Domo, Inc. (DOMO) began trading on the Nasdaq on 29 June 2018

Domo is a business intelligence and data visualization provider,. Competitors include Tableau Software (NYSE:DATA), Qlik, Looker Data Services, Sisense and Tibco.

• Headquarters: American Fork, Utah
• Founder: Josh James
• Founded: 2010
• domo.com
• Priced 9.2 mln share IPO at $21.00 per share, at the higher end of the expected range of $19-22 per share, for a total raise of about $193.2M.

 

First and second days of trading

Domo platform

1-month performance

BrightView (BV) began trading on the NYSE on 28 June 2018

BrightView Holdings, Inc. provides commercial landscaping services in the United States.

• Sector: Industrials
• Industry: Business Services
• Full Time Employees: 17,950
• Headquarters: Plymouth Meeting, Pennsylvania
• Founded: 1939
• http://www.brightview.com

Opened for trading at $21.25 after pricing IPO at $22

Neuronetics (STIM) began trading on the Nasdaq on 28 June 2018

Neuronetics is a company developing non-invasive treatments for depression and other chronic psychiatric and neurological disorders based upon neuromodulation technology.

• Sector: Healthcare
• Industry: Diagnostics & Research
• Full Time Employees: 145
• Headquarters: Malvern, PA
• Founded: 2003
• http://www.neuronetics.com

Opened for trading at $25 after pricing IPO at $19

BJ's Wholesale Club (BJ) began trading on the NYSE on 28 June 2018

BJ's Wholesale Club Holdings, Inc. operates as a warehouse club on the East Coast of the United States.  BJ's was acquired in 2011 by two private equity firms, Leonard Green & Partners and CVC Capital Partners.

• Sector: Consumer Cyclical
• Industry: Specialty Retail
• Full Time Employees: 26,520
• As of February 3, 2018, it operated 215 clubs and 133 gasoline stations.
• HQ: Westborough, Massachusetts.
• http://www.bjs.com

Opened for trading at $21.25 after pricing IPO at $17
Offer size:  $733 million

EverQuote (EVER) began trading on the Nasdaq on 28 June 2018

EverQuote, Inc. operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home, and life insurance quotes. It serves carriers, agents, financial advisors, and indirect distributors and aggregators. The company was formerly known as AdHarmonics, Inc., and changed its name to EverQuote, Inc. in November 2014.

The EverQuote prospectus says it's the largest online marketplace for insurance shopping in the U.S. Its network includes more than 160 insurance carriers and more than 7,000 agents and agencies.

• Sector: Technology
• Industry: Internet Content & Information
• Full Time Employees: 220
• Incorporated in 2008.
• Headquartered in Cambridge, Massachusetts.
• http://www.everquote.com

Opens for trading at $20.59 after pricing IPO at $18

BJ's Wholesale Club to offer 37.5 million shares in IPO

BJ's Wholesale Club (BJ) set terms for its planned initial public offering on Monday, saying in a regulatory filing that it plans to offer 37.5 million shares priced at $15 to $17 a pop.

The anticipated pricing values the warehouse club operator at a market cap of up to $2.15 billion.

At the top end of that range, the offering of 37.5 million shares would raise $637.5 million.

The company, which was taken private in 2011 for $2.8 billion, filed with regulators to go public for the second time last month.

It owns 215 warehouse clubs, mainly on the U.S. east coast, and competes with Costco Wholesale and Walmart's Sam's Club.

The wholesaler is planning to list on the New York Stock Exchange under the ticker symbol "BJ."

BofA Merrill Lynch, Deutsche Bank, Goldman Sachs and JPMorgan are lead managers on the deal, with another 10 banks acting as co-managers. Underwrites will have the option to purchase up to 5.6 million additional shares for a period of 30 days.

Avalara (AVLR) began trading on the NYSE on 15 June 2018

Avalara, Inc. provides transaction tax compliance cloud-based software worldwide.

• Headquarters: Seattle, Washington
• Founded: 2004 
• Sector: Technology
• Industry: Software - Application
• Full Time Employees: 1,495
• http://www.avalara.com

 

2nd and 3rd days

Appian (APPN) : 1-year performance

Ticker:  APPN
 

 

Puxin (NEW) began trading on the NYSE on Fri 15 June 2018

Puxin provides K-12 after school education services to students in China.  It is growing revenue rapidly but faces scaling challenges in terms of efficiencies and a debt-heavy balance sheet.

At a price range of $17 to $20 per share, the company plans to raise up to $144 million and has an expected market cap of ~$1.7 billion.

-=Bitauto Holdings (BITA) reported earnings on Wed 13 June 18 (b/o)

Bitauto Holdings Limited provides Internet content and marketing, and transaction services for the automotive industry in the People's Republic of China. The company operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.
Sector: Technology
Industry: Internet Content & Information
Full Time Employees: 8,558
Founded in 2000
Headquartered in Beijing, China
http://www.bitauto.com

Bitauto Holdings beats by $0.21, beats on revs; new CFO named 

• Reports Q1 (Mar) earnings of $0.13 per share, excluding non-recurring items, $0.21 better thanthe Capital IQ Consensus of ($0.08); revenues rose 54.2% year/year to $346.1 mln vs the $309.85 mln Capital IQ Consensus.
• Bitauto also announced the appointment of Mr. Ming Xu as the chief financial officer of the Company, succeeding Ms. Cynthia He, who will remain with the Company in the coming weeks to ensure a smooth transition. Xu joins Bitauto from UBS AG (UBS), where he covered U.S.- and Hong Kong-listed Chinese internet companies since 2014 and most recently served as the Co-Head of its Hong Kong and China Internet Research
• Additionally, on June 13, 2018, Yixin, the company's controlled subsidiary, entered into the convertible note purchase agreement, the business cooperation agreement, and the framework agreement with Yusheng Holdings Limited. Pursuant to the convertible note purchase agreement, Yusheng agreed to issue to Yixin an interest-free convertible note with a term of 20 years in the principal amount of US$260 million for a consideration of (i) provision of the cooperation to Yusheng and/or its affiliates pursuant to the terms of the business cooperation agreement, and (ii) a cash consideration of US$21 million.
• Co issues guidancefor Q2, sees Q2 revs of $393.8-401.7 mln, may not be comparable to $404.83 mln Capital IQ Consensus Estimate.
  • This forecast reflects revenues net of VAT under the new revenue guidance ASC Topic 606, which has been adopted by Bitauto starting from January 1, 2018. If presented on gross basis, as consistent with in year 2017, forecasted revenues would be between RMB2.66 billion (US$424.1 million) to RMB2.71 billion (US$432.0 million) in the second quarter of 2018, representing a 22.5% to 24.9% increase from the corresponding period in 2017.

Pivotal Software (PVTL) reported earnings on Tue 12 June 18 (a/h)

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** The following day **

Pivotal Software beats by $0.03, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY19 EPS above consensus, revs above consensus 

• Reports Q1 (Apr) loss of $0.10 per share, $0.03 better than the Capital IQ Consensus of ($0.13); revenues rose 28.5% year/year to $155.7 mln vs the $140.41 mln Capital IQ Consensus.
• PVTL added 20 net new subscription customers from 4Q18 for a total of 339 subscription customers in Q1.
• Dollar-based net expansion rate was 156%.
• Co issues guidancefor Q2, sees EPS of ($0.10)-($0.09) vs. ($0.10) Capital IQ Consensus Estimate; sees Q2 revs of $157-$159 mln vs. $152.81 mln Capital IQ Consensus Estimate.
• Co issues upside guidancefor FY19, sees EPS of ($0.39)-($0.37) vs. ($0.45) Capital IQ Consensus Estimate; sees FY19 revs of $642-$649 mln vs. $622.03 mln Capital IQ Consensus Estimate.

Dave & Busters (PLAY) reported earnings on Mon 11 June 18 (a/h)

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Dave & Busters beats by $0.12, beats on revs; reaffirms FY19 revs guidance 

• Reports Q1 (Apr) earnings of $1.04 per share, $0.12 better than the Capital IQ Consensus of $0.92; revenues rose 9.2% year/year to $332.2 mln vs the $321.57 mln Capital IQ Consensus.
• Comparable store sales decreased 4.9%. Comparable store sales decrease was driven by a 4.8% decrease in walk-in sales and a 6.4% decrease in special events sales.
• Co opened six new stores during the quarter.
• Coreaffirms guidancefor FY19, sees FY19 revs of $1.2-$1.24 bln vs. $1.23 bln Capital IQ Consensus Estimate. Expects comparable store sales to decrease in the low-to-mid single digits. Expects to open 14-15 new stores. Sees net income of approx $95-$110 mln.

Stitch Fix (SFIX) reported earnings on Thur 7 June 2018 (a/h)

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Stitch Fix beats by $0.06, beats on revs; guides Q4 revs in-line; slightly raises FY18 revs outlook, narrows adj EBITDA guidance 

• Reports Q3 (Apr) earnings of $0.09 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.03; revenues rose 29.2% year/year to $316.7 mln vs the $306.67 mln Capital IQ Consensus.
• Grew active clients to 2.7 million as of April 28, 2018, an increase of 614,000 and 29.6% year over year.
• Co issues in-line guidance for Q4, sees Q4 revs of $310-320 mln vs. $314.81 mln Capital IQ Consensus Estimate.
  • Also sees adj EBITDA of $6-11 mln
• Co slightly raises FY18 rev guidance -- now sees revs of $1.22-1.23 bln (from $1.19-1.22 bln) vs. $1.21 bln Capital IQ Consensus Estimate. Narrows adj EBITDA guidance to $48-53 mln from $45-55 mln
• Also names Deirdre Findlay as Chief Marketing Officer

Stitch Fix names Deirdre Findlay as Chief Marketing Officer 
Findlay most recently served as Senior Director of Global Hardware Marketing at Google (GOOG), where she oversaw marketing for Google's home hardware products, including Google Home, Chromecast, and Google Wifi. Findlay has nearly 20 years of experience leading cross-departmental teams, delivering strategic integrated marketing campaigns, and building brand strategy at organizations like Google and eBay (EBAY), as well as for Whirlpool Brands (WHR), Allstate Insurance (ALL), MillerCoors, and Kaiser Permanente while serving as SVP at leading digital marketing agency Digitas.

Carbon Black (CBLK) reported earnings on Thur 7 June 2018 (a/h)

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 ** 11 days later **

Carbon Black beats by $0.29, reports revs in-line with pre-announcement; guides Q2 above consensus; guides FY18 EPS above consensus, revs above consensus 

• Reports Q1 (Mar) loss of $0.98 per share, excluding non-recurring items, $0.29 better than the Capital IQ Consensus of ($1.27); revenues rose 34.8% year/year to $48.4 mln vs the $47.99 mln Capital IQ Consensus. Co preannounced rev of $47.5-48.0 mln in the IPO prospectus.
• Ended the quarter with 4,006 total customers, up from 2,648 in the year-ago period and from 3,739 at the end of the previous quarter. Growth was driven by strong demand across the entire product portfolio and customer acquisition across a broad range of industries. Growth of customers who licensed at least one cloud product increased to 1,870 at the end of the first quarter, compared to 552 in the year-ago period and 1,605 at the end of the previous quarter.
• Co issues upside guidance for Q2, sees EPS of ($0.41-0.42) vs. ($0.43) Capital IQ Consensus Estimate; sees Q2 revs of $48.5-49.0 mln vs. $48.21 mln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY18, sees EPS of ($1.32-1.35) vs. ($1.38) Capital IQ Consensus Estimate; sees FY18 revs of $203.0-204.5 mln vs. $202.01 mln Capital IQ Consensus Estimate.

SecureWorks (SCWX) reported earnings on Wed 6 June 2018 (b/o)

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SecureWorks beats by $0.01, beats on revs; guides Q2 EPS in-line, revs above consensus; raises FY19 guidance slightly 

• Reports Q1 (Apr) loss of $0.06 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of ($0.07); revenues rose 10.8% year/year to $126.16 mln vs the $122.48 mln Capital IQ Consensus.
• Monthly recurring revenue as of May 4, 2018 increased 11.4 percent to $35.5 million from $31.9 million as of May 5, 2017. The Company's monthly recurring revenue metric represents the monthly value of its subscription contracts, including operational backlog, as of period end.
• Co issues guidance for Q2, sees EPS of ($0.06-0.05), excluding non-recurring items, vs. ($0.05) Capital IQ Consensus Estimate; sees Q2 revs of $127-128 mln vs. $126.56 mln Capital IQ Consensus Estimate.
• Co raises guidancefor FY19, sees EPS of ($0.19-0.15) (Prior ($0.20-0.16)), excluding non-recurring items, vs. ($0.18) Capital IQ Consensus Estimate; sees FY19 revs of $515-518 mln (Prior $512-516 mln) vs. $513.84 mln Capital IQ Consensus Estimate.