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Tag: XM stock

  • Qualtrics International Inc. (XM) Blooms After Hours on Record 2021 Q4 & Full Year Results

    On January 26, Qualtrics International Inc. (XM) stock rebounded in the after-hours to gain a good 11.84%. The reason for this hike was the impressive Q4 and full-year 2021 financial results that the company posted on Wednesday.

    During the regular trading session, the stock remained in the red with a loss of 1.22% at $24.25. Following the announcement, XM stock saw an upsurge in the after-hours. Hence, the stock reached $27.12 at an after-hours volume of 235.68K shares on Wednesday.

    Currently, the company has a market capitalization of $14.01 billion with 147.31 million shares outstanding.

    XM’s Fourth Quarter Financials

    In the fourth quarter of 2021, XM generated total revenue of $316.0 million, against $213.6 million in Q4 of 2020. Thus, marking year over year growth of 48%.

    Moreover, the company incurred a non-GAAP net loss of $39.4 million, against $8.1 million in the year-ago quarter. Resultantly, the non-GAAP net loss per share was $0.07 and $0.02 in Q4 of 2021 and 2020, respectively.

    On December 31, 2021, the company had cash and cash equivalents of $1,041.5 million.

    2021 Financial Highlights

    For the full year of 2021, XM reported total revenue of $1,075.7 million, against $763.5 million for the previous year. Therefore, showing year-over-year growth of 41%.

    Furthermore, the company suffered from a non-GAAP net loss of $6.0 million in fiscal 2021, against $46.0 million in the previous year. Subsequently, the non-GAAP net loss per basic and diluted share was $0.01 and $0.11 in the fiscal year 2021 and 2020, respectively.

    Future Guidance

    For Q1 2022, the company expects total revenue in the range of $324 million and $326 million with non-GAAP net income per share between $(0.02) and $0.00.

    Additionally, the expected revenue for full-year 2022 is in the range of $1,402 and $1,406 million.

    XM’s New Board Members

    In addition, on Wednesday, the company also disclosed the appointment of Omar Johnson and Ritu Bhargava to its Board, effective immediately. With the addition of the new members, XM’s board of directors now consists of 11 directors in total.

    Partnership with CLX Health

    XM provides a software platform called Vaccination & Testing Manager. Through this solution, over 300 organizations (currently) manage Covid-19-related issues of their employees including vaccination documents and proof of exemption, etc.

    On December 16, the company announced its partnership with a cloud-based solutions developer, CLX Health. According to the partnership, Qulatrics’ Vaccination & Testing Manager will be integrated with CLX’s TrustAssure platform. This will result in the verification of the documents uploaded on XM’s platform.

  • Qualtrics International Inc. (XM) Stock Inches Up Following Expansion of Solutions Catalogue

    Qualtrics International Inc. (XM) Stock Inches Up Following Expansion of Solutions Catalogue

    Qualtrics International Inc. (XM) stock prices were up by a marginal 0.16% as of the market closing on June 15th, 2021, bringing the price per share up to USD$36.58.

    XM Offers New Solutions

    The company recently announced new solutions to accelerate the pace of innovation across the digital channels of B2B and B2C organizations. The innovative solutions, that expand upon the portfolio of solutions already released since the start of the year, facilitate the rapid and effective designing and optimizing of web and in-app experiences by respective digital teams.

    Utility of Solutions

    The solutions help allow companies to combine experience data-direct consumer feedback in regard to their online interactions and digital analytics, such as page views. This serves to help companies increase conversion, attract new and returning customers, and push for growth through their digital channels.

    Digital Transformation

    A recent study by the Qualtrics XM Institute indicted that more than 75% of more than 17.000 global consumers initiated digital activities over the prior year, including the ordering of groceries, taking of online courses, and receiving medical advice. With digital transformation efforts being accelerated by several years owing to the global restrictions imposed by the onset of the coronavirus pandemic, the onus is on companies to adapt to this change and deliver digital experiences that retain and expand their existing customer bases. Customers who report emotion as being a significant part of their overall experience are at least 35% more likely to make repeat purchases and to recommend the brand.

    Scope of Solutions

    Qualtrics works in tandem with various leading digital platforms, working to improve their web and mobile experiences through the user’s perspective. These integrations allow the company to replay visitors’ sessions, such as when making a purchase, facilitating the pinpointing of moment and causes for a failure to convert visitors into customers. In conjunction with customer feedback and behavioral signals, such as rage clicking, companies have immediate access to causes for churning and the impact of churning on their digital revenue, thereby allowing them to take immediate action to improve the experience within their existing CRM systems.

    Future Outlook for XM

    Armed with the recent expansion of the catalogue of solutions offered by XM, the company is poised to continue its trajectory of success. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.