CoinShares International Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

CoinShares International (STO:CS) Full Year 2023 Results

Key Financial Results

• Revenue: UK£43.1m (down 16% from FY 2022).
• Net loss: UK£453.1m (down by 187% from UK£520.2m profit in FY 2022).
• UK£6.73 loss per share (down from UK£7.63 profit in FY 2022).

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

CoinShares International Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Capital Markets industry in Sweden.

Performance of the Swedish Capital Markets industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for CoinShares International (1 is potentially serious!) that you need to be mindful of.

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