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).
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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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.