Veris Full Year 2024 Earnings: Misses Expectations

Veris (ASX:VRS) Full Year 2024 Results

Key Financial Results

• Revenue: AU$92.6m (down 8.2% from FY 2023).
• Net loss: AU$4.69m (down from AU$1.07m profit in FY 2023).
• AU$0.009 loss per share (down from AU$0.002 profit in FY 2023).

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

Veris Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Professional Services industry in Australia.

Performance of the Australian Professional Services industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Veris that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.