Cloud-based software provider Bill.com Holdings, Inc. (BILL) recently reported its fiscal fourth-quarter results, surpassing Wall Street estimates on both EPS and revenues. The company’s revenue increased 155.8% year-over-year to $200.22 million, coming in higher than the consensus estimate of $183.10 million. Its non-GAAP loss per share of $0.03 came much lower than the consensus estimate of a loss of $0.13.
Despite guiding solid revenue and earnings growth for the first quarter of fiscal 2023, the company’s weak financials are expected to keep the stock under pressure. The stock has declined 34.6% year-to-date.
