CISO Global Third Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

CISO Global (NASDAQ:CISO) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$14.1m (up 25% from 3Q 2022).
• Net loss: US$5.51m (loss narrowed by 35% from 3Q 2022).
• US$0.031 loss per share (improved from US$0.06 loss in 3Q 2022).

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

CISO Global EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are up 47% from a week ago.

Risk Analysis

Before you take the next step you should know about the 5 warning signs for CISO Global (1 can't be ignored!) that we have uncovered.

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