Israeli work operating systems company Monday.com (NASDAQ: MNDY) The share price increases by 30 % in Wall Street after overcoming the consensus of the analysts in its results in the fourth quarter 2024 and determining its vision and strategy. The company, which is run by Cofounders, Co-CoOS Roy Mann and Eran Zinman, reported the fourth quarter revenues worth $ 268 million, an increase of 32.3 % over the corresponding quarter, and the highest estimates of analysts. In the year 2024, revenues amounted to $ 972 million, an increase of 32 % over 2023.
“The year 2024 was exceptional for Monday, it is characterized by accelerated innovation, the development of new products, and the successful implementation of the marketing strategy, which paid a strong demand from customers and institutions of all sizes. In 2025, we will increase our development efforts. In the field of artificial intelligence, with advanced integration of artificial intelligence blocks and the launch of the digital workforce – a new group based on artificial intelligence agents.
At the conclusion of the trade yesterday, the sigaqi of the market achieved $ 13 billion, an increase of 14 % during the past year. In the morning trading on the Nasdaq Stock Exchange, the company’s share price increased by 30 %, which gives a maximum market of $ 16.9 billion, making it the fourth most prominent Israeli company after the Check Point (Nasdaq: Chkp), Teva Pharmaceuticals (NYSE: Teva; Tase: Teva: Teva) and Cyberark (Nasdaq: Cybr).
In the fourth quarter, Monday.com reported the profit of the net principles of acceptable accounting in general, amounting to $ 23 million compared to 12.3 million dollars in the corresponding quarter of 2023. In the entire 2024, the net of GAAP profit reached 32.4 million dollars after a net loss of $ 1.9 million In 2023.
The net profit of the GAAP net reached $ 57.3 million in the fourth quarter, an increase of 70 % over the fourth quarter of 2023 and $ 1.08 share profits, much higher than analysts’ expectations. In 2024, a net profit other than the principles of accounting generally accepted $ 183 million and $ 3.50 per share, an increase of 93.1 % over 2023.
Monday.com produced $ 311 million of operational activities during the year, and the free cash flow was about 296 million dollars. At the end of the year, the company had $ 1.46 billion in cash.
Monday.com expects the annual revenue threshold worth a billion dollars in 2025, and according to its directives, the revenue this year will increase by 24 % to 26 % to 1.208-1.221 billion dollars, similar to market expectations (expectations include a negative impact of price fluctuations The exchange). The indirect operating income will reach 134 to 142 million dollars, at a rate of 11 % to 12 % of revenues, compared to 13.6 % in 2024, and the free cash flow will reach between 300-308 million dollars. In the first quarter of 2025, the company sees revenues ranging between 274-276 million dollars and indirect operation from 25 to 27 million dollars.
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In its financial report, Monday.com also announced the vision of AI, which the company says, is a major work of the strategy, and announced the availability of a new product – on Monday, which depends on the capabilities of artificial intelligence and allows the difference in an organization to provide an exceptional service experience. According to Monday, the company’s approach is to provide a solution to the unique challenges to employees and companies and give a competitive advantage to small and medium companies by allowing them to grow and change commercial operations quickly and without allocating additional resources. At the same time, large companies will be able to accelerate the operations that have slowed down because of their size. According to the company, its capabilities allow anyone, regardless of his technological background, to become an AI’s developer.
The company lists three columns to see Amnesty International, which is designed to simplify the work of the teams and simplify it: AI’s blocks, which are customized AI’s procedures, and empowerment, for example, data analysis; It takes energy, which is the capabilities of artificial intelligence that will be combined into the company’s products and helps to simplify commercial processes such as resource customization and risk management; The digital workforce, a team of artificial intelligence agents who will provide tasks such as identifying repeated problems in customer service. The company will launch the first agent of Amnesty International next month.
It was published by Globes, Israel Business News – En.globes.co.il – on February 10, 2025.
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