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**Company Overview:**
* **Name:** Journal Technologies, Inc.
* **Symbol:** JPLUS
* **Exchange:** Nasdaq
* **Industry:** Software and Services
**Journal Plus:**
Journal Plus is a cloud-based software platform that helps businesses manage their accounting, payroll, and human resources. It offers a suite of tools for:
* Financial reporting
* Accounts payable and receivable
* Inventory management
* Payroll processing
* Employee benefits administration
**Earnings and Growth:**
* **Revenue:** $100.6 million in 2022, up 15% year-over-year
* **Net income:** $16.4 million in 2022, up 20% year-over-year
* **Earnings per share (EPS):** $0.67 in 2022, up 18% year-over-year
* **Annualized recurring revenue (ARR):** $115.6 million as of March 31, 2023, up 17% year-over-year
**Key Metrics:**
* **Customer count:** Over 10,000 businesses
* **Average revenue per user (ARPU):** $10,000
* **Gross profit margin:** 65%
* **Operating margin:** 16%
**Growth Drivers:**
* Increasing demand for cloud-based accounting and payroll solutions
* Expansion into new markets and verticals
* Strategic acquisitions and partnerships
* Product innovation and enhancements
**Risks:**
* Competition from larger software providers
* Economic downturn or recession
* Cybersecurity threats
**Valuation:**
* **Market capitalization:** $1.2 billion
* **Price-to-sales (P/S) ratio:** 12x
* **Price-to-earnings (P/E) ratio:** 18x
**Analyst Recommendations:**
* **Consensus rating:** Buy
* **Average price target:** $15 per share