Stock Analysis

Ohmyhome Full Year 2023 Earnings: Misses Expectations

Simply Wall St

April 26, 2024

Ohmyhome (NASDAQ:OMH) Full Year 2023 Results

Key Financial Results

Revenue: S$5.00m (down 29% from FY 2022).
Net loss: S$5.47m (loss widened by 79% from FY 2022).
S$0.31 loss per share (further deteriorated from S$0.19 loss in FY 2022).

earnings-and-revenue-growth — NasdaqCM:OMH Earnings and Revenue Growth April 26th 2024

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

Ohmyhome Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 8.6%.

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US.

Performance of the American Real Estate industry.

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

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 5 warning signs for Ohmyhome (1 is a bit unpleasant) you should be aware of.

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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.