Stock Analysis

IDOX Full Year 2024 Earnings: EPS Misses Expectations

AIM:IDOX
Source: Shutterstock

IDOX (LON:IDOX) Full Year 2024 Results

Key Financial Results

  • Revenue: UK£87.6m (up 20% from FY 2023).
  • Net income: UK£5.26m (down 5.8% from FY 2023).
  • Profit margin: 6.0% (down from 7.6% in FY 2023). The decrease in margin was driven by higher expenses.
  • EPS: UK£0.012 (in line with FY 2023).
earnings-and-revenue-growth
AIM:IDOX Earnings and Revenue Growth January 30th 2025

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

IDOX EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.5% 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

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on IDOX's balance sheet.

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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.

About AIM:IDOX

IDOX

Through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally.

Excellent balance sheet with reasonable growth potential.

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