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Iveda Solutions Full Year 2023 Earnings: Misses Expectations

Iveda Solutions (NASDAQ:IVDA) Full Year 2023 Results

Key Financial Results

  • Revenue: US$6.50m (up 45% from FY 2022).

  • Net loss: US$3.24m (loss narrowed by 3.3% from FY 2022).

  • US$0.20 loss per share (improved from US$0.26 loss in FY 2022).

earnings-and-revenue-history
earnings-and-revenue-history

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

Iveda Solutions Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 5.3%.

Looking ahead, revenue is forecast to grow 73% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.

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Performance of the American Software industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Iveda Solutions that we have uncovered.

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.