Troy Information Technology Full Year 2023 Earnings: Misses Expectations

Troy Information Technology (SZSE:300366) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.67b (down 24% from FY 2022).
• Net loss: CN¥474.5m (loss widened by CN¥435.5m from FY 2022).
• CN¥0.79 loss per share (further deteriorated from CN¥0.065 loss in FY 2022).

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

Troy Information Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 35%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's shares are up 8.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Troy Information Technology.

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