Snap Inc (NYSE:SNAP) intends to post its fourth quarter and FY2017 financial report on February 6. The company will schedule a conference call to discuss the same. Snap is a camera firm. They consider that reinventing the camera exhibits their greatest opportunity to enhance the way people communicate and live. Its products empower users to express themselves, learn about the world, have fun together and live in the moment.
Earlier in November, Traders News Source issued a comprehensive research report with no obligation on company. As it is known, Snap is engaged in the segment of its camera platform that assists people to communicate via images and short videos. The firm is even involved in the segment of advertising by assisting its partners record a return on their investment by establishing engaging advertising offerings. Its products comprise Publisher Tools, Spectacles and Snapchat.
On November 7, Snap posted results for the quarter closed September 30, 2017. The company recorded another quarter of subdued performance. While revenues surged on YoY and QoQ basis, expenses are rising disproportionately. Hence, the firm cannot record positive income. Its lower than anticipated revenues were a result of relatively slower customer growth and deceleration in the growth ARPU, suggesting a decline in user engagement.
On the other side, Snap still has ample financial flexibility and liquidity. The firm doesn’t have considerable debt, and the balance sheet remain firm with more than $3 billion in stockholders’ equity. In addition, the company has succeeded in avoiding liabilities via the progressive sale of increased stock, and investments.
On the business aspect, Snap focus has been on making progress against quality, automation and performance this year, and is starting to see the outcome of these initiatives. Application performance has surged and has made substantial progress against major customer-facing metrics.