Braze, Inc. (NASDAQ: BRZE), a leading customer engagement platform, has disclosed a strong Cash and Cash Equivalents position in its Q1 2023 SEC report, which ended on April 30, 2023. According to the report, the company finished the quarter with an impressive $116,932 in cash and cash equivalents.
Based on the quarterly financial statements provided, Braze, Inc. as of June 1, 2023, had 63,842,793 shares of Class A and 33,744,159 shares of Class B common stock outstanding, each with a par value of $0.0001 per share. Strong cash reserves and a robust share structure provide a solid foundation for the company’s continued growth and expansion.
Table of Contents
Product Development and Marketing Efforts
In the fast-paced technology world, businesses require a customer engagement platform that can offer personalized messaging and engagement capabilities. Braze’s platform addresses this growing demand and has positioned itself as a leader in the industry. With the recent strong cash position, Braze, Inc. will continue its growth by investing in product development and increasing its marketing efforts.
Growth Strategies and Global Expansion
As observed in the SEC report, Braze, Inc. has estimated a total addressable market opportunity for its platform and outlined strategies for continuing its growth trajectory, both domestically and globally. The company’s focus on increasing customer usage of the platform and its ability to upsell and cross-sell additional products contribute to its revenue growth.
Moreover, Braze’s growth strategies for the platform involve effectively managing its expansion, which includes potential international expansion. With significant cash reserves and steady revenue growth, the company will have the financial resources necessary to establish a strong global presence.
Potential Risks and Uncertainties
However, like any business, the company is not immune to risks and uncertainties. Its report outlines these risks, including the anticipated effects of unstable market and economic conditions on business and financial conditions. The company has also expressed concerns about investing in marketing efforts and any impact of those costs on the overall financial position. Nonetheless, Braze, Inc. appears to be focused on harnessing growth opportunities while mitigating potential challenges in the coming quarters.
Customer Acquisition and Intellectual Property
The company emphasizes its ability to acquire new customers, successfully retain existing ones, and increase platform usage. It also reiterates its dedication to protect and enforce its intellectual property rights to ensure a sustainable revenue stream.
Conclusion
In conclusion, Braze, Inc.’s Q1 2023 SEC report shows a strong cash and cash equivalents position of $116,932. This solid foundation sets the stage for continued growth in both revenues and market presence. As the customer engagement platform industry evolves, Braze’s commitment to innovation and customer focus will no doubt propel the company forward in the months and years ahead.
Income Statement
Financials in millions USD. Fiscal year is February – January. source
| Year | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| 0 | Revenue | 355.43 | 238.04 | 150.19 | 96.36 |
| 1 | Revenue Growth (YoY) | 49.32% | 58.49% | 55.86% | – |
| 2 | Cost of Revenue | 115.82 | 78.51 | 54.51 | 35.69 |
| 3 | Gross Profit | 239.61 | 159.52 | 95.68 | 60.68 |
| 4 | Selling, General & Admin | 290.46 | 178.7 | 98.62 | 73.87 |
| 5 | Research & Development | 97.29 | 59.03 | 29.21 | 20.34 |
| 6 | Operating Expenses | 387.75 | 237.74 | 127.83 | 94.21 |
| 7 | Operating Income | -148.14 | -78.21 | -32.15 | -33.53 |
| 8 | Other Expense / Income | -9.76 | -1.33 | -0.94 | -2.18 |
| 9 | Pretax Income | -138.38 | -76.88 | -31.22 | -31.36 |
| 10 | Income Tax | 0.58 | -0.17 | 0.54 | 0.45 |
| 11 | Net Income | -138.97 | -76.72 | -31.75 | -31.81 |
| 12 | Shares Outstanding (Basic) | 95 | 35 | 18 | 16 |
| 13 | Shares Outstanding (Diluted) | 95 | 35 | 18 | 16 |
| 14 | Shares Change | 170.99% | 94.17% | 11.01% | – |
| 15 | EPS (Basic) | -1.47 | -2.20 | -1.77 | -1.96 |
| 16 | EPS (Diluted) | -1.47 | -2.20 | -1.77 | -1.96 |
| 17 | Free Cash Flow Per Share | -0.41 | -1.14 | -0.58 | -0.61 |
| 18 | Gross Margin | 67.41% | 67.02% | 63.71% | 62.97% |
| 19 | Operating Margin | -41.68% | -32.86% | -21.41% | -34.80% |
| 20 | Profit Margin | -39.10% | -32.23% | -21.14% | -33.01% |
| 21 | Free Cash Flow Margin | -10.98% | -16.71% | -6.95% | -10.29% |
| 22 | EBITDA | -133.77 | -74.11 | -29.63 | -30.71 |
| 23 | EBITDA Margin | -37.64% | -31.13% | -19.73% | -31.87% |
| 24 | Depreciation & Amortization | 4.62 | 2.77 | 1.59 | 0.65 |
| 25 | EBIT | -138.38 | -76.88 | -31.22 | -31.36 |
| 26 | EBIT Margin | -38.93% | -32.30% | -20.78% | -32.54% |
Note that we may hold securities mentioned in this article. All data is based on recent SEC filings. Even though we have implemented various manual and automatic fact-checking and data acquisition processes, some incorrect information may have slipped through (false positive). Let us know if you find any inconsistencies!