Q: Please comment on BDGI-T 2023 forth quarter and annual financial results. Thank you.
5i Research Answer:
EPS of 14c missed estimates of 35c; revenue of $173M was 2% better than estimates. EBITDA of $34.4M was 9% light. The dividend was raised 4.3%. Profit did rise 11% on a 16% increase in revenue. Gross margin improved 0.9 percentage points. EBITDA rose 23%. While it was a 'miss' on the quarter, the stock remains up 40% in a year, and the outlook commentary was generally positive. EPS for the year missed estimates by 14% but sales beat by 2%. 20%+ growth is expected into 2025.