Crayon Group Holding Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Crayon Group Holding (OB:CRAYN) Full Year 2023 Results
Key Financial Results
- Revenue: kr6.40b (up 23% from FY 2022).
- Net loss: kr115.0m (down from kr25.0m profit in FY 2022).
- kr1.29 loss per share (down from kr0.28 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Crayon Group Holding Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) missed analyst estimates.
The primary driver behind last 12 months revenue was the Services - Consulting segment contributing a total revenue of kr2.66b (42% of total revenue). Notably, cost of sales worth kr4.72b amounted to 74% of total revenue thereby underscoring the impact on earnings.Explore how CRAYN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Norway.
Performance of the Norwegian Software industry.
The company's shares are up 4.4% 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 Crayon Group Holding's 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.
About OB:CRAYN
High growth potential with mediocre balance sheet.
