Troy Information Technology (SZSE:300366) released its full year 2023 financial results, reporting a 24% decline in revenue to CN¥1.67b compared to the previous year. The company also posted a net loss of CN¥474.5m, indicating a widening loss of CN¥435.5m compared to the prior year. Earnings per share (EPS) deteriorated to CN¥0.79 loss from CN¥0.065 loss in FY 2022.
Despite missing analyst expectations by 35%, Troy Information Technology’s shares have seen an increase of 8.6% compared to the previous week, indicating investor confidence in the company’s future prospects. Looking ahead, the company forecasts a 33% annual revenue growth over the next two years, outpacing the industry forecast of 19% growth in the Chinese IT sector.
While investors are excited about Troy Information Technology’s growth potential, they should conduct a risk analysis before making any investment decisions as there may be potential warning signs with the company. If you have any feedback or concerns regarding this content, please contact Simply Wall St directly.