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Similarweb(SMWB) - 2023 Q3 - Earnings Call Presentation
2023-11-08 16:33
NOTES REGARDING THIS PRESENTATION | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|---------------------------------------------|---------------------|--------|-------------|------------------------------------|-----------------------|-------------------------------------------------------------------------------------------------|-------|--------------|------------------------|-------------------------------|-------| | | | | | Introducing | | | Similarweb \nPowering ...
Similarweb(SMWB) - 2023 Q3 - Quarterly Report
2023-11-07 21:16
Exhibit 99.1 SIMILARWEB ANNOUNCES THIRD QUARTER 2023 RESULTS Achieved company record gross profit and gross margin Achieved Non-GAAP operating profit for the first time TEL AVIV, ISRAEL -- November 7, 2023 -- Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its third quarter ended September 30, 2023. The Company published a letter to shareholders from management discussing th ...
Similarweb(SMWB) - 2023 Q2 - Earnings Call Transcript
2023-08-09 16:21
Similarweb Ltd. (NYSE:SMWB) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Raymond Jones - Vice President of Investor Relations Or Offer - Co-Founder and Chief Executive Officer Jason Schwartz - Chief Financial Officer Conference Call Participants Arjun Bhatia - William Blair John Byun - Jefferies Tyler Radke - Citi Pete Newton - Barclays Noah Herman - JPMorgan Operator Good day, ladies and gentlemen, and welcome to the Similarweb Second Quarter Fiscal 2023 Earnings Call. Ou ...
Similarweb(SMWB) - 2023 Q2 - Quarterly Report
2023-08-08 20:15
Exhibit 99.1 SIMILARWEB ANNOUNCES SECOND QUARTER 2023 RESULTS Non-GAAP operating margin improved by more than 35 percentage points TEL AVIV, ISRAEL -- August 8, 2023 -- Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its second quarter ended June 30, 2023. The Company published a letter to shareholders from management discussing these results, which can be accessed at the li ...
Similarweb(SMWB) - 2023 Q1 - Earnings Call Transcript
2023-05-10 16:38
Similarweb Ltd. (NYSE:SMWB) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Raymond Jones - Vice President, Investor Relations Or Offer - Chief Executive Officer Jason Schwartz - Chief Financial Officer Conference Call Participants Arjun Bhatia - William Blair Ryan MacWilliams - Barclays Bank Steve Hromin - Oppenheimer John Byun - Jefferies Noah Herman - JPMorgan Brett Knoblauch - Cantor Fitzgerald Patrick Walravens - JMP Securities Tyler Radke - Citi Operator Greetings and wel ...
Similarweb(SMWB) - 2023 Q1 - Earnings Call Presentation
2023-05-10 14:24
This presentation contains "forward-looking statements" within the meaning of Section ùþA of the Securities Act of øĀúú, as amended, or the Securities Act, and Section ùøE of the Securities Exchange Act of øĀúû, as amended. Forward-looking statements include statements relating to the expected performance of our business, future financial results, strategy, long-term growth and overall future prospects, our customers continued investment in digital transformation and reliance on digital intelligence and the ...
Similarweb(SMWB) - 2023 Q1 - Quarterly Report
2023-05-09 20:30
Exhibit 99.1 SIMILARWEB ANNOUNCES FIRST QUARTER 2023 RESULTS First quarter 2023 revenue grew 19% year-over-year to $52.8 million • Cash and cash equivalents totaled $75.3 million as of March 31, 2023, compared to $77.8 million as of December 31, 2022. • Net cash provided by operating activities was $0.3 million, compared to $0.9 million for the first quarter of 2022. • Free cash flow was $(1.2) million, compared to $(4.3) million for the first quarter of 2022. • Normalized free cash flow was $(0.6) million, ...
Similarweb(SMWB) - 2022 Q4 - Annual Report
2023-03-23 20:05
Taxation and Regulatory Risks - The company may be classified as a passive foreign investment company (PFIC) if 75% or more of its gross income is passive income, which could lead to adverse U.S. federal income tax consequences for U.S. holders of its ordinary shares [223]. - The company does not believe it was classified as a PFIC for the taxable year ended December 31, 2022, but this determination must be made annually and could change based on income and asset composition [223]. - Changes in tax laws or regulations could increase the costs of the company's solutions and harm its business, potentially requiring the company or its customers to pay additional taxes [226]. - The application of indirect taxes to online businesses is complex and evolving, with potential liabilities for past sales if the company is required to collect taxes where it has not historically done so [231]. - The company is expanding its international operations, which may subject it to adverse tax consequences depending on the application of tax laws in various jurisdictions [233]. - The enactment of legislation implementing changes in taxation of international business activities could impact the company's future financial position and results of operations [234]. - The OECD's BEPS initiative aims to standardize global corporate tax policy, which may lead to significant changes in tax legislation that could adversely affect the company's international expansion plans [236]. Shareholder and Market Dynamics - The public trading price of the company's ordinary shares has been volatile and may continue to fluctuate due to various factors, potentially causing investors to lose part of their investment [237]. - As of February 14, 2023, insiders beneficially owned approximately 60.6% of the company's ordinary shares, limiting other shareholders' influence on corporate matters [239]. - As of December 31, 2022, there were 76,433,772 ordinary shares outstanding, with all shares freely transferable except those held by affiliates [242]. - The company had 3,210,337 shares available for future grants under its 2021 Plan, which increased to 7,032,025 shares as of January 1, 2023 [243]. - The company does not anticipate paying any dividends in the foreseeable future, intending to retain future earnings to finance operations and expand its business [253]. - Future sales of ordinary shares in the public market could depress the market price of the company's shares and impair its ability to raise capital [240]. Operational and Geopolitical Risks - The company’s commercial insurance does not cover losses from events associated with war and terrorism, which could materially affect its business [259]. - The company’s operations may be adversely affected by political, economic, and military conditions in Israel and the surrounding region [258]. - The ongoing state of hostility and economic boycotts may adversely impact the company's ability to sell solutions and affect operating results [260]. - Military reserve duty call-ups could disrupt operations, potentially affecting business prospects and financial condition [261]. - Proposed changes to Israel's judicial system may deter foreign investment and lead to increased currency fluctuations and interest rates, negatively impacting business [262]. - Enforcement of U.S. judgments against the company in Israel may be difficult, complicating legal claims under U.S. securities laws [263]. - Israeli corporate law provisions may delay or prevent acquisitions, affecting shareholder control and investment pricing [266]. Financial Performance and Risks - Market opportunity estimates and growth forecasts may prove inaccurate, impacting the company's growth potential [270]. - The company may face liability claims from contract breaches, with insurance potentially inadequate to cover losses [272]. - Evolving corporate governance and ESG regulations may increase compliance costs and management attention [276]. - Future acquisitions and partnerships could be challenging to integrate, potentially disrupting business and diluting shareholder value [278]. - The company acquired a business in 2022 to enhance its platform and optimize products, indicating a focus on growth opportunities through acquisitions [279]. - The company faces challenges in identifying desirable acquisition targets and may incur expenses related to potential acquisitions, which could adversely affect financial results [280]. - The ongoing military conflict in Ukraine poses risks to the company's operations, particularly affecting approximately 60 employees engaged in software development and quality assurance [282]. Liquidity and Financial Position - The company reported cash and cash equivalents of $87.6 million as of December 31, 2022, down from $140.4 million in 2021, indicating a decrease in liquidity [465]. - The company had $25.0 million of outstanding borrowings under the SVB LSA as of December 31, 2022, with a variable interest rate structure [466]. - A hypothetical 10% change in foreign currency exchange rates would have impacted the company's net loss by $13.6 million for the year ended December 31, 2022 [464]. - The company does not believe inflation has materially affected its historical results, but significant inflationary pressures could adversely impact financial performance [467]. - The company is exposed to market risks from changes in exchange rates, interest rates, and inflation, which arise in the ordinary course of business [463]. - The company maintains a hedging strategy against currency risk through forward currency contracts and cylinder contracts [464].
Similarweb(SMWB) - 2022 Q4 - Earnings Call Transcript
2023-02-15 16:20
Similarweb Ltd (NYSE:SMWB) Q4 2022 Earnings Conference Call February 15, 2023 8:30 AM ET Company Participants Raymond Jones - VP, IR Or Offer - Co-Founder, CEO & Director Jason Schwartz - CFO Conference Call Participants Arjun Bhatia - William Blair & Company Ryan MacWilliams - Barclays Bank Jason Helfstein - Oppenheimer Brett Knoblauch - Cantor Fitzgerald Tyler Radke - Citigroup Noah Herman - JPMorgan Chase & Co. John Byun - Jefferies Operator Greetings, and welcome to the Similarweb Fourth Quarter Fiscal ...
Similarweb(SMWB) - 2022 Q4 - Earnings Call Presentation
2023-02-15 14:54
| --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | OUR VISION POWERING THE WORLD'S BUSINESSES WITH THE BEST DIGITAL DATA INVESTOR PRESENTATION Qû ù÷ùù | | | | | | | | | INVESTOR PRESENTATION Qû ù÷ùù | ù This presentation contains "forward-looking statements" within the meaning of Section ùþA of the Securities Act of øĀúú, as amended, or the Securities Act, and Section ùøE of the Sec ...