Sylogist Full Year 2023 Earnings: EPS Misses Expectations
Sylogist (TSE:SYZ) Full Year 2023 Results
Key Financial Results
Revenue: CA$65.5m (up 19% from FY 2022).
Net income: CA$1.10m (down 46% from FY 2022).
Profit margin: 1.7% (down from 3.7% in FY 2022).
EPS: CA$0.047 (down from CA$0.085 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sylogist EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 44%.
The primary driver behind last 12 months revenue was the United States of America segment contributing a total revenue of CA$40.9m (62% of total revenue). The largest operating expense was General & Administrative costs, amounting to CA$13.9m (36% of total expenses). Explore how SYZ's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada.
Performance of the Canadian Software industry.
The company's shares are down 3.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Sylogist that you need to take into consideration.
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