WKME - WalkMe Suffers Revenue Growth Headwinds As It Seeks Breakeven
2024-05-02 15:55:10 ET
Summary
- WalkMe Ltd. sells its Digital Adoption Platform to help companies improve user engagement and experience.
- The global digital adoption platform market is expected to reach $2.8 billion by 2030, driven by the need for personalized user experiences and AI-enabled technologies.
- WalkMe is focusing on Global 2000 and Enterprise customers, and its partner approach plays a critical role in its revenue generation.
- But top-line revenue growth has fallen as it seeks operating breakeven in a high cost of capital environment.
- Until management can reignite growth while achieving operating breakeven, I'm Neutral - Hold on WalkMe Ltd.
Investment Outlook
WalkMe Ltd. ( WKME ) sells access to its Digital Adoption Platform to help companies maximize user engagement and experience.
The company went public in June 2021, selling its shares for $31.00 each.
I previously wrote about WalkMe in August 2023 with a Hold outlook on continued material operating losses in a higher cost of capital environment....
WalkMe Suffers Revenue Growth Headwinds As It Seeks Breakeven