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GB Group First Half 2023 Earnings: UK£0.003 loss per share (vs UK£0.057 profit in 1H 2022)

GB Group (LON:GBG) First Half 2023 Results

Key Financial Results

  • Revenue: UK£133.8m (up 23% from 1H 2022).

  • Net loss: UK£749.0k (down by 107% from UK£11.2m profit in 1H 2022).

  • UK£0.003 loss per share (down from UK£0.057 profit in 1H 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

GB Group Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Software industry in the United Kingdom.

Performance of the British Software industry.

The company's shares are down 14% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for GB Group (1 is potentially serious!) that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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