The hate speech of the left and their fake facts about Israel are refuted daily and almost every hour. If you look at the current annual reports of Israeli high-tech companies listed at Wall Street (NASDAQ), not only are the results for 2022 very good and solid as a rock, but the forecasts all assume double-digit resp. near to double-digit growth for 2023.
It is and remains hate propaganda and a lie from the left that global corporations and investors will shy away from Israel because of the judiciary reform and will plunge Israel into an economic crisis. These left-wing and deep-state prognoses have no substance and are erroneous, one-dimensional speculations.
Many so-called “experts” and university professors are in the process of embarrassing themselves, because VonNaftali has already noted what they say today for 2023 and we will then take stock next year to see what the experts’ forecasts are worth.
Selected Balance Sheets of Israeli High-Tech Companies
CheckPoint reports excellent closing figures for 2022 and forecasts 8% earnings growth for 2023. Total revenues of Checkpoint for 2022 are $2,330 million, an 8% increase/year-over-year.
For the full year 2023, monday.com currently expects: Total revenue of $688 million to $693 million, representing year-over-year growth of 33% to 34%. Revenue was 2022 $519.0 million, an increase of 68% year-over-year, or 71% on an FX-adjusted basis.
Fiverr said that the revenue in 2022 was $337.4 million, an increase of 13.3% year over year. The forecast is $350.0 – $365.0 million or 4% to 8%.
WIX reported that the total revenue of 2022 was $361.4 million and up 8% y/y on a constant currency basis. And for 2023 WIX wrote: “Non-GAAP gross margin is expected to increase to 66% in FY2023 with an exit margin of 67%.” Further WIX forecasted for 2023 revenues of $1.50-1.53 billion, what is + 8%/year-over-year.
NICE reported for 2022: Full-year cloud revenue growth of +27% at constant currency. Total revenue was $2,181.3 million, and +14%. And prognosis for 2023: With year-over-year cloud revenue growth expected to be in a range of 22% to 25% for the full year 2023.
And VonNaftali can continue it that way. In short: No crisis because of the justice reform.
Forward-Looking Statements
Certain statements made in the press release by the companies named may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “pipeline,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although VonNaftali believes the expectations reflected in any forward-looking statement are based on reasonable assumptions, it can give no assurance that its expectations will be attained, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks, uncertainties and other factors.