Seeking AlphaCodex · 实盘不做把握 5/10
北京时间·🕒 发布 04:26:58时区推断·⟳ 抓取 04:27:44·⚡ 决策 07-29 04:29:07 +1m23s·91.1 天前
National Research公布二季度业绩：收入小幅高于预期但GAAP亏损、现金流偏弱
National Research（NRC.US）Q2收入35.4百万美元，略高于市场约34.9百万美元预期，Non-GAAP EPS为0.31美元。
📄 原文Seeking Alpha↗ 原文
National Research Non-GAAP EPS of $0.31, revenue of $35.4M
- National Research press release (NRC): Q2 Non-GAAP EPS of $0.31. - Revenue of $35.4M. - Net Income/Loss: GAAP net los…
不做 National Research（NRC.US）
排期内常规财报，收入仅小幅超预期且无指引上修；GAAP亏损和自由现金流偏弱使Non-GAAP EPS beat不够形成盘后追多edge。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- TradingView在财报前列出Q2收入预期34.90百万美元，说明收入基准已公开。
- Seeking Alpha盘后转发National Research Q2结果：Non-GAAP EPS 0.31美元、收入35.4百万美元、GAAP净亏损3.3百万美元。市场反应:事件发生时美股已收盘，连续交易不可用。
- MarketBeat页面显示Q2收入预期34.90百万美元，实际35.4百万美元仅小幅超预期。
关键理由
- National Research（NRC.US）Q2收入35.4百万美元，略高于市场约34.9百万美元预期，Non-GAAP EPS为0.31美元。
- GAAP净亏损3.3百万美元、经营现金流仅1.4百万美元、自由现金流0.1百万美元，主要受此前已披露的加速归属股票和现金奖金影响，新增利好不够干净。
- 这是一条常规盘后财报披露，未见上调指引或足以支撑盘后追多的明确超预期增量。
主要风险
- 若后续电话会给出2026年收入或利润率上修，可能改变当前不做判断。
- GAAP亏损和自由现金流偏弱会压低买方对Non-GAAP EPS beat的认可度。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-07-28 · 影响 weakens
未发现上调全年指引或重大订单等可把常规财报升级为短线追多催化的新增事实。
检索:National Research Corporation Q2 2026 earnings revenue EPS consensus July 28 2026 NRC 原文 ↗
原文全文
展开原文 · 712 字
- National Research press release (NRC): Q2 Non-GAAP EPS of $0.31.
- Revenue of $35.4M.
- Net Income/Loss: GAAP net loss was ($3.3) million, representing (9%) of revenue, and Adjusted Net Income* was $6.9 million, representing 19% of revenue, with the adjustment primarily reflecting previously announced accelerated vesting of stock and associated cash bonuses (“Adjustment Items”)
- Adjusted EBITDA: Adjusted EBITDA* was $9.4 million, representing 27% of revenue
- Cash Flow: Net cash flow from operating activities was $1.4 million, representing 4% of revenue; Free cash flow* was $0.1 million, in each case reflecting cash payment of approximately $2.9 million related to and included in the Adjustment Items
- Revenue of $35.4M.
- Net Income/Loss: GAAP net loss was ($3.3) million, representing (9%) of revenue, and Adjusted Net Income* was $6.9 million, representing 19% of revenue, with the adjustment primarily reflecting previously announced accelerated vesting of stock and associated cash bonuses (“Adjustment Items”)
- Adjusted EBITDA: Adjusted EBITDA* was $9.4 million, representing 27% of revenue
- Cash Flow: Net cash flow from operating activities was $1.4 million, representing 4% of revenue; Free cash flow* was $0.1 million, in each case reflecting cash payment of approximately $2.9 million related to and included in the Adjustment Items
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