TextMagic Reports Full Year 2022 Earnings

TextMagic (TAL:MAGIC) Full Year 2022 Results

Key Financial Results

• Revenue: €14.1m (up 206% from FY 2021).
• Net income: €4.62m (up from €141.0k loss in FY 2021).
• Profit margin: 33% (up from net loss in FY 2021). The move to profitability was driven by higher revenue.

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

TextMagic Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Software industry in Europe.

Performance of the market in Estonia.

The company's shares are up 4.9% 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 TextMagic that you need to be mindful of.

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