ProntoForms Corp
XTSX:PFM
Intrinsic Value
ProntoForms Corp. engages in the field-focused low-code application platforms for enterprise. [ Read More ]
The intrinsic value of one PFM stock under the Base Case scenario is 0.42 CAD. Compared to the current market price of 0.79 CAD, ProntoForms Corp is Overvalued by 47%.
Valuation Backtest
ProntoForms Corp
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Fundamental Analysis
Revenue Growth and Path to Profitability
2023-Q3 Earnings Call
In Q3 2023, the company reported a total revenue of $6.2 million, marking a 13% increase compared to the previous year. Recurring revenue climbed by 14% from the previous year, while professional services revenue for the first 9 months rose by 40%. With a gross margin on total revenue at 87%, the company reduced its operating expenses by 11% from the previous quarter, resulting in a $221,000 operating loss—an improvement from a $970,000 loss in Q2. Achieving non-GAAP operating breakeven reflects a nearly $700,000 improvement and signals a strong focus on sustainable profitability, supported by a $600,000 reduction in cash operating costs from the last quarter. Significant engagements, such as adding multi-language functionality for enterprise customers, contribute to the growth, alongside a disciplined investment strategy in the face of extended sales cycles owing to macroeconomic challenges. Cash flows are expected to improve, aligning with Q4 seasonality.
Balance Sheet Decomposition
ProntoForms Corp
Current Assets | 11.3m |
Cash & Short-Term Investments | 6.3m |
Receivables | 2.7m |
Other Current Assets | 2.4m |
Non-Current Assets | 1.9m |
PP&E | 1.4m |
Other Non-Current Assets | 460.6k |
Current Liabilities | 10.2m |
Accounts Payable | 2.7m |
Other Current Liabilities | 7.5m |
Non-Current Liabilities | 7.3m |
Long-Term Debt | 7.1m |
Other Non-Current Liabilities | 260.3k |
Earnings Waterfall
ProntoForms Corp
Revenue
|
23m
USD
|
Cost of Revenue
|
-3.2m
USD
|
Gross Profit
|
19.8m
USD
|
Operating Expenses
|
-23.3m
USD
|
Operating Income
|
-3.5m
USD
|
Other Expenses
|
-318.2k
USD
|
Net Income
|
-3.8m
USD
|
Free Cash Flow Analysis
ProntoForms Corp
What is Free Cash Flow?
PFM Profitability Score
Profitability Due Diligence
ProntoForms Corp's profitability score is 32/100. The higher the profitability score, the more profitable the company is.
Score
ProntoForms Corp's profitability score is 32/100. The higher the profitability score, the more profitable the company is.
PFM Solvency Score
Solvency Due Diligence
ProntoForms Corp's solvency score is 35/100. The higher the solvency score, the more solvent the company is.
Score
ProntoForms Corp's solvency score is 35/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
PFM Price Targets Summary
ProntoForms Corp
According to Wall Street analysts, the average 1-year price target for PFM is 1.04 CAD .
Shareholder Return
PFM Price
ProntoForms Corp
Average Annual Return | 5.51% |
Standard Deviation of Annual Returns | 52.18% |
Max Drawdown | -76% |
Market Capitalization | 105.1m CAD |
Shares Outstanding | 133 459 208 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
ProntoForms Corp. engages in the field-focused low-code application platforms for enterprise. The company is headquartered in Kanata, Ontario. The company went IPO on 2007-05-22. The firm provides field-focused low-code application platforms for enterprises. The firm's solution is used to create applications and forms to collect and analyze field data with smartphones and tablets. Its solution capabilities include app & form builder, ProntoForms app, workflows, integrations and reporting and analytics. The company provides field service management, safety management, fleet management and enterprise asset management. The company serves various industries, such as heavy manufacturing, medical device manufacturing, oil and gas and utilities. The firm's subsidiaries include ProntoForms Inc., TrueContext Limited and TrueContext Incorporated.
Contact
IPO
Employees
Officers
The intrinsic value of one PFM stock under the Base Case scenario is 0.42 CAD.
Compared to the current market price of 0.79 CAD, ProntoForms Corp is Overvalued by 47%.