Free Post Earnings Research Report: Square’s Adjusted Revenue Grew 44.6%; Adjusted EPS Soared 600%

Stock Monitor: Momo Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 22, 2017 / Active-Investors.com has just released a free earnings report on Square, Inc. (NYSE: SQ). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SQ. The Company posted its financial results on November 08, 2017, for the third quarter fiscal 2017. The Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Momo Inc. (NASDAQ: MOMO), which also belongs to the Technology sector as the Company Square. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Square most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=SQ

Earnings Highlights and Summary

For three months ended September 30, 2017, Square's total net revenues increased 33% to $585.16 million from $439.00 million in Q3 FY16. For the reported quarter, the Company's adjusted revenue increased 44.6% to $257.12 million from $177.78 million in Q3 FY16. The Company's adjusted revenue surpassed analysts' expectations of $244.95 million.

For the reported quarter, the Company's Transaction-based revenue increased 31% to $510.02 million on a y-o-y basis from $388.35 million in Q3 FY16. The increase was due to growth in Gross Payment Volume (GPV) Processed. For the reported quarter, the Company's Subscription and services-based revenue increased 84% to $65.05 million on a y-o-y basis. For the reported quarter, the Company's Hardware revenue increased 23% to $10.09 million on a y-o-y basis.

For the reported quarter, the Company's gross payment volume (GPV) increased 31.2% to 17.39 billion from 13.25 billion in Q3 FY16.

During Q3 FY17, Square's gross profit increased 45.4% to $218.62 million from $150.31 million in the same period last year. For the reported quarter, the Company's gross margin increased 320 basis points to 37.4% of revenue from 34.2% of revenue in Q3 FY16.

For the reported quarter, Square's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 195.2% to $34.30 million from $11.62 million in Q3 FY16. For the reported quarter, the Company's adjusted EBITDA margin increased 330 basis points to 5.9% of revenue from 2.6% of revenue in Q3 FY16.

During Q3 FY17, Square's operating loss was $14.89 million compared to operating loss of $31.98 million in the same period last year.

During Q3 FY17, Square's earnings before tax (EBT) was negative $16.75 million compared to negative $32.09 million in the same period last year.

For the reported quarter, Square's net loss was $16.10 million compared to net loss of $32.32 million in Q3 FY16. During Q3 FY17, the Company's diluted EPS was negative $0.04 compared to negative $0.09 in the same period last year.

For the reported quarter, Square's adjusted net income increased 717.7% to $30.09 million from $3.68 million on a y-o-y basis in Q3 FY16. During Q3 FY17, the Company's adjusted diluted EPS increased 600% to $0.07 on a y-o-y basis from $0.01 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of $0.05.

Balance Sheet

As on September 30, 2017, Square's cash and cash equivalents increased 45.7% to $658.41 million from $452.03 million on December 31, 2016.

For the reported quarter, the Company's settlements receivable increased 83% to $587.63 million from $321.10 million in Q4 FY16. For the reported quarter, the Company's accounts payable increased 7.4% to $13.53 million from $12.60 million in Q4 FY16.

In the first nine months of 2017, Square's net cash provided by operating activities increased 460.8% to $130.32 million from $23.24 million in the same period last year.

Stock Performance Snapshot

December 21, 2017 - At Thursday's closing bell, Square's stock slightly climbed 0.59%, ending the trading session at $35.87.

Volume traded for the day: 9.66 million shares.

Stock performance in the last three-month – up 24.77%; previous six-month period – up 48.41%; past twelve-month period – up 149.44%; and year-to-date – up 163.17%

After yesterday's close, Square's market cap was at $13.93 billion.

The stock is part of the Technology sector, categorized under the Internet Software & Services industry.

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