Positivo Tecnologia Full Year 2023 Earnings: Revenues Miss Expectations

Positivo Tecnologia (BVMF:POSI3) Full Year 2023 Results

Key Financial Results

• Revenue: R$3.93b (down 21% from FY 2022).
• Net income: R$246.8m (down 19% from FY 2022).
• Profit margin: 6.3% (up from 6.1% in FY 2022). The increase in margin was driven by lower expenses.

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

Positivo Tecnologia Revenues Disappoint

Revenue missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Global Tech industry.

Performance of the market in Brazil.

The company's shares are up 9.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Positivo Tecnologia (1 is a bit concerning!) that you need to be mindful of.

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