Cy4gate Reports Full Year 2023 Earnings

Cy4gate (BIT:CY4) Full Year 2023 Results

Key Financial Results

• Revenue: €68.3m (up 21% from FY 2022).
• Net loss: €10.7m (down from €2.21m profit in FY 2022).

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

Cy4gate Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Italy.

Performance of the Italian Software industry.

The company's shares are down 5.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Cy4gate's balance sheet.

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