Perfect Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Perfect (NYSE:PERF) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$16.1m (up 11% from 3Q 2023).
• Net income: US$2.53m (down 28% from 3Q 2023).
• Profit margin: 16% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.025 (down from US$0.03 in 3Q 2023).

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

Perfect EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 2.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Perfect's balance sheet health.

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