WKME - WalkMe: Becoming Cash Flow Positive
2024-02-04 09:11:50 ET
Summary
- Today, we take a deeper look at WalkMe Ltd., a cloud-based digital adaption platform and professional services provider based in Tel Aviv, Israel.
- The stock finds itself deep in 'Busted IPO' territory, but the company is turning the quarter on profitability and is becoming free cash flow positive.
- What's ahead for this digital transformation concern in 2024? An analysis follows in the paragraphs below.
A foolish faith in authority is the worst enemy of truth .”? Albert Einstein
Today, we put WalkMe Ltd. ( WKME ) in the spotlight for the first time. This Israeli based company went public during the huge IPO/SPAC wave of 2020 and 2021 that was in large part fueled by easy money from the Federal Reserve. Like most small cap companies birthed from this 'vintage', the stock has destroyed a huge amount of shareholder value since going public....
WalkMe: Becoming Cash Flow Positive