Stock Analysis

Tracsis Full Year 2023 Earnings: EPS: UK£0.23 (vs UK£0.051 in FY 2022)

Simply Wall St

Published December 15, 2023

Tracsis (LON:TRCS) Full Year 2023 Results

Key Financial Results

Revenue: UK£82.0m (up 19% from FY 2022).
Net income: UK£6.81m (up 353% from FY 2022).
Profit margin: 8.3% (up from 2.2% in FY 2022). The increase in margin was driven by higher revenue.
EPS: UK£0.23 (up from UK£0.051 in FY 2022).

AIM:TRCS Revenue and Expenses Breakdown December 15th 2023

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

Tracsis Earnings Insights

The primary driver behind last 12 months revenue was the Data, Analytics, Consultancy & Events segment contributing a total revenue of UK£44.2m (54% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£37.1m (86% of total expenses). Explore how TRCS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom.

Performance of the British Software industry.

The company's shares are down 1.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Tracsis' balance sheet and an in-depth analysis of the company's financial position.

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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.