On February 10, Momentive Global Inc. (MNTV) announced its financial results for the fourth quarter and full-year 2021. Consequent to this, the stock rebounded and became bullish in the after-hours on Thursday.
The regular trading session on Thursday saw an above-average volume of 2.69 million shares. The stock varied between a high of $17/28 and a low of $15.77 during the session. MNTV stock became bullish and gained 7.58% in the after-hours. Hence, MNTV was trading at $17.45 per share in the after-hours on Thursday.
The agile software solutions provider, Momentive Global Inc. helps companies to transform their stakeholder feedback into action. Currently, it has a market capitalization of $2.5 billion with 150.4 million outstanding shares. MNTV stock stands at a year-to-date loss of 23.31% while it subtracted 40.98% last year.
MNTV’s Q4 Highlights
In the fourth quarter of 2021, the company had total revenue of $117.3 million. This marks a YOY-based growth of 16%.
Moreover, MNTV incurred a non-GAAP net loss of $1.5 million or $0.01 per diluted share in the quarter.
Additionally, the paying users increased by 8% YOY to 888,700 approximately, in the quarter.
Full Fiscal 2021
For fiscal 2021, the company reported total revenue of $443.8 million with a growth of 18% YOY.
Furthermore, MNTV had a no-GAAP net loss of $0.9 million or $0.01 per diluted share in fiscal 2021.
The company ended the year with total cash and cash equivalents of $305.5 million and debt of $211.7 million.
Because of the company’s pending merger transaction with Zendesk, Inc. MNTV did not provide guidance for the future. And the company will not hold an earnings conference call due to the same reason.
MNTV: Recent SEC Filing
On February 03, the company announced filing an investor presentation with the SEC regarding its proposed transaction with Zendesk, Inc. Previously, the company had announced its intention for a business combination with Zendesk as the next step in its evolution and to increase stockholder value. The recent investor presentation outlines MNTV’s strategic rationale and significant opportunities for stockholder value regarding the transaction.
The crux of the presentation is the resulting stronger competitive differentiation in the global market, higher revenue growth, scale and profitability, and stockholder value addition due to the combination.
In addition, the company also mailed a letter to its stockholders for approving the merger in the upcoming meeting. MNTV will hold a Special Meeting of Stockholders on February 25, 2022, regarding the proposed merger transaction.
