Bill.com Holdings Shares Surge 17% Following Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/BILL'>Bill.com Holdings, Inc. (NYSE:BILL)</a> shares were trading more than 17% Friday afternoon following the company’s reported Q4 results, with EPS coming in at ($0.03), better than the Street estimate of ($0.14). Revenue grew 156% year-over-year to $200.2 million, beating the Street estimate of $183.16 million.</p>
<p>For Q1/23, the company expects EPS to be in the range of $0.05-$0.07, compared to the street estimate of ($0.09), and revenue in the range of $208-211 million, compared to the Street estimate of $187.6 million.</p>
<p>2023 full-year EPS is expected to be in the range of $0.23-$0.38, compared to the Street estimate of ($0.34), and revenue in the range of $955.5-973.5 million, compared to the Street estimate of $879.7 million.</p>
<p>While management had previously discussed reaching profitability in 12-18 months, they issued guidance indicating the company will achieve profitability on a non-GAAP basis in the coming quarter as well as for 2023.</p>
<p>According to the analyst at Deutsche Bank, the company continues to benefit even in an uncertain macro environment with customers looking to realize cost efficiencies, as the stickiness of the platform drives improved revenue retention and adoption of higher value electronic payments.</p>

NYSE:BILL