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cyan Full Year 2023 Earnings: Misses Expectations
cyan (ETR:CYR) Complete results for the year 2023
Main financial results
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Revenue: 5.53 million euros (down 35% compared to fiscal year 2022).
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Net loss: €5.32 million (loss reduced by 68% compared to fiscal year 2022).
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Loss of €0.28 per share (improved from loss of €1.11 in FY2022).
earnings and revenue growth
All numbers shown in the chart above are for the period of the last 12 months (TTM)
Cyan Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 55%.
Looking ahead, revenue is forecast to grow 31% per year on average over the next 3 years, compared to a 9.6% growth forecast for the software industry in Germany.
Performance of German software industry.
The company’s shares rose 5.9% from the previous week.
Risk analysis
Don’t forget that there may still be risks. For example, we identified 4 warning signs for cyan (1 is worrying) you must be aware.
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