RITEK Past Earnings Performance
Past criteria checks 0/6
RITEK has been growing earnings at an average annual rate of 44.5%, while the Tech industry saw earnings growing at 11.4% annually. Revenues have been declining at an average rate of 0.8% per year.
Key information
44.5%
Earnings growth rate
44.6%
EPS growth rate
| Tech Industry Growth | 14.0% |
| Revenue growth rate | -0.8% |
| Return on equity | -2.4% |
| Net Margin | -2.5% |
| Last Earnings Update | 31 Mar 2024 |
Revenue & Expenses Breakdown
How RITEK makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 7,761 | -194 | 1,327 | 241 |
| 31 Dec 23 | 7,630 | -303 | 1,324 | 245 |
| 30 Sep 23 | 7,654 | -308 | 1,457 | 215 |
| 30 Jun 23 | 7,736 | -184 | 1,462 | 213 |
| 31 Mar 23 | 7,902 | -147 | 1,409 | 222 |
| 31 Dec 22 | 7,739 | -149 | 1,381 | 213 |
| 30 Sep 22 | 7,533 | -137 | 1,385 | 207 |
| 30 Jun 22 | 7,422 | -232 | 1,309 | 202 |
| 31 Mar 22 | 7,297 | -340 | 1,255 | 194 |
| 31 Dec 21 | 7,477 | -341 | 1,252 | 194 |
| 30 Sep 21 | 7,378 | -579 | 1,221 | 187 |
| 30 Jun 21 | 7,201 | -684 | 1,225 | 176 |
| 31 Mar 21 | 6,775 | -759 | 1,247 | 158 |
| 31 Dec 20 | 6,578 | -897 | 1,213 | 146 |
| 30 Sep 20 | 6,737 | -2,308 | 1,207 | 164 |
| 30 Jun 20 | 6,843 | -2,284 | 1,237 | 171 |
| 31 Mar 20 | 7,310 | -2,280 | 1,279 | 180 |
| 31 Dec 19 | 7,779 | -2,255 | 1,332 | 183 |
| 30 Sep 19 | 8,185 | -1,036 | 1,471 | 158 |
| 30 Jun 19 | 8,630 | -1,052 | 1,419 | 147 |
| 31 Mar 19 | 9,089 | -1,143 | 1,421 | 158 |
| 31 Dec 18 | 9,359 | -1,293 | 1,399 | 180 |
| 30 Sep 18 | 9,758 | -1,962 | 1,260 | 189 |
| 30 Jun 18 | 9,841 | -2,243 | 1,363 | 209 |
| 31 Mar 18 | 9,779 | -2,395 | 1,401 | 195 |
| 31 Dec 17 | 9,797 | -2,430 | 1,525 | 164 |
| 30 Sep 17 | 9,590 | -2,207 | 1,590 | -3 |
| 30 Jun 17 | 9,652 | -2,131 | 1,535 | 39 |
| 31 Mar 17 | 10,073 | -2,152 | 1,547 | 91 |
| 31 Dec 16 | 10,484 | -2,233 | 1,489 | 158 |
| 30 Sep 16 | 10,897 | -2,170 | 1,777 | 355 |
| 30 Jun 16 | 11,067 | -2,365 | 1,870 | 358 |
| 31 Mar 16 | 10,900 | -1,916 | 1,809 | 367 |
| 31 Dec 15 | 11,080 | -2,163 | 1,860 | 365 |
| 30 Sep 15 | 11,688 | -2,179 | 1,596 | 375 |
| 30 Jun 15 | 11,962 | -2,207 | 1,579 | 355 |
| 31 Mar 15 | 12,144 | -3,185 | 1,649 | 359 |
| 31 Dec 14 | 12,354 | -3,315 | 1,634 | 381 |
| 30 Sep 14 | 12,499 | -3,656 | 1,740 | 438 |
| 30 Jun 14 | 13,159 | -3,618 | 1,802 | 492 |
| 31 Mar 14 | 14,227 | -3,289 | 1,745 | 493 |
| 31 Dec 13 | 14,754 | -3,127 | 1,769 | 499 |
| 30 Sep 13 | 14,936 | -2,987 | 2,084 | 72 |
| 30 Jun 13 | 15,564 | -2,758 | 2,104 | 129 |
Quality Earnings: 2349 is currently unprofitable.
Growing Profit Margin: 2349 is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 2349 is unprofitable, but has reduced losses over the past 5 years at a rate of 44.5% per year.
Accelerating Growth: Unable to compare 2349's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2349 is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (4.2%).
Return on Equity
High ROE: 2349 has a negative Return on Equity (-2.35%), as it is currently unprofitable.