management to allocate capital efficiently.

Competitive advantage and margins

There are several ways to quantify a company’s competitive advantage using only its income statement. The first method is to calculate the Earning Power Value (EPV).

The value of earning power is measured as adjusted EBIT after tax divided by the weighted average cost of capital, and the value of reproduction (the cost it would take to replicate the business) can be measured using the value total assets. If the earning power value is greater than the reproductive value, then a firm is considered to have a competitive advantage.

The calculation is as follows:

EPV = Adjusted Earnings EPV / WACC

$10.675 billion = $854 million / 0.08

Given that Williams-Sonoma has a total asset value of $4.63 billion, we can say that it has a competitive edge. In other words, assuming no growth for Williams-Sonoma, it would take $4.63 billion in assets to generate $10.675 billion in value over time.

The second way to determine a competitive advantage is to look at a company’s gross margin, as it represents the premium consumers are willing to pay over the cost of a product or service. An expanding gross margin indicates that a sustainable competitive advantage is present.

If a company does not have an advantage, new entrants will gradually take market share, which will cause the gross margin to decline over time.

As for Williams-Sonoma, its gross margin has increased in recent years, from 36.5% five years ago to 44% last year. Therefore, the evolution of its gross margin indicates that a competitive advantage is also present in this regard.

WSM may even maintain or see higher long-term margins due to potential growth in its B2B business. Here’s what CEO Laura Alber said on the last conference call:

“Our B2B business has enormous potential to contribute to our bottom line. Our growth targets continue to increase as we unlock new opportunities. And not only is our B2B business model accretive to our gross margin, but even more accretive to operating margin due to its fixed operating costs. We continue to exceed our own expectations for this business and, longer term, we believe this is one of our greatest opportunities.

Nonetheless, management’s forecast for next year calls for its operating margin to be roughly in line with fiscal 2021, which would be impressive to see in this inflationary environment where operating costs are rising. .

High profitability

Over the past 12 months, Williams-Sonoma has recorded approximately $1.15 billion in free cash flow, making it profitable by our definition. This means that the company does not have to rely on capital increases to continue financing its growth.

More importantly, its free cash flow has been on an upward trend in recent years, being just $341.1 million in the fiscal year ending January 2016. For us, that means that the company’s free cash flows are reasonably predictable.

Dividends, redemptions and valuation

Williams-Sonoma is known for its dividend growth and buyouts. Currently, its dividend yield is 2.3%, which isn’t bad considering it has room for rapid growth. The dividend increased by 10% last month, which is respectable.

Its five- and 10-year dividend CAGR is just over 13%. To put that into perspective, 10 years ago its dividend was $0.88 per share; now it’s $3.12. Its payout ratio of 17% suggests that the dividend is well covered and can grow without any problem.

The company also has no interest-bearing debt and has cash of $850.3 million. With a market capitalization of approximately $9.7 billion, its cash represents approximately 8.8% of its market capitalization.

WSM can use its cash combined with its high free cash flow to buy back a large portion of its shares. In fact, that’s exactly what he plans to do. Last month, WSM authorized $1.5 billion in buybacks. If the company ends up repurchasing all of those shares at an average price close to its current price of around $135, that would equate to around 15.5% of its market capitalization.

Add the dividend and you have high return potential. Finally, earnings are expected to increase over the next few years, and with forward EPS forecast at $15.28, this implies a forward P/E multiple of around 8.8, which seems cheap to us.

Risks

To measure the risk of Williams-Sonoma, we can check if leverage is an issue. To do this, we compare its debt to free cash flow. Currently, this number rises to 1.1 (if you include rental debts as debt). Also, looking at historical trends, its debt to free cash flow ratio tends to go down.

Overall, we don’t think debt currently poses a significant risk to the company, as it has paid off all of its interest-bearing debt over the past few years and has always been responsible when it comes to debt.

However, there are other risks associated with Williams-Sonoma. According to Tipranks’ risk analysis, the company disclosed 43 risks in its latest earnings report. The highest level of risk came from the Finance & Corporate category.

The Taking of Wall Street

As far as Wall Street is concerned, WSM has a Consensus Hold rating. This is based on six buy ratings, five hold ratings and four sell ratings given over the last three months. The Williams-Sonoma average price prediction of $178 implies 31.7% upside potential.

Analyst price targets range from a low of $132 per share to a high of $225 per share.

Conclusion

Williams-Sonoma sold recently on fears of recession and inflation. Perhaps the market doesn’t believe it can sustain earnings and margins in an inflationary or recessionary environment.

While this sale may continue in the short term, we believe the long term situation is better as WSM has a strong track record of growth, profitability and good returns due to its competitive advantages. At the current low valuation, we are bullish on WSM stock.

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On track to meet full year guidance, product gross margin of 35% https://songhaizeng.com/on-track-to-meet-full-year-guidance-product-gross-margin-of-35/ Thu, 21 Apr 2022 06:12:14 +0000 https://songhaizeng.com/on-track-to-meet-full-year-guidance-product-gross-margin-of-35/ Biocartis SA PRESS RELEASE: REGULATED INFORMATION April 21, 2022, 07:00 CEST Biocartis publishes its results for the first quarter of 2022: On track to provide full year guidance, Gross margin on products of 35% Mechelen, Belgium, April 21th 2022 – Biocartis Group NV (the “Company” or “Biocartis”), an innovative molecular diagnostics company (Euronext Brussels: BCART), […]]]>

Biocartis SA

PRESS RELEASE: REGULATED INFORMATION

April 21, 2022, 07:00 CEST

Biocartis publishes its results for the first quarter of 2022:
On track to provide full year guidance,
Gross margin on products of 35%

Mechelen, Belgium, April 21th 2022 Biocartis Group NV (the “Company” or “Biocartis”), an innovative molecular diagnostics company (Euronext Brussels: BCART), today provides a business update for the first quarter of 2022 and outlook for the entire the year 2022.

Commenting on the Q1 2022 business update, Herman Verrelst, CEO of Biocartis,
mentioned: Building on our strong fundamentals, wWe have started 2022 successfully. Our financial measures for the first trimester clearly to proveD our ability to evolve. Our volumes of commercial cartridges cafter increase globally, with almost 2,000 Idylla™ instruments installed, increasing product income to EUR ten.1m in Q1 2022. Growth was particularly strong in oncology with cartridge revenue up 42% compared to the first quarter of 2021, while revenue contribution for COVID-19 testing as expected halved year on year. the gross margin on product sales increased for 34.6%, a groundId 16% increase in 2021. Unlike last year, we are productat significantly higher levels of capacity and productivity, as we leverage oyou are fully automated second production line ML2. As a result, our operating cash burn been reduced to EUR ten.3m, compared to EUR 13.7m in the first quarter of 2021. We believe us are clearly on track to achieve our goal targets for 2022 and take another step towards profitability.

Q1 2022 HIGHLIGHTS

  • Product revenue of €10.1 million (Q1 2021: €8.6 million), of which €8.1 million in revenue from 79,800 cartridges sold:

    • Continued strong growth in oncology, driven by the United States, and overall revenue of €6.7 million in oncology, 42% higher than in the first quarter of 2021

    • As expected, revenue contribution from cartridges in infectious disease has been reduced to 10% of total product revenue as demand for COVID-19 testing continues to decline

    • Average selling price (ASP) per commercial cartridge of 114 EUR in oncology and 101 EUR in total

    • 48 net new Idylla™ instruments placed, adding to a total global installed base of 1,960

  • Gross margin on product sales of 35%, compared to 16% for the whole of 2021.

  • Operating cash burn1 of -€10.3 million and a cash position of €37.3 million (unaudited figure) at the end of the first quarter of 2022. The cash position of €53.0 million as of December 31 2021 included €6.0 million drawn on available credit lines which have since been repaid. As of March 31, 2022, available credit facilities of €15.0 million remained entirely unused.

  • Publication of one great new study2 in the Journal of Clinical Pathology comparing runtime difference between in-house automated rapid PCR3-analysis based on EGFR and next-generation sequencing (NGS) by an external laboratory, showing that 6% of patients died before the NGS report was available.

  • New partnership agreement with Ophiomics (Portugal), initially focused on the commercialization of HepatoPredict™, a prognostic gene expression signature test to help identify patients who could benefit from curative surgery, particularly liver transplantation.

  • Continued ramp-up of the fully automated ML2 manufacturing line with the transfer of Idylla™ SARS-CoV-2 products to this line during the first quarter of 2022.

OUTLOOK
Biocartis reconfirms its 2022 profitable growth objectives and plans to:

  • Achieve a product turnover of 50 to 55 million euros in a full year, i.e. a growth of 24% to 36% compared to a turnover of 40.5 million euros in 2021

  • Increase gross margins on product sales to 25% – 30%

  • Reduce operating cash burn (EBITDA plus capital expenditures) by €9.5 million to €13.5 million to be between
    EUR 43 to 47 million for FY22

FINANCIAL CALENDAR 2022

  • May 13, 2022 AG Biocartis Group NV

  • September 1, 2022 2022 half-year results

  • November 10, 2022 Third Quarter 2022 Business Update

— TO FINISH —

More information:
Renate Degrave
Corporate Communication & Investor Relations Manager Biocartis
E-mail rdegrave@biocartis.com
tel +32 15 631 729
mobile +32 471 53 60 64

About Biocartis

Biocartis (Euronext Brussels: BCART) is an innovative molecular diagnostics (MDx) company providing next-generation diagnostic solutions aimed at improving clinical practice for the benefit of patients, clinicians, payers and industry. Biocartis’ proprietary MDx Idylla™ platform is a fully automated real-time PCR (Polymerase Chain Reaction) system that delivers accurate and highly reliable molecular information from virtually any biological sample in virtually any environment. Biocartis develops and markets an ever-expanding menu of tests addressing key unmet clinical needs, with a focus on oncology, which represents the fastest growing segment of the MDx market globally. Today, Biocartis offers tests supporting melanoma, colorectal and lung cancer, as well as COVID-19, influenza, RSV and sepsis. More information: www.biocartis.com. follow us on Twitter: @Biocartis_.

Biocartis and Idylla™ are registered trademarks in Europe, USA States and other countries. The Biocartis and Idylla™ trademark and logo are used trademarks belonging to Biocartis. Please refer to the product labeling for the applicable intended uses for each individual Biocartis product.
This press release is not intended for distribution, directly or indirectly, in any jurisdiction where it would be illegal. Anyone reading this press release should inform themselves about and observe these restrictions. Biocartis assumes no responsibility for any violation of these restrictions by anyone. This press release does not constitute an offer or invitation to sell or buy securities in any jurisdiction. No securities of Biocartis may be offered or sold in the United States of America absent registration with the United States Securities and Exchange Commission or an exemption from registration under the United States Securities Act of 1933, as amended.

Impact of the war in Ukraine
Biocartis has no sales in Ukraine. In Russia, Biocartis is working through a local distributor which achieved its first commercial sales in the first half of 2021 after the completion of the first product registrations in Russia in the first quarter of 2021. The impact on expected revenues for 2022 sales of Russian distributors which were projected before the start of the war, is not material. Supplier exposure is limited to 1 indirect supplier for subparts of the Idylla™ instrument which is based in Russia. Based on the current level of available inventory and the various alternative sources of supply that have been identified and are currently being evaluated, Biocartis does not expect any significant negative impact on the continued supply of instruments.

Forward-looking statements
Certain statements, beliefs and opinions contained in this press release are forward-looking and reflect the current expectations and projections of the Company or, as the case may be, of the directors or management of the Company regarding future events such as results of operations , financial position, liquidity, performance, outlook, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, hypotheses and factors could adversely affect the results and financial effects of the plans and events described herein. A multitude of factors, including but not limited to changes in demand, competition and technology, may cause actual events, performance or results to differ materially from any anticipated development. Forward-looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. Furthermore, even if actual results or developments are consistent with the forward-looking statements contained in this press release, such results or developments may not be indicative of results or developments in future periods. No representation or warranty is made as to the accuracy or correctness of these forward-looking statements. Accordingly, the Company expressly disclaims any obligation or undertaking to issue updates or revisions to any forward-looking statements contained in this press release. as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except as specifically required by law or regulation. Neither the Company, nor its advisers or representatives, nor any of its subsidiaries or the officers or employees of such persons warrant that the assumptions underlying these forward-looking statements are free from error and accept no responsibility for the future accuracy of forward-looking statements. statements contained in this press release or the actual occurrence of anticipated developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

1 EBITDA plus investments

2 A. Finall et al., J Clin Pathol. 2022 Jan 18;jclinpath-2021-207987. doi: 10.1136/jclinpath-2021-207987. Online ahead of print
3 The polymerase chain reaction or PCR is a rapid and inexpensive technique used to amplify or copy small segments of DNA and used to detect genetic material such as biomarkers that lead to cancer

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