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PTC (PTC)

PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation - on premises, in the cloud, or via its pure SaaS platform.

Company profile

Ticker
PTC
Exchange
Website
CEO
James Heppelmann
Employees
Incorporated
Location
Fiscal year end
Former names
PARAMETRIC TECHNOLOGY CORP
SEC CIK
IRS number
42866152

PTC stock data

Analyst ratings and price targets

Last 3 months

Calendar

5 Aug 22
9 Aug 22
30 Sep 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 323.04M 323.04M 323.04M 323.04M 323.04M 323.04M
Cash burn (monthly) (no burn) 3.6M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 4.83M n/a n/a n/a n/a
Cash remaining n/a 318.21M n/a n/a n/a n/a
Runway (months of cash) n/a 88.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Aug 22 Moret Blake D. Common Stock Sell Dispose S Yes No 120.8206 3,137 379.01K 9,664,234
5 Aug 22 Moret Blake D. Common Stock Sell Dispose S Yes No 120.0225 44,362 5.32M 9,667,371
5 Aug 22 Moret Blake D. Common Stock Sell Dispose S Yes No 118.8777 2,501 297.31K 9,711,733
5 Aug 22 Moret Blake D. Common Stock Sell Dispose S Yes Yes 121.04 300 36.31K 9,714,234
5 Aug 22 Moret Blake D. Common Stock Sell Dispose S Yes Yes 120.1987 7,700 925.53K 9,714,534
4 Aug 22 Moret Blake D. Common Stock Sell Dispose S Yes No 121.501 9,266 1.13M 9,722,234
4 Aug 22 Moret Blake D. Common Stock Sell Dispose S Yes No 120.7147 40,734 4.92M 9,731,500
4 Aug 22 Moret Blake D. Common Stock Sell Dispose S Yes Yes 121.4743 1,759 213.67K 9,772,234
4 Aug 22 Moret Blake D. Common Stock Sell Dispose S Yes Yes 120.7059 6,241 753.33K 9,773,993
3 Aug 22 Moret Blake D. Common Stock Sell Dispose S Yes No 122.1797 20,660 2.52M 9,780,234
0.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 1 1
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Huntington National Bank 1 $0 0.0%
Largest transactions Shares Bought/sold Change
Huntington National Bank 1 0 0.0%

Financial report summary

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Risks
  • We face significant competition, which may reduce our profitability and limit or reduce our market share.
  • A breach of security in our products or computer systems, or those of our third-party service providers, could compromise the integrity of our products, cause loss of data, harm our reputation, create additional liability and adversely impact our financial results.
  • We increasingly rely on third-party providers of cloud infrastructure services to deliver our offerings to users on our platform, and any disruption of or interference with our use of these services could adversely affect our business.
  • We may be unable to hire or retain personnel with the necessary skills to operate and grow our business, which could adversely affect our ability to compete.
  • The extent to which the COVID-19 pandemic may impact our business is uncertain and it could materially adversely affect our financial condition and results of operations.
  • We depend on sales within the discrete manufacturing sector and our business could be adversely affected if manufacturing activity does not grow, or if it contracts, or if manufacturers are adversely affected by other economic factors.
  • Because our sales and operations are globally dispersed, we face additional compliance risks and any compliance failure could adversely affect our business and financial results.
  • Businesses we acquire may not generate the revenue and earnings we anticipate and may otherwise adversely affect our business.
  • We may incur significant debt or issue a material amount of debt or equity securities to finance an acquisition, which could adversely affect our operating flexibility and financial statements.
  • Our inability to maintain or develop our strategic and technology relationships could adversely affect our business.
  • We may be unable to adequately protect our proprietary rights, which could adversely affect our business and our ability to compete effectively.
  • Intellectual property infringement claims could be asserted against us, which could be expensive to defend and could result in limitations on our use of the claimed intellectual property.
  • Our substantial indebtedness could adversely affect our business, financial condition and results of operations, as well as our ability to meet our payment obligations under our debt.
  • Despite our current level of indebtedness, we and our subsidiaries may still be able to incur substantially more debt and other obligations. This could further exacerbate the risks to our financial condition described above.
  • We are required to comply with certain financial and operating covenants under our debt agreements. Any failure to comply with those covenants could cause amounts borrowed to become immediately due and payable and/or prevent us from borrowing under the credit facility.
  • Our credit facility has variable interest tied to LIBOR and we could become subject to higher interest rates if the replacement rate we agree on with our banks is higher.
  • Our operating results fluctuate from quarter to quarter, making future operating results difficult to predict; failure to meet market expectations could cause the price of our securities to decline.
  • Our stock price has been volatile, which may make it harder to resell shares at a favorable time and price.
  • From time to time, we may acquire common stock in publicly traded companies as strategic investments. Owning such stock exposes us to the volatility, liquidity and other risks inherent in holding that stock.
  • Our Senior Notes are unsecured and do not limit our ability to incur indebtedness, which could reduce any payments to holders of the Senior Notes in connection with any insolvency, liquidation, reorganization, dissolution or other winding up of PTC.
  • Our Senior Notes are not guaranteed by any of our subsidiaries, which could adversely affect our ability to pay interest on or redeem the Senior Notes when due.
  • Our international businesses present economic and operating risks, which could adversely affect our business and financial results.
  • We may have exposure to additional tax liabilities and our effective tax rate may increase or fluctuate, which could increase our income tax expense and reduce our net income.
Management Discussion
  • For discussion of FY’20 results and comparison with FY’19 results, refer to Management's Discussion and Analysis of Financial Conditions and Results of Operations in our Annual Report on Form 10-K for the fiscal year ended September 30, 2020.
  • Approximately 60% of our revenue and 40% of our expenses are transacted in currencies other than the U.S. dollar. Because we report our results of operations in U.S. Dollars, currency translation, particularly changes in the Euro, Yen, Shekel, and Rupee relative to the U.S. Dollar, affects our reported results. Our constant currency disclosures are calculated by multiplying the results in local currency for FY’21 and FY’20 by the exchange rates in effect on September 30, 2020, excluding the effect of any hedging. If FY'21 reported results were converted into U.S. dollars based on this methodology, FY'21 revenue would have been lower by $20 million and expenses would have been lower by $8 million. The net impact on year-over-year results would have been a decrease in operating income of $12 million in FY'21.
  • The results of operations in the table above and revenue by line of business, product group, and geographic region in the tables that follow present both actual percentage changes year over year and percentage changes on a constant currency basis.

Content analysis

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Readability
H.S. sophomore Avg
New words: ago, comparison, complementary, diligence, Disposition, divestiture, fact, flat, Hearing, inflation, intent, Partner, publicly, relevant, residual, reversal, rTSR
Removed: attainment, Exhibit, IoT, point, put, represent, TSR, uncapped