RM (LON:RM.) Full Year 2023 Results
Key Financial Results
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Revenue: UK£195.2m (down 8.9% from FY 2022).
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Net loss: UK£43.3m (loss widened by 169% from FY 2022).
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UK£0.52 loss per share (further deteriorated from UK£0.19 loss in FY 2022).
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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