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BRZE Nasdaq· Braze Inc.
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BRZE Nasdaq· Braze Inc.
Earnings report Q4 2023

Braze, Inc. Reports Strong Revenue Growth in Latest Quarter

Segments of Revenue

In the latest quarter, Braze, Inc. reported total revenue of $123.96 million, representing a significant increase of 33% compared to the same period last year. The company's revenue for the nine months ended October 31, 2023, reached $340.84 million, reflecting a robust growth of 33% compared to the previous year.

Strengths

Braze, Inc. demonstrated strong revenue growth in the latest quarter, driven by increased demand for its products and services. The company's revenue growth can be attributed to its effective sales and marketing strategies, which resulted in attracting new customers and expanding its customer base. Additionally, Braze's focus on research and development has allowed it to enhance its offerings and provide innovative solutions to its clients, further contributing to its revenue growth.

Challenges

Despite the strong revenue growth, Braze, Inc. reported a net loss of $30.98 million in the latest quarter. This loss can be attributed to the higher operating expenses incurred by the company, including sales and marketing, research and development, and general and administrative expenses. These expenses increased by 22%, 17%, and 18% respectively, compared to the same period last year. The company's loss from operations also widened in the latest quarter, indicating the need for cost management and efficiency improvements.

Noteworthy

It is worth mentioning that Braze, Inc. experienced a significant increase in its gross profit, which reached $87.58 million in the latest quarter, representing a growth of 37% compared to the previous year. This increase in gross profit can be attributed to the company's ability to effectively manage its cost of revenue, which increased by 25% compared to the same period last year. Braze's focus on optimizing its cost structure and improving operational efficiency has positively impacted its gross profit margin.

Summary

Braze, Inc. delivered strong revenue growth in the latest quarter, driven by increased demand for its products and services. The company's effective sales and marketing strategies, coupled with its focus on research and development, have contributed to its revenue growth. However, Braze reported a net loss in the quarter, primarily due to higher operating expenses. The company should focus on cost management and efficiency improvements to enhance its profitability. Overall, Braze's strong revenue growth and ability to manage its cost of revenue indicate a positive trajectory for the company.

Source documents

Form 10-Q  filed on Dec 06, 2023
9 pages scanned

Reference data

Company financials Q4 revenue 131M
Analyst estimates Q4 EPS missed by -69.71%
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