ClearSale Full Year 2023 Earnings: EPS Beats Expectations

ClearSale (BVMF:CLSA3) Full Year 2023 Results

Key Financial Results

• Revenue: R$504.1m (down 1.1% from FY 2022).
• Net loss: R$28.0m (loss narrowed by 24% from FY 2022).
• R$0.15 loss per share (improved from R$0.20 loss in FY 2022).

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

ClearSale EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 40%.

The primary driver behind last 12 months revenue was the Brazil segment contributing a total revenue of R$310.0m (61% of total revenue). Notably, cost of sales worth R$341.2m amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to R$247.5m (100% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of R$56.4m. Explore how CLSA3's revenue and expenses shape its earnings.

The company's shares are up 14% from a week ago.

Risk Analysis

You still need to take note of risks, for example - ClearSale has 2 warning signs we think 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.