SecureWorks Full Year 2024 Earnings: EPS Misses Expectations
SecureWorks (NASDAQ:SCWX) Full Year 2024 Results
Key Financial Results
Revenue: US$365.9m (down 21% from FY 2023).
Net loss: US$86.0m (loss narrowed by 25% from FY 2023).
US$1.00 loss per share (improved from US$1.36 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SecureWorks EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 49%.
Looking ahead, revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Software industry in the US are expected to grow by 12%.
Performance of the American Software industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for SecureWorks that you need to be mindful 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.
