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$AVLR (I have position; My Long thesis)
1)
Avalara provides cloud-based solutions for sales tax & other transaction tax compliance worldwide; automating processes currently done manually by firms that will elevate efficiencies & validity to meet audit standards.
Keep reading
1)
Avalara provides cloud-based solutions for sales tax & other transaction tax compliance worldwide; automating processes currently done manually by firms that will elevate efficiencies & validity to meet audit standards.
Keep reading
2)
ER released 08/04, here are a few inspiring words from Scott McFarlane Co-Founder and CEO,“Avalara posted strong second qrtr, exceeding guidance, June representing best non-December total bookings month ever”. “Our results demonstrate the resiliency of our business model and
ER released 08/04, here are a few inspiring words from Scott McFarlane Co-Founder and CEO,“Avalara posted strong second qrtr, exceeding guidance, June representing best non-December total bookings month ever”. “Our results demonstrate the resiliency of our business model and
3)
that our value proposition is resonating with customers during this difficult time. We are seeing a confluence of positive macro trends that are TAILWINDS for our business, from the accelerating growth of ECOMMERCE to broader adoption of cloud-based and other efficiency
that our value proposition is resonating with customers during this difficult time. We are seeing a confluence of positive macro trends that are TAILWINDS for our business, from the accelerating growth of ECOMMERCE to broader adoption of cloud-based and other efficiency
4)
improvement solutions to the increasing need for regulatory compliance enforcement. As a result, global demand for compliance automation continues to grow and we are driving efficiency improvements across our business to capture the large opportunity in front of us.”
improvement solutions to the increasing need for regulatory compliance enforcement. As a result, global demand for compliance automation continues to grow and we are driving efficiency improvements across our business to capture the large opportunity in front of us.”
5)
Rev of $116.5 million 2nd Quarter 2020, up 28% YOY
Subs & returns rev up 28% YOY
Professional serv revenue up 27% YOY
Second qrt of 2020 customers up 28%
Not yet profitable by GAAP
*Key Customers:
ORCL
MSFT
SHOP
AMZN
Stripe
SQ
WMT
CRM
PINS
ROKU
Zillow
ETSY
WDAY
Rev of $116.5 million 2nd Quarter 2020, up 28% YOY
Subs & returns rev up 28% YOY
Professional serv revenue up 27% YOY
Second qrt of 2020 customers up 28%
Not yet profitable by GAAP
*Key Customers:
ORCL
MSFT
SHOP
AMZN
Stripe
SQ
WMT
CRM
PINS
ROKU
Zillow
ETSY
WDAY
6)
Net revenue retention rate was 107% in the second quarter of 2020 and has averaged 110% over the last four quarters.
3 new products were highlighted that were recently released, accounting nerd fun stuff I won't get into!
Current Institutional ownership at 87.6% (finviz)
Net revenue retention rate was 107% in the second quarter of 2020 and has averaged 110% over the last four quarters.
3 new products were highlighted that were recently released, accounting nerd fun stuff I won't get into!
Current Institutional ownership at 87.6% (finviz)
7)
A few public competitors to name are Vertex and H&R Block. Avalara (founded in 2004; approx 1600 employees and growing) is the largest by market cap I can find.
The TAM is enormous, just by looking at the customer list above you see there is a lengthy list still to sign!
A few public competitors to name are Vertex and H&R Block. Avalara (founded in 2004; approx 1600 employees and growing) is the largest by market cap I can find.
The TAM is enormous, just by looking at the customer list above you see there is a lengthy list still to sign!
8)
Customers: ease of integration (prebuilt integrations), adoption, and end-to-end use for tax compliance. Helps them 'catch vendor errors before becoming their own liability'; keeps people focused on the right kind of tasks. Numerous awards & recognition found on company site.
Customers: ease of integration (prebuilt integrations), adoption, and end-to-end use for tax compliance. Helps them 'catch vendor errors before becoming their own liability'; keeps people focused on the right kind of tasks. Numerous awards & recognition found on company site.
9)
Chart - Broke out on 6/7 after June ER. Ran very hard 6/15 to 7/09 from $100 to $140s and has been sideways in 120s for last few weeks. I see this going much higher overtime as their customers grow and they add more to their list!
Chart - Broke out on 6/7 after June ER. Ran very hard 6/15 to 7/09 from $100 to $140s and has been sideways in 120s for last few weeks. I see this going much higher overtime as their customers grow and they add more to their list!
10)
Mgmt:
CEO McFarlane 30 years in strategic operations, also, launched 'Lifecycle' the most popular computerized exercise BIKE of all time ($PTON
)
CFO Tennenbaum prior role director invest banking Goldman Sachs focused advising enterprise software clients
Mgmt:
CEO McFarlane 30 years in strategic operations, also, launched 'Lifecycle' the most popular computerized exercise BIKE of all time ($PTON
)CFO Tennenbaum prior role director invest banking Goldman Sachs focused advising enterprise software clients
11)
COO Mathradas prior role was general mgr and head of SMB segment North America for $PYPL; also senior leader roles at Web. com and $DELL
CSO (security) Gaylor prior managed all security ops at athenahealth, also at Sandia National Labs (holds 7 patents for cryptographics)
COO Mathradas prior role was general mgr and head of SMB segment North America for $PYPL; also senior leader roles at Web. com and $DELL
CSO (security) Gaylor prior managed all security ops at athenahealth, also at Sandia National Labs (holds 7 patents for cryptographics)
12)
Company site shows career openings with jobs of all types from accounting to legal to sales and security worldwide.
Insider testimonials show the company's diversity, ethics, and integrity all factors I include in my consideration when owning shares in a company.
Company site shows career openings with jobs of all types from accounting to legal to sales and security worldwide.
Insider testimonials show the company's diversity, ethics, and integrity all factors I include in my consideration when owning shares in a company.
13)
Lastly, tax and compliance is complex stuff, so I'll leave it to the pro's and my review has $AVLR as top dog! There are 2 certainties in life, death and taxes, I may as well invest in the best company I can find to pay more taxes!
NOT a stock recommendation. Study.
Enjoy
Lastly, tax and compliance is complex stuff, so I'll leave it to the pro's and my review has $AVLR as top dog! There are 2 certainties in life, death and taxes, I may as well invest in the best company I can find to pay more taxes!
NOT a stock recommendation. Study.
Enjoy
$AVLR started the week at 120 up to 133 today. Homework has been pretty solid.
