Workiva Scored 5.98 – Triton Research Dossier Published

The Triton Research Dossier on Workiva Inc. has been published.  According to the Dossier, Workiva has captured dominant market share with its SaaS solution focused on SEC filings. However, that market is unlikely to grow, expansion outside of the U.S. will be a major challenge, and even our Bull model shows no profit through 2016. Revenue per customer growth has stalled, customer acquisition cost has recently doubled and other operating cost efficiencies have plateaued. The deal only works at the right price – and for a limited time.

Triton Research has published a 54-page report on Workiva Inc. containing a bottom-up financial model, product analysis, business model analysis, bull vs. bear case scenarios, comparative analyses, questions for management, historical capitalizations, historical valuations, and more.  For pricing information please contact Kaylan Tildsley at (212) 804-6151.