A brief thread
$FIVN @Five9
* Revenue: $137.9M vs $122.6M est
* Adj EPS: $0.17 vs $0.13
Guidance FY 21
* Revenue: $550M vs $520.6M
* 100% of Five9’s revenue is cloud based.
* 92% of the company’s revenue is recurring.
But that's not even the story...
/1
$FIVN @Five9
* Revenue: $137.9M vs $122.6M est
* Adj EPS: $0.17 vs $0.13
Guidance FY 21
* Revenue: $550M vs $520.6M
* 100% of Five9’s revenue is cloud based.
* 92% of the company’s revenue is recurring.
But that's not even the story...
/1
$FIVN
* DBNER: 121% versus 117% last quarter and 111% a year ago.
At scale, DBNER is at all time highs.
But that too is not story.
/2
* DBNER: 121% versus 117% last quarter and 111% a year ago.
At scale, DBNER is at all time highs.
But that too is not story.
/2
$FIVN
When the company went public in Q2 2014, it had:
– 3 enterprise customers over $1M in annual recurring revenue (ARR).
– 60% of revenue derived from all enterprises.
* As of Q4 2020, it had:
– 91 enterprise customers over $1M ARR.
Still not the story...
/3
When the company went public in Q2 2014, it had:
– 3 enterprise customers over $1M in annual recurring revenue (ARR).
– 60% of revenue derived from all enterprises.
* As of Q4 2020, it had:
– 91 enterprise customers over $1M ARR.
Still not the story...
/3
$FIVN
Enterprise subscription revenue growth (YOY) went from lowest level in three years in Q2 2020...
... to second highest level in Q3 2020
... to what was highest ever in Q4 2020
... to now another new high in Q1 2021.
Look at shape of growth.
Still not the story...
/4
Enterprise subscription revenue growth (YOY) went from lowest level in three years in Q2 2020...
... to second highest level in Q3 2020
... to what was highest ever in Q4 2020
... to now another new high in Q1 2021.
Look at shape of growth.
Still not the story...
/4
$FIVN
Institutions own 98% of shares outstanding, so the smart money hasn't missed this.
But that's not the story...
/5
Institutions own 98% of shares outstanding, so the smart money hasn't missed this.
But that's not the story...
/5
$FIVN
Revenue grew 32% for all of 2020 and grew 45% in Q1 2021 yoy.
But that's not the story...
/6
Revenue grew 32% for all of 2020 and grew 45% in Q1 2021 yoy.
But that's not the story...
/6
$FIVN
Analysts have never had a 30%+ growth estimate for a full year.
That means a 'scan for growth' wouldn't bring it up.
Anyone can all find beta.
Underappreciated stories find alpha.
But that's not the story.
/7
Analysts have never had a 30%+ growth estimate for a full year.
That means a 'scan for growth' wouldn't bring it up.
Anyone can all find beta.
Underappreciated stories find alpha.
But that's not the story.
/7
$FIVN
*** The story is how few people have made it to tweet #8.
FinTwit clusters to ideas.
Outside that cluster come the underappreciated ideas.
2021 will not be like 2020 and reading about the same stocks won't help your 2022.
Go get your 2022.
8/8
*** The story is how few people have made it to tweet #8.
FinTwit clusters to ideas.
Outside that cluster come the underappreciated ideas.
2021 will not be like 2020 and reading about the same stocks won't help your 2022.
Go get your 2022.
8/8
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