Locaweb Serviços de Internet (BVMF:LWSA3) Full Year 2023 Results

Key Financial Results

• Revenue: R$1.29b (up 14% from FY 2022).
• Net loss: R$73.7m (down by 361% from R$28.3m profit in FY 2022).
• R$0.13 loss per share (down from R$0.048 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Locaweb Serviços de Internet EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Global IT industry.

Performance of the market in Brazil.

The company’s shares are up 6.9% from a week ago.

Risk Analysis

It’s still necessary to consider the ever-present spectre of investment risk. We’ve identified 1 warning sign with Locaweb Serviços de Internet, and understanding this should be part of your investment process.

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