Beam Communications Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Beam Communications Holdings (ASX:BCC) Full Year 2023 Results

Key Financial Results

• Revenue: AU$40.1m (up 69% from FY 2022).
• Net income: AU$2.08m (up from AU$176.8k loss in FY 2022).
• Profit margin: 5.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: AU$0.024 (up from AU$0.002 loss in FY 2022).

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

Beam Communications Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 4.0%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Global Communications industry.

Performance of the market in Australia.

The company's shares are up 16% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Beam Communications Holdings that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.