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Daily Journal Q3 revenue rises on technology growth

Daily Journal Q3 revenue rises on technology growth


Overview

  • US publishing and technology firm's fiscal Q3 revenue grew 15% yr/yr, driven by Journal Technologies

  • Income from operations rose in Q3, reflecting operating leverage in the technology business

  • Company posted a net loss in Q3, mainly due to unrealized losses on marketable securities


Outlook

  • Company did not provide specific guidance for future quarters or the full year


Result Drivers

  • TECHNOLOGY REVENUE GROWTH - Journal Technologies revenue rose 19.5% yr/yr, driven by expansion of e-filing and public service fees, higher recurring license and maintenance revenues, and increased consulting activity

  • OPERATING LEVERAGE - Income from operations improved due to scaling of technology business

  • MARKETABLE SECURITIES IMPACT - Net loss driven by unrealized losses on investment portfolio, reflecting broad market movements


Company press release: ID:nGNX1GLt7F


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

$69.2 mln

9M Loss Per Share

$38.84

9M Net Loss

$53.5 mln


Reuters Recommended Reads

  • Aug 10 - Rackspace Q2 revenue beats analyst estimates on private cloud growth

  • Aug 10 - Viant Technology Q2 revenue beats estimates on attention intelligence integration

  • Aug 12 - Trimble raises annual forecasts on strong demand for software tools


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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