While the stock remains up around 30% for the year, Avalara (AVLR) has not moved too much over the past few weeks since reporting earnings. The company reported a good start to the year considering the looming uncertainties around the global pandemic.
Q1 revenue grew 31% and while above expectations, decelerated from the 40% growth last quarter. Overall metrics showed some level of slowdown, likely resulting from companies starting to feel pressure from the global pandemic in the latter half of the quarter.
Management also lowered their full year guidance to $455-465 million,