Snowflake GAAP EPS of -$0.43 beats by $0.12, revenue of $383.77M beats by $10.9M

• Snowflake press release (NYSE:SNOW): Q4 GAAP EPS of -$0.43 beats by $0.12.
• Revenue of $383.77M (+101.6% Y/Y) beats by $10.9M.
• It included product revenue of $359.6M, representing 102% year-over-year growth.
• Net revenue retention rate of 178%
• Shares -21%.
• Q1 Guidance: Product Revenue is expected to be in the range of $383-$388M (+79-81% Y/Y); Operating Loss margin expected to be -2%.
• Full year's product revenue to be in the range of $1,880 - $1,900M (+65%-67% Y/Y); Product gross profit margin expected to be 74.5%; Operating Income margin of 1%; and Adjusted free cash flow margin of 15%.

Comments

[H0BB]

Unity is the best Software Stock to buy in this Market, 0 competition…

[Lord Gekko]

cramer can make a case for snowflake to be bought this morning.....

lol let's see ! * gets popcorn ready

[SD_Dude]

"SNOW stock still trades at an EV/NTM Revenue of 44.6x. It's easily above Datadog's (DDOG) 31.9x and Cloudflare's (NET) 32.8x. Furthermore, we can also glean from the first chart that Snowflake stock is well above its peer median of 12.8x. " This was true when $SNOW was around $250 if this moves towards median EV/NTM of 12.8x, this stock will come down to $62.5.

[bluescorpion0]

As far as I can tell , Snowflake is a wrapper platform for data analytics. You get your data in from various proprietary or private sources and use the cloud platform to analyze that data. I am not entirely sure if Google itself and several other companies do not have such capabilities though. Even c3.ai seems to do something similar and is only 2b market cap.

[SD_Dude]

$SNOW has a growth rate problem. There is too much competition in this space and if they lower their price to grow faster, they have to take a hit on margin. This stock has to come down below $100. After the market today, it is more expensive than it was this morning.

[obsessedwithSA]

Started a position after market. $SNOW has been on my radar for quite some time now I get to purchase under its IPO.

[Chris Lau]

SNOW is 1 of the 33 hyper-growth picks with no thanks.

seekingalpha.com/...

[vassille]

Is Buffet still in this one ?

[jeanjl]

@vassille well, Buffet bought at IPO price. still in the money!

[Shamanski]

All I have to say is recurring revenue is the biggest hype nonsense out there.
It is not worth the premium people put on it.

[Bnh91]

@Shamanski ^doesn't understand SNOW's revenue model. Snowflake does not have recurring revenue.

[obsessedwithSA]

@Bnh91 Lolllll well said.

[Iroha Isshiki]

@Shamanski Agree with you, but somehow the king of value investing Warren Buffett is like $2B in on this. Then again, I'm not a Buffett fan so that means nothing to me really.

[PDXGuy]

What a major loss to Buffet 🤭

[Oakland2020]

@PDXGuy How is getting in at 120$ a loss?

[Iroha Isshiki]

@Oakland2020 He lost much of his gains.

[Jimgritz]

@PDXGuy *Buffett* thinks in decades for investments. Do you?

[Chapter 11 day trader]

Cramer won’t ever take blame on these types of calls

[AI STONKS]

@Chapter 11 day trader nope he was pumping it again….I’m speechless. This stock can still go down a lot more imo because of the environment were in. Again, nice company but it has to be reasonable. And after todays hair cut we’re still not there.

[wolverine1987]

Whatever. This is a great company with great management, a great product in huge demand, and great growth. 100% unfazed in my long position, even though I expect lower even from here. Five years from now I know it will be much higher, and unless Frank S leaves I will be here to collect the profits.

[Tippsology]

@wolverine1987 let's get another "great." ha!

[JakerTrade]

@Tippsology They're GRRRREEEEEAAAAAATTTTTTT !!!!!!

[wolverine1987]

@Tippsology the multiple greats were meant, but yeah, you're right

[trustbutverify007]

Forecast quick rebound from 180's to 240, easy money

[trustbutverify007]

@trustbutverify007 EASY MONEY!!! prophecy completed.

[Eagle Watcher]

What a disaster!!!!
Should have sold last week----and bought $CRM.

[PDXGuy]

Yikes severely punished like META

[gutcheck]

what is forward ev/sales at 185 ?

[AS312]

@gutcheck 27x, still too high

[Iroha Isshiki]

Let it go, let it go...

[User 48830101]

is this wrong???????? earnings whispers has this data:

Snowflake Inc Cl A (SNOW) reported a 4th Quarter January 2022 loss of $0.43 per share. The consensus earnings estimate was $0.03 per share on revenue of $372.7 million. The Earnings Whisper number was $0.05 per share

[Iroha Isshiki]

@robert jacob hard to say b/c gaap vs. non-gaap

[svisci]

@Iroha Isshiki non gaap they reported 0.12 vs 0.03 expected....70 mil in free cash flow...

[BRUNEDAV]

Look out below

[bono2005]

lucky I sold half at 356 last year, may buy it back tomorrow around 180 in a bad day

[Pjs4]

@bono2005 former insider. I’m thinking the same

[Moomoo22u2]

$30B of shareholder wealth gone like a fart in the wind.