SAN MATEO, Calif., October 22, 2019 – Shares of SVMK Inc. (NASDAQ: SVMK) gained 0.57% to $17.57. The stock grabbed the investor’s attention and traded 715.147K shares as compared to its average daily volume of 1.35M shares. The stock’s institutional ownership stands at 77.90%.
SurveyMonkey Inc. (SVMK) reported revenue of $68.60M for 17% year-over-year growth. Paying users totaled 670.862K compared to 610.457K in Q1 2018, for 10% year-over-year growth, and up 24.135K paying users from Q4 2018, for 4% quarter-over-quarter growth. Approximately 78% of our paying users were on annual plans, up from 75% in Q1 2018 and 77% in Q4 2018. Average revenue per user was $423 compared to $390 in Q1 2018, for 8% year-over-year growth, and down slightly from $425 in Q4 2018. Enterprise sales revenue was approximately 16% of total revenue, up from approximately 13% in Q4 2018. We ended the quarter with 3,909 enterprise sales customers, up from 2,838 in Q1 2018, for 37% year-over-year growth, and an increase of 343 customers from Q4 2018.
GAAP net loss was $17.80M and Adjusted EBITDA was $8.50M. GAAP basic and diluted net loss per share was ($0.14). Non-GAAP basic and diluted net loss per share was ($0.02). Net cash provided by operating activities was $7.80M and unlevered free cash flow was $7.50M, for an 11% margin.
Cash and cash equivalents was $165.90M and total debt was $216.90M for net debt of $51.00M. Subsequent to Q1 2019, our acquisition of Usabilla resulted in a net cash outlay of approximately $53.0M.
SVMK has a market value of $2.46B while its EPS was booked as $-1.48 in the last 12 months. The stock has 140.16M shares outstanding. In the profitability analysis, the company has gross profit margin of 71.50% while net profit margin was -59.20%. Analyst recommendation for this stock stands at 2.00.
