International Business Digital Technology reported their full year 2023 financial metrics, showcasing significant growth in revenue and a widening net loss. The company’s revenue increased by 16% to CN¥120.2m compared to the previous fiscal year, while their net loss of CN¥47.2m was a massive increase of 295% compared to FY 2022. This resulted in a loss per share of CN¥0.07, which is a significant deterioration from CN¥0.019 in the previous year.
To better understand International Business Digital Technology’s stock price movements, we can look at its earnings and revenue history as of March 31st, 2024. The trailing 12-month (TTM) period shows that the company’s shares have seen an impressive 12% increase in value from the week prior. However, it is important for investors to be aware of potential risks associated with this stock.
One key risk factor to keep an eye on is valuation. While valuation can be complex, our analysis aims to simplify it for investors by understanding the potential over or undervaluation of the company. By doing so, investors can make informed decisions based on fundamental data and long-term focused analysis driven by data analysis techniques that are not influenced by qualitative information or recent company announcements.
