NASDAQ$CLMB

Climb Global Solutions Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Wayside Technology Group's Q4 2021 results were reported, featuring record net sales, gross profit, net income, adjusted EBITDA, and EPS at $0.78 per share.

Wayside Technology Group reported record fourth quarter and full year 2021 results, driven by organic growth, new vendors, and the acquisition of CDF Group Limited. Net income for Q4 increased by 36% to $3.4 million, or $0.78 per diluted share, while adjusted EBITDA increased by 17% to $5.1 million.

  • Adjusted gross billings increased 16% to $262.1 million.
  • Net sales increased 6% to $75.5 million.
  • Gross profit increased 20% to $12.6 million.
  • Net income increased 36% to $3.4 million or $0.78 per diluted share.

Headline financials

Total Revenue

$75.5M

Previous: $71.4M+5.7%
EPS (adj)

$0.78

Previous: $0.69+13.0%
Net Income

$3.45M

Previous: $2.53M+36.4%
Operating Income

$4.4M

Previous: $2.79M+57.8%
Gross Profit

$12.6M

Previous: $10.5M+19.5%
Cash & Equivalents

$29.3M

Previous: $29.3M-0.3%
Total Assets

$191M

Previous: $166M+15.2%
Stock-Based Comp

$293K

Previous: $241K+21.6%

Revenue & EPS history

Climb Global Solutions · Revenue · Quarterly

$75.5M

Q4 2021+5.7%vs Q4 2020
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

Wayside expects to generate another record year of results in 2022 and will remain steadfast in executing its core growth initiatives.

Tailwinds

  • Ramping several new vendor additions to the line card, including IRONSCALES, Sonatype and Vultr.
  • Became an approved vendor for the National Cooperative Purchasing Alliance (NCPA) in January.
  • NCPA partnership allows Wayside to leverage cooperative purchasing contracts and nationwide agency network.
  • Deliver best-in-class security and IT solutions across multiple sectors, including government, healthcare and education.
  • Strong foundation in place to support the emerging vendors in our network and pipeline across the globe.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+2.0%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+4.3%

Avg return

30 days after

58%

38 / 65 earnings

Positive

+19.4%

Q4 2022

Best reaction

-21.9%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-21.6%-7.4%+1.3%
Q4 2025-2.2%-3.9%-15.7%
Q3 2025-7.7%-15.1%-24.3%
Q1 2025-4.5%+1.0%+4.5%
Q4 2024+12.8%+1.8%-16.4%
Q3 2024-3.7%+1.6%+26.6%
Q2 2024+18.8%+27.3%+46.4%
Q1 2024-8.3%-9.4%-10.7%
Q4 2023+13.3%+11.5%+18.1%
Q3 2023-5.5%-4.6%+8.9%
Q2 2023-21.9%-20.5%-12.4%
Q1 2023+2.6%+6.9%+6.7%
Q4 2022+19.4%+23.3%+34.1%
Q3 2022-0.8%-1.4%+2.3%
Q2 2022-1.5%+0.4%-7.9%
Q1 2022+1.9%-0.7%+9.4%
Q4 2021+11.2%+4.3%+14.1%
Q3 2021+7.6%+3.6%+11.2%
Q2 2021+15.3%+9.1%+6.4%
Q1 2021-0.6%+0.3%+16.6%
Q4 2020+18.2%+21.9%+22.6%
Q3 2020-10.6%-11.6%-16.1%
Q2 2020-16.0%-15.3%-1.2%
Q1 2020+15.7%+20.5%+58.4%
Q4 2019+15.2%+11.6%-23.3%
Q3 2019-8.6%-7.8%-0.5%
Q2 2019+9.2%+14.8%+25.9%
Q1 2019-0.7%-2.9%-10.8%
Q4 2018+11.1%+10.7%+6.6%
Q3 2018+3.7%-0.6%-10.6%
Q2 2018-5.2%-8.5%-11.4%
Q1 2018+2.9%+3.3%+2.5%
Q4 2017+10.2%+10.9%+1.8%
Q3 2017-2.9%-3.1%+9.8%
Q2 2017-2.2%-6.1%-14.4%
Q1 2017+7.2%+3.6%+4.1%
Q4 2016+9.0%+7.2%+10.2%
Q3 2016+1.5%+0.0%-0.3%
Q2 2016+0.1%-0.3%-3.7%
Q1 2016-0.8%
Q4 2015-8.2%
Q3 2015+4.0%
Q2 2015+1.3%
Q1 2015+2.7%
Q4 2014-3.6%
Q3 2014+0.2%
Q2 2014-1.0%
Q1 2014-12.7%
Q4 2013+6.8%
Q3 2013+1.3%
Q2 2013+3.3%
Q1 2013+2.8%
Q4 2012-0.3%
Q3 2012-1.3%
Q2 2012-0.8%
Q1 2011+2.3%
Q1 2012+1.3%
Q4 2009+0.8%
Q4 2011+0.8%
Q3 2011+1.4%
Q3 2010+1.4%
Q2 2011+15.1%
Q4 2010+15.1%
Q2 2010+15.1%
Q1 2010-0.3%

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