JOLTS Job Openings (Jun) 7.44M vs 7.5M Expected
Investing.com -- Basler shares remained unchanged today following the release of the company’s mixed fourth-quarter financial results.
The German tech company reported a revenue of €47.0 million, marking a 3% increase year-on-year (YoY) and a 7% rise from the previous quarter, outperforming expectations by 2% against financial services consensus. Despite the revenue uptick, earnings before taxes (EBT) fell to negative €7.1 million compared to negative €4.1 million in the same period last year.
The company’s new orders showed a significant improvement, totaling €58.9 million, which is a substantial 53% YoY increase and a 44% rise from the third quarter. This resulted in a book-to-bill ratio of 1.3x, a notable improvement from 0.9x in the third quarter of 2024. However, free cash flow (FCF) dipped to negative €0.1 million from €1.9 million in the prior year.
For the full fiscal year 2024, Basler’s revenue was €183.7 million, down 10% YoY but still above expectations with a 2% positive variance from the financial services consensus. The annual EBT showed an improvement, with losses narrowing to €12.0 million from €20.2 million the previous year.
The company also reported a positive turn in new orders for the year, which rose 15% YoY to €192.4 million, and a book-to-bill ratio of 1.05x. Additionally, the FCF for the year was €1.4 million, recovering from a loss of €9.2 million in the previous year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.