Snap Inc. operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.
Live Analysis
Snap Inc. (SNAP) saw its share price rise to $16.21, marking a 3.78% increase from the previous close. The trading volume reached $26.52 million, representing an 87.65% increase compared to the average volume. The positive momentum can be attributed to strong market performance.
Earnings Overview
In the latest quarterly earnings report released on Wednesday, April 24th, Snap Inc. reported earnings per share of $0.03, surpassing the consensus estimate of -0.05. The total revenue for the quarter stood at $1.19 billion, exceeding the expected $1 billion. The company's stock price has increased by 46.3% since the earnings release.
Cash Flow
Snap Inc. reported a free cash flow of $37.90 million, while debt repayment amounted to -$440.71 million. The net change in cash was -$720 million, with operating cash flow at $88.35 million. The company's cash position at the end of the period was $1 billion.
Income Statement
The company generated $1.19 billion in revenue, with a gross profit of $580.46 million. Operating expenses totaled $913.69 million, resulting in a net income of -$305 million. The earnings per share stood at -19 cents.
Ratios
Key financial ratios for Snap Inc. include a gross profit margin of 48.58%, an operating profit margin of -27.89%, and a debt ratio of 46.57. The return on equity is -14.31, while the price-to-earnings ratio is -15.19.
Balance Sheet
Snap Inc. reported total assets of $7.17 billion, with total liabilities amounting to $5 billion. The company's net debt stood at $2.83 billion, reflecting a stable financial position.
This comprehensive financial report highlights Snap Inc.'s strong performance and positive outlook in the market.