- TaskUs ( NASDAQ: TASK ) Q2 revenue jumped 37% Y/Y to $246.5M beats consensus by $4.41M .
- GAAP net income of $7.7M, GAAP net income margin of 3.1%.
- Non-GAAP adjusted net income of $38.7M, non-GAAP adjusted net income margin of 15.7%.
- Adjusted EBITDA of $55.7 million, Adjusted EBITDA margin of 22.6%
- Net cash provided by operating activities of $36.1M, Free Cash Flow of $24.5M and 44.0% conversion of adjusted EBITDA.
- Non-GAAP EPS of $0.38 beats consensus by $0.05 .
- FY 2022 outlook : Revenues $930M- $950M ( vs. consensus $969.49M ), representing growth of 23.6% at the midpoint, Adjusted EBITDA margin of ~22.3%, and ~$100M.
- Non-GAAP EPS of $0.38 beats consensus by $0.05 .
- “Our growth in the second quarter was driven by the continued expansion with our existing clients as well as new client engagements across our service lines. In the current macro environment, our differentiated global footprint and automation capabilities position us well to continue to win competitive deals and grow faster than the market in both 2022 and beyond. We are investing to drive profitable growth and continued strong free cash flow generation.” said Co-Founder and CEO Bryce Maddock.
- Author with Hold rating writes: 'TASK has produced enviable growth and profit results and appears positioned for growth ahead; the stock looks undervalued.'
- SA Author with Buy rating and 3.50 score; s ell-side analyst give the stock a Buy rating and average price target set at $29.78; Quant rating of Hold for the stock and lowest factor grades given to momentum.
- The stock has declined about 40% over the last one year.
- Previously (Aug. 8): TaskUs Non-GAAP EPS of $0.38 beats by $0.05, revenue of $246.5M beats by $4.41M
For further details see:
TaskUs plunges 21% on guiding FY 2022 below consensus