Smartsheet is offering solutions for dynamic work and automation of workflows. Its stocks are 50% below their peak prices, and are affordable for investors who are looking for small cap companies. The major driver for the company is expanding remote working of teams that are located worldwide. The service is suitable for any company from any industry, and could be adjusted to any operational profile.

Smartsheet is actively attracting new big clients, as the number of clients that spend over $100,000 during the year increased by 55% compared to the previous year, and toped over 1000 firms. Average revenue per user also increased by 25% year-on-year. IT solutions is seen to be a very lucrative business, but Smartsheet demonstrates outstanding results as gross margin is over 80%, well above company’s peers.

The company’s management is targeting to increase revenues by 23-24% to $943-948 million in 2023. This looks impressive considering economic uncertainties. In other words, the decline of SMAR prices is an excellent opportunity to buy perspective stocks at low prices.