Dropsuite (ASX:DSE) Full Year 2023 Results

Key Financial Results

• Revenue: AU$31.4m (up 52% from FY 2022).

• Net income: AU$1.58m (up 9.2% from FY 2022).

• Profit margin: 5.1% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses.

• EPS: AU$0.002 (in line with FY 2022).

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

Dropsuite Earnings Insights

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia.

Performance of the Australian Software industry.

The company's shares are up 3.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Dropsuite's balance sheet and an in-depth analysis of the company's financial position.

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