Finance

UK£0.52 loss per share (vs UK£0.19 loss in FY 2022)


RM (LON:RM.) Full Year 2023 Results

Key Financial Results

  • Revenue: UK£195.2m (down 8.9% from FY 2022).

  • Net loss: UK£43.3m (loss widened by 169% from FY 2022).

  • UK£0.52 loss per share (further deteriorated from UK£0.19 loss in FY 2022).

revenue-and-expenses-breakdown

LSE:RM. Revenue and Expenses Breakdown March 17th 2024

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

RM Earnings Insights

The primary driver behind last 12 months revenue was the Rm Tts segment contributing a total revenue of UK£75.9m (39% of total revenue). Notably, cost of sales worth UK£131.9m amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£69.9m (66% of total expenses). Explore how RM.’s revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Software industry in the United Kingdom.

Performance of the British Software industry.

The company’s shares are down 6.9% from a week ago.

Risk Analysis

Be aware that RM is showing 2 warning signs in our investment analysis and 1 of those is significant…

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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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