American Software Sees No Growth In New Fiscal Year

Summary

  • American Software, Inc. reported its FQ4 and fiscal 2023 financial results on June 8, 2023.
  • The firm provides supply chain management software and related services to organizations.
  • American Software leadership has guided fiscal 2024 top line revenue to no growth, and the stock's valuation looks full at best.
  • I'm on Hold for American Software stock in the near term until management can profitably reignite revenue growth.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

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A Quick Take On American Software

American Software, Inc. (AMSWA) reported its FQ4 2023 financial results on June 8, 2023, missing revenue but beating EPS consensus estimates.

The firm provides supply chain management software and consulting

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This article was written by

21.12K Followers

Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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