SMWB - Similarweb Answers The Questions With Profitability And Positive Free Cash Flow
2024-03-19 17:46:29 ET
Summary
- Similarweb Ltd. achieved profitability and positive free cash flow in Q4 2023, driving an upgrade in stock rating.
- The company is focused on obtaining profitable growth and aims to achieve sustainable growth with the rule of 40.
- Similarweb's revenue growth and profitability momentum are sustainable, with strong customer engagement and growth.
When I last wrote about digital marketing software company Similarweb Ltd. ( SMWB ), I worried that reduced guidance flagged likely future weakness in the company’s results. I did not see a clear path for converting the company’s increased free users into paying subscribers. The company did not describe its AI offering, SimilarAsk, in a compelling way. Yet, the company’s valuation was low enough to warrant considering a bet on a better future....
Similarweb Answers The Questions With Profitability And Positive Free Cash Flow