Stock Analysis

GB Group Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

June 30, 2024

GB Group (LON:GBG) Full Year 2024 Results

Key Financial Results

Revenue: UK£277.3m (flat on FY 2023).
Net loss: UK£48.6m (loss narrowed by 59% from FY 2023).
UK£0.19 loss per share (improved from UK£0.47 loss in FY 2023).

revenue-and-expenses-breakdown — AIM:GBG Revenue and Expenses Breakdown June 30th 2024

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

GB Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.

The primary driver behind last 12 months revenue was the Identity segment contributing a total revenue of UK£156.1m (56% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£185.2m (76% of total expenses). Explore how GBG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.7% 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 share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on GB Group's balance sheet health.

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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.