essensys – full-year results, a “resilient financial performance” with “sufficient capital”. Or not?…
By Steve Moore | Tuesday 31 October 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Describing itself as a “leading global provider of software and technology to the flexible workspace industry”, essensys (ESYS) has announced results for its year ended 31st July 2023 emphasising a “resilient financial performance. Group total revenues up 9%” (to £25.3 million) and that it “enters FY24 as a leaner, more efficient business and our momentum with strategic customers and new product developments supports our confidence of further progress in the year ahead”. So what of a current 28p share price, down from above 60p earlier this year?
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