Cirata Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Cirata (LON:CRTA) Full Year 2023 Results

Key Financial Results

• Revenue: US$6.70m (down 31% from FY 2022).
• Net loss: US$36.5m (loss widened by 23% from FY 2022).
• US$0.41 loss per share.

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

Cirata Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in the United Kingdom.

Performance of the British Software industry.

The company's shares are down 24% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Cirata has 4 warning signs (and 1 which is significant) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.