Coveo Solutions (TSE:CVO – Get Free Report) released its quarterly earnings data on Thursday. The company reported C($0.09) EPS for the quarter, FiscalAI reports. The firm had revenue of C$54.77 million for the quarter. Coveo Solutions had a negative return on equity of 26.89% and a negative net margin of 19.27%.
Here are the key takeaways from Coveo Solutions’ conference call:
- Q1 execution was in line or better than expected, with total revenue of CAD 38.5 million, adjusted EBITDA of CAD 0.1 million versus a CAD 1.9 million loss a year earlier, and CAD 9.2 million in operating cash flow.
- Coveo closed its largest transaction to date, expanding an existing Fortune Global 500 technology customer to more than $10 million in annual subscription revenue; the expansion included additional use cases, regions, languages, and consumption.
- Demand for AI applications is increasing, with generative AI representing approximately 30% of Q1 bookings and early adoption of Conversational Search, Conversational Product Discovery, and Merchandising Copilot. Management said customers are moving from pilots toward production deployments tied to measurable business outcomes.
- The company reaffirmed fiscal 2027 guidance, including SaaS subscription revenue of $154 million–$158 million, total revenue of $160 million–$164 million, adjusted EBITDA of $2 million–$7 million, and operating cash flow above $10 million; management noted that the timing of large enterprise deals remains difficult to forecast.
- Reported net expansion rate was 102% for the Coveo Core platform and 99% including legacy Qubit customers, indicating that legacy cohorts continue to weigh on the consolidated metric even as strategic cohorts expand at stronger rates.
Coveo Solutions Stock Up 5.1%
Shares of TSE CVO opened at C$4.55 on Friday. Coveo Solutions has a 12-month low of C$3.59 and a 12-month high of C$9.53. The company has a market cap of C$425.29 million, a P/E ratio of -15.17, a P/E/G ratio of 0.09 and a beta of 1.57. The company has a current ratio of 1.42, a quick ratio of 3.14 and a debt-to-equity ratio of 16.57. The stock has a fifty day moving average price of C$4.28 and a 200 day moving average price of C$4.89.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Coveo Solutions
Coveo Solutions Company Profile
Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes. Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person’s journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.
Recommended Stories
- Five stocks we like better than Coveo Solutions
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
- MarketBeat Week in Review – 07/27- 07/31
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
Receive News & Ratings for Coveo Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coveo Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
