Shearwater Group Full Year 2023 Earnings: EPS Misses Expectations
Shearwater Group (LON:SWG) Full Year 2023 Results
Key Financial Results
Revenue: UK£26.7m (down 26% from FY 2022).
Net loss: UK£8.18m (loss widened by UK£7.88m from FY 2022).
UK£0.34 loss per share (further deteriorated from UK£0.012 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shearwater Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 153%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Software industry in the United Kingdom.
Performance of the British Software industry.
The company's shares are down 11% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Shearwater Group that you need to take into consideration.
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