QingCloud Technologies Past Earnings Performance
Past criteria checks 0/6
QingCloud Technologies has been growing earnings at an average annual rate of 2.8%, while the IT industry saw earnings growing at 3.7% annually. Revenues have been declining at an average rate of 15% per year.
Key information
2.8%
Earnings growth rate
10.9%
EPS growth rate
| IT Industry Growth | 7.5% |
| Revenue growth rate | -15.0% |
| Return on equity | -76.6% |
| Net Margin | -38.5% |
| Last Earnings Update | 31 Mar 2024 |
Revenue & Expenses BreakdownBeta
How QingCloud Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 342 | -131 | 136 | 78 |
| 31 Dec 23 | 336 | -170 | 150 | 84 |
| 30 Sep 23 | 329 | -159 | 141 | 83 |
| 30 Jun 23 | 323 | -173 | 146 | 96 |
| 31 Mar 23 | 294 | -218 | 163 | 107 |
| 31 Dec 22 | 305 | -244 | 169 | 123 |
| 30 Sep 22 | 362 | -256 | 180 | 136 |
| 30 Jun 22 | 397 | -289 | 188 | 145 |
| 31 Mar 22 | 416 | -293 | 190 | 145 |
| 31 Dec 21 | 424 | -283 | 185 | 132 |
| 30 Sep 21 | 481 | -269 | 200 | 120 |
| 30 Jun 21 | 469 | -233 | 184 | 98 |
| 31 Mar 21 | 455 | -183 | 155 | 80 |
| 31 Dec 20 | 429 | -163 | 145 | 73 |
| 30 Sep 20 | 344 | -160 | 128 | 73 |
| 31 Dec 19 | 377 | -190 | 178 | 70 |
| 31 Dec 18 | 282 | -149 | 138 | 64 |
| 31 Dec 17 | 239 | -96 | 124 | 31 |
Quality Earnings: 688316 is currently unprofitable.
Growing Profit Margin: 688316 is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 688316 is unprofitable, but has reduced losses over the past 5 years at a rate of 2.8% per year.
Accelerating Growth: Unable to compare 688316's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 688316 is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-5.3%).
Return on Equity
High ROE: 688316 has a negative Return on Equity (-76.64%), as it is currently unprofitable.