Audioboom Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Audioboom Group (LON:BOOM) Full Year 2023 Results

Key Financial Results

• Revenue: US$65.0m (down 13% from FY 2022).
• Net loss: US$19.4m (loss widened by US$18.7m from FY 2022).
• US$1.19 loss per share (further deteriorated from US$0.047 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Audioboom Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in the United Kingdom.

Performance of the British Interactive Media and Services industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Audioboom Group that you need to take into consideration.

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