Cyviz Full Year 2023 Earnings: EPS: kr0.29 (vs kr1.50 loss in FY 2022)

Cyviz (OB:CYVIZ) Full Year 2023 Results

Key Financial Results

• Revenue: kr585.4m (up 21% from FY 2022).
• Net income: kr3.70m (up from kr19.4m loss in FY 2022).
• Profit margin: 0.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: kr0.29 (up from kr1.50 loss in FY 2022).

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

Cyviz Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the IT industry in Norway.

Performance of the Norwegian IT industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Cyviz (at least 1 which is potentially serious), and understanding them should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.