Workiva (WK), the leading XBRL (eXtensible Business Reporting Language) service provider continued to increase revenue and client count in the second quarter of 2019. The company beat Q2 expectations and even raised guidance for the rest of 2019.
However, Workiva’s stock has tanked over the last few months after the announcement of a secondary offering. Workiva also continues to fall behind rivals when it comes to XBRL quality.
The company has continued to focus on international growth as new XBRL requirements will impact European nations within the next few years. Workiva has