Weimob Full Year 2023 Earnings: Revenues Miss Expectations

Simply Wall St·03/29/2024 22:24:07

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Weimob (HKG:2013) Full Year 2023 Results

Key Financial Results

Revenue: CN¥2.23b (up 21% from FY 2022).
Net loss: CN¥758.3m (loss narrowed by 59% from FY 2022).

earnings-and-revenue-growth — SEHK:2013 Earnings and Revenue Growth March 29th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Weimob Revenues Disappoint

Revenue missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Hong Kong.

Performance of the Hong Kong Software industry.

The company's shares are down 6.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Weimob'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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