Elixirr International Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Elixirr International (LON:ELIX) Full Year 2023 Results

Key Financial Results

• Revenue: UK£85.9m (up 22% from FY 2022).
• Net income: UK£17.2m (up 34% from FY 2022).
• Profit margin: 20% (up from 18% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: UK£0.38 (up from UK£0.28 in FY 2022).

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

Elixirr International EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 19%.

The primary driver behind last 12 months revenue was the USA segment contributing a total revenue of UK£37.5m (44% of total revenue). Notably, cost of sales worth UK£56.6m amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£8.61m (72% of total expenses). Explore how ELIX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in the United Kingdom.

Performance of the British Professional Services industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Elixirr International that we have uncovered.

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