Beeks Financial Cloud Group (LON:BKS) Full Year 2024 Results
Main financial results
Revenue: GBP 28.9 million (up 29% compared to 2023).
Net profit: GBP 2.19 million (up from a loss of GBP 89,000 in 2023).
Profit margin: 7.6% (up from 2023 net loss). The transition to profitability was driven by revenue growth.
EPS: GBP 0.033 (up from loss of GBP 0.001 in 2023).
Profit and revenue growth
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Beeks Financial Cloud Group’s sales and profits fall below expectations
Sales were 2.4% lower than analysts expected. Earnings per share (EPS) also fell 30% below analyst expectations.
Looking ahead, revenues are expected to increase by an average of 22% per year over the next two years, compared to a growth forecast of 8.0% for the UK IT industry.
Performance of the UK IT industry.
The company’s stock price rose 9.2% from the previous week.
risk analysis
Remember, there may still be risks. For example, we’ve identified 1 warning sign for Beeks Financial Cloud Group you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
