Shares of Bill.com Holdings Inc. are crashing into after-hours trading on Thursday, based on a steep slide experienced in regular sessions, even as the software company tops expectations with its recent results and outlook.
The company, which develops software that helps companies automate financial operations, posted a net loss of .7 86.7 million or 84 cents per share in the third quarter, up from বছরে 26.7 million a year or 32 cents per share in the previous quarter.
On an integrated basis, Bill.com BILL,
It lost 8 cents per share compared to 2 cents per share a year ago, while analysts surveyed by Factset are modeling a 16-cents loss per share.
Revenue rose to $ 166.9 million from $ 59.7 million a year earlier, while Factset agreed to $ 157.9 million.
“Our growth this quarter shows that demand for our solutions continues to grow strongly,” chief executive Renেনে Lassert told the company's earnings call. “We know that in times of inflation, businesses are increasingly looking for cost-effective solutions that provide cash-management control and increase visibility.”
Chief Financial Officer John Ratig later added that, so far, inflation seems to be having a “positive effect on the growth of our total payments”, although the company's view is that such effects are “objective”.
Although both executives addressed the effects of inflation in their prepared comments, several analysts urged the management to discuss further about inflation and threats from the macroeconomic landscape during the Q&A session, pointing to the impact of macro sentiment on Bill.com.
Piper Sandler analyst Brent Breslin Call said, “You can tell from this call that all the introspection with investors is really macro and trying to understand how you are navigating it.
Shares of Bill.com closed up more than 16% in extended trading on Thursday, after falling 13% in the regular session of the day.
For fiscal fourth quarter, Bill.com expects revenue with a consistent loss of-182.3 million to $ 183.3 million, 13-cents to 14-cents per share. Factset Consent had $ 168.7 million in revenue and 15-cents per share for consistent losses.
The company’s outlook for the rest of the fiscal year “assumes that macro factors do not have a material negative impact on our business,” Retig Call said.
