Free Cash Flow was Up 384% in Mastercard’s 2022 Q3 Results

Mastercard (NYSE: MA) announced 2022 Q3 financial results on October 27, 2022. According to the announcement, net revenue, operating income and net income were up 15%, 14% and 4%, respectively (YoY, 3 months). On quarter-over-quarter basis, these were up 5%, 3%, and 9%, respectively. Thus, 2022 Q3 results showed no signs of slowdown of theContinue reading “Free Cash Flow was Up 384% in Mastercard’s 2022 Q3 Results”

Slowdown of Apple’s Service Revenue might be a Major Concern in Future Outlook

Apple announced its 2022 Q4 financial results on October 27, 2022. According to the announcement, total net sales, operating income and net income were up 8%, 5% and 1%, respectively (YoY, 3 months). In addition, cash generated by operating activities was up 17% (12 months, TTM, YoY). Moreover, free cash flow was up 12%. LookingContinue reading “Slowdown of Apple’s Service Revenue might be a Major Concern in Future Outlook”

Teladoc’s Net Loss totaled USD 73.5 Million in 2022 Q3

Teladoc Health (NYSE: TDOC) announced its 2022 Q3 financial results on October 26, 2022. According to the announcement, total revenue was up 17% (YoY, 3 months). On the other hand, loss from operations and net loss totaled USD 71.7 million and USD 73.5 million, respectively (3 months). In addition, adjusted EBITDA was down 24% (YoY,Continue reading “Teladoc’s Net Loss totaled USD 73.5 Million in 2022 Q3”

Visa continued to show Superior Business Performance

Visa (NYSE: V) announced its 2022 Q4 financial results on October 25, 2022. According to the announcement, net revenues, operating income and net income were up 19%, 18% and 10%, respectively (YoY, 3 months, GAAP). In addition, payment volume was up 10% (YoY, 3 months). Moreover, cross-border volume excluding intra-Europe was up 49%. As forContinue reading “Visa continued to show Superior Business Performance”

Microsoft’s Service Segment Revenue was Up 20% in 2023 Q1

Microsoft (NASDAQ: MSFT) announced its 2023 Q1 financial results on October 25, 2022. According to the announcement, total revenue, operating income were up 11% and up 6%, respectively(GAAP, YoY, 3 months). However, net income was down 14%. Product revenue was down 5%, while service and the other revenue was up 20% (YoY, 3 months). LookingContinue reading “Microsoft’s Service Segment Revenue was Up 20% in 2023 Q1”

Financing Strategies of Startups and Role of IPRs

For startups, success in financing is a crucial step for succeeding in their business. When focusing on debt financing among startup’s financing, intellectual property-backed financing focusing on intellectual property right (IPR) value seems promising. However, IPRs as intangible fixed assets have the lower liquidity. Thus, IPRs are very difficult to be converted to cash. InContinue reading “Financing Strategies of Startups and Role of IPRs”

Alphabet’s Free Cash Flow was Up 45% in 2022 Q3

Alphabet (NASDAQ: GOOGL) announced its 2022 Q3 financial results on October 25, 2022. According to the announcement, revenues were up 6% (YoY, 3 months).  On the other hand, operating income and net income were down 19% and 27%, respectively. In addition, operating margin recorded 25%, down about 70bp, year-over-year (3 months). The slowdown in revenueContinue reading “Alphabet’s Free Cash Flow was Up 45% in 2022 Q3”

Role of Intellectual Property in Startups’ Growth Strategy

Intellectual Property (IP) is often said to be important in growth strategy of startups. However, we do not have any consensus yet on what kind of IP strategy is important. As for large companies, number of IPs is certainly important. It would be symbolized by Google’s acquisition case of Motorola Mobility. On the other hand,Continue reading “Role of Intellectual Property in Startups’ Growth Strategy”

Tesla’s Operating Margin was Up 262 bp in 2022 Q3

Tesla (NASDAQ: TSLA) announced its 2022 Q3 financial results on October 19, 2022.  According to the announcement, total revenues, income from operations and net income were up 56%, 84% and 103%, respectively (YoY, 3 months, GAAP).  In addition, diluted EPS attributable to common shareholders was up 98% (YoY, 3 months, GAAP). Due to the higherContinue reading “Tesla’s Operating Margin was Up 262 bp in 2022 Q3”

Watanabe & Brothers’ Investment announced 2022 Q2 Financial Results

We are very pleased to inform that Watanabe & Brother’s Investment announced 2022 Q2 financial results on October 6, 2022.  In this regard, our fund suffered a loss of 15% with respect to 2021 Q1 (JPY, YoY). We believe that it was due to further rising long-term interest rates as well as rising inflation ratesContinue reading “Watanabe & Brothers’ Investment announced 2022 Q2 Financial Results”

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