Have you heard of the US stock nCino (ticker symbol: NCNO)?
It’s a fintech company that provides banks and credit unions with a cloud-based banking core system.
In this article, I will introduce the company’s financial results for the period November 2020 to January 2021, which were announced on March 31, 2021.
November 2020 to January 2021 period
EPS of -6¢ vs. forecast of -9¢.
Net sales: $56.6 million vs. forecast of $53.3 million.
Sales growth was +47% YoY.
The total number of customers at the end of fiscal year 2021 was 1268. Last year, the number was 1183.
The number of customers with annual sales of $1 million or more was 36. In the previous year, the number was 21.
The number of customers with annual sales of $100,000 or more was 224. In the previous year, the number was 161.