Petards Group Full Year 2023 Earnings: EPS Misses Expectations

Petards Group (LON:PEG) Full Year 2023 Results

Key Financial Results

• Revenue: UK£9.42m (down 13% from FY 2022).
• Net loss: UK£1.05m (down by 300% from UK£524.0k profit in FY 2022).
• UK£0.019 loss per share (down from UK£0.009 profit in FY 2022).

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

Petards Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 188%.

The primary driver behind last 12 months revenue was the United Kingdom segment contributing a total revenue of UK£9.19m (97% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£5.42m (91% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of UK£135.0k. Explore how PEG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 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.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Petards Group (at least 2 which are significant), and understanding them should be part of your investment process.

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