N-able Inc
NABL
ISIN US62878D1000 / Valor 112382956
N-able Inc
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About company
N-able Inc is a company that provides technology solutions for managed services providers (MSPs) to assist small and medium enterprises in navigating the digital landscape. Their technology platform offers monitoring, management, and protection services for end customer systems, data, and networks, with a focus on security, automation, and backup and recovery solutions. N-able aims to simplify complex IT ecosystems and help customers address their most critical challenges by offering proactive support, partner programs, training, and growth resources to help MSPs deliver value and achieve success on a larger scale.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (07.08.2024):
Revenue Growth
N-able Inc. reported a total revenue of $113.7 million for the first quarter of 2024, marking a 14.0% increase year-over-year. On a constant currency basis, the revenue growth was 13.7%. This growth reflects the company's expanding customer base and the increasing demand for its software solutions.
Subscription Revenue
In the first quarter of 2024, N-able Inc. achieved subscription revenue of $111.5 million, which represents a 14.4% year-over-year growth. On a constant currency basis, the subscription revenue growth was 14.2%. This indicates strong recurring revenue from the company's subscription-based services.
Profit Margins
N-able Inc. reported a GAAP gross margin of 83.9% and a non-GAAP gross margin of 84.7% for the first quarter of 2024. The company's ability to maintain high profit margins demonstrates its operational efficiency and effective cost management strategies.
Net Income
For the first quarter of 2024, N-able Inc. reported a GAAP net income of $7.5 million, or $0.04 per diluted share. On a non-GAAP basis, the net income was $19.8 million, or $0.11 per diluted share. This significant difference highlights the impact of non-recurring items and adjustments on the company's profitability.
Adjusted EBITDA
N-able Inc. achieved an adjusted EBITDA of $39.6 million in the first quarter of 2024, representing a 21.0% year-over-year increase. The adjusted EBITDA margin was 34.8%, indicating strong earnings before interest, taxes, depreciation, and amortization, and reflecting the company's robust financial health.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2653 M
Market cap (USD)
183,273
Daily traded volume (Shares)
10.56 / 10.17
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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EPS (USD)
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Ratings & reviews
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