2024-04-06 05:02:48 ET
Summary
- Procore Technologies is a leading provider of cloud-based construction management software and is led by a strong founder-led CEO.
- The company has been growing revenue and client count, but is still unprofitable, and its stock is down since going public.
- Procore operates in the construction industry, which is one of the largest and least digitized industries, presenting a significant opportunity for growth.
Today I’d like to discuss a niche software company that went public back in 2021 . This company has a strong founder-led CEO and has been growing revenue and clientele in recent years. The company’s stock price is up over 12% YTD and is up nearly 40% year-over-year.
However, this is still an unprofitable company, one that hasn’t done much for shareholders yet as the stock is still down since going public....
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Procore Technologies: A Promising Founder-Led Company With Large Opportunity