Paymentus Holdings Full Year 2023 Earnings: Beats Expectations
Paymentus Holdings (NYSE:PAY) Full Year 2023 Results
Key Financial Results
Revenue: US$614.5m (up 24% from FY 2022).
Net income: US$22.3m (up from US$513.0k loss in FY 2022).
Profit margin: 3.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
EPS: US$0.18 (up from US$0.004 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Paymentus Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 38%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are up 21% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Paymentus Holdings' balance sheet and an in-depth analysis of the company's financial position.
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