Praemium Reports First Half 2023 Earnings
Praemium (ASX:PPS) First Half 2023 Results
Key Financial Results
Revenue: AU$35.4m (up 17% from 1H 2022).
Net income: AU$9.10m (up from AU$1.39m loss in 1H 2022).
Profit margin: 26% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Praemium Earnings Insights
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Australia.
Performance of the Australian Software industry.
The company's shares are up 6.1% 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 Praemium's balance sheet and an in-depth analysis of the company's financial position.
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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.
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