CloudCoCo Group (LON:CLCO) Full Year 2023 Results
Key Financial Results
- Revenue: UK£26.0m (up 7.3% from FY 2022).
- Net loss: UK£2.09m (loss narrowed by 8.6% from FY 2022).
- UK£0.003 loss per share (in line with FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CloudCoCo Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 3.4%.
Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the IT industry in the United Kingdom.
Performance of the British IT industry.
The company's shares are down 50% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for CloudCoCo Group (of which 2 are a bit unpleasant!) you should know about.
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About AIM:CLCO
CloudCoCo Group
Provides information technology (IT) and telephony services to small and medium-sized enterprises in the United Kingdom.
Good value with imperfect balance sheet.
