Almawave (BIT:AIW) Full Year 2023 Results
Key Financial Results
- Revenue: €57.5m (up 20% from FY 2022).
- Net income: €9.30m (up 93% from FY 2022).
- Profit margin: 16% (up from 10.0% in FY 2022). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Almawave Earnings Insights
The primary driver behind last 12 months revenue was the Italy segment contributing a total revenue of €49.0m (85% of total revenue). Notably, cost of sales worth €45.9m amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to €4.70m (168% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of €500.0k. Explore how AIW's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.
Performance of the Italian Software industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Almawave that you need to be mindful of.
Valuation is complex, but we're helping make it simple.
Find out whether Almawave is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial 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.
About BIT:AIW
Almawave
Almawave S.p.A. provides artificial intelligence (AI), natural language processing, and big data services in Italy and internationally.
Flawless balance sheet with solid track record.
