Stock Analysis
TASK Group Holdings Full Year 2023 Earnings: EPS Beats Expectations
TASK Group Holdings (ASX:TSK) Full Year 2023 Results
Key Financial Results
- Revenue: NZ$65.4m (up 100% from FY 2022).
- Net income: NZ$365.0k (up from NZ$24.1m loss in FY 2022).
- Profit margin: 0.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
- EPS: NZ$0.001 (up from NZ$0.091 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TASK Group Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Australia.
Performance of the Australian Software industry.
The company's shares are down 6.7% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for TASK Group Holdings you should be aware of.
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About ASX:TSK
TASK Group Holdings
TASK Group Holdings Limited develops and deploys cloud-based transactional management and mobile customer engagement solutions primarily for the hospitality sector.
Flawless balance sheet with reasonable growth potential.