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Ibex (IBEX) Q4 FY2023 earnings: revenue $124 million

Ibex Ltd. (IBEX) reported revenue of $124 million for Q4 FY2023, the quarter ended 30 June 2023. Net income was $5 million, and diluted earnings per share $0.24. The figures are the company's own, from the 10-K it filed with the SEC on 13 September 2023.

Revenue$124 million
Net income$5 million
Diluted EPS$0.24
QuarterQ4 FY2023ended 30 June 2023

The quarter, against the one before and a year earlier

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Revenue124132n/an/a
Cost of revenue87.491.7n/an/a
Gross profit37.139.9n/an/a
Gross margin29.8%30.3%n/a
Selling, general and administrative23.722.1n/an/a
Operating income8.313.1n/an/a
Operating margin6.7%9.9%n/a
Interest expensen/a0.1n/an/a
Pre-tax income8.313.2n/an/a
Income tax3.81.9n/an/a
Effective tax rate45.8%14.2%n/a
Net income4.511.3n/an/a
Net margin3.6%8.6%n/a
Diluted EPS$0.24$0.60n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Operating cash flow17.413.6n/an/a
Capital expenditure3.73.7n/an/a
Free cash flow13.79.8n/an/a
Free cash flow margin11.0%7.5%n/a
Cash from investing-3.7-3.8n/an/a
Cash from financing0.1-3.9n/an/a
Depreciation and amortisation5.14.7n/an/a
Share-based compensation0.61.3n/an/a
Buybacks0.00.0n/an/a
Dividends paid0.00.0n/an/a
Diluted shares, weightedn/a19mn/an/a
Shares outstanding at period end18m18mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Shareholders' equity150144n/an/a
Debt0.6n/an/an/a
Operating lease liabilities64.9n/an/an/a
Finance lease liabilities0.6n/an/an/a
Other liabilities77.3n/an/an/a
Total liabilities and equity293n/an/an/a
Goodwill11.8n/an/an/a
Cash and equivalents57.443.7n/an/a
Receivables86.4n/an/an/a
Other assets138n/an/an/a
Total assets293n/an/an/a

Questions

What was Ibex's revenue in Q4 FY2023?

Ibex (IBEX) reported revenue of $124 million for Q4 FY2023, the quarter ended 30 June 2023.

How much did Ibex earn in Q4 FY2023?

Net income for Q4 FY2023 was $5 million, and diluted earnings per share $0.24.

When did Ibex report Q4 FY2023 results?

Ibex filed its 10-K for the quarter ended 30 June 2023 with the SEC on 13 September 2023.

Quarterly results, the last 16 quarters

Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *
Revenue128139132124125133127125130141141147151164164164
Cost of revenue96.299.891.787.488.295.987.185.490.098.896.0101107117116117
Gross profit31.739.539.937.136.436.839.739.239.741.944.746.344.647.648.846.9
Gross margin25%28%30%30%29%28%31%31%31%30%32%31%30%29%30%29%
SG&A19.323.522.123.723.024.923.621.726.225.727.129.826.527.627.531.5
Operating income7.711.513.18.38.36.911.312.99.111.913.312.313.715.316.29.8
Operating margin6%8%10%7%7%5%9%10%7%8%9%8%9%9%10%6%
Interest expense0.10.30.1n/a0.10.10.10.20.20.60.40.40.20.20.20.2
Pre-tax income7.611.313.28.38.87.311.613.29.511.613.011.813.515.116.09.7
Tax rate14%18%14%46%16%17%11%26%21%20%19%19%11%19%17%10%
Net income6.59.311.34.57.46.110.39.87.59.310.59.612.012.213.38.7
Net margin5%7%9%4%6%5%8%8%6%7%7%7%8%7%8%5%
Diluted EPS$0.35$0.49$0.60$0.24$0.39$0.33$0.57$0.56$0.43$0.57$0.73$0.66$0.82$0.83$0.89$0.59
Operating cash flow5.65.313.617.48.7-1.611.417.47.81.18.827.915.76.611.924.8
Capital expenditure3.67.93.73.72.12.91.72.23.64.35.35.27.611.75.33.2
Free cash flow2.0-2.79.813.76.6-4.59.715.24.1-3.23.622.88.0-5.16.621.7
Buybacks0.30.00.00.01.88.48.33.04.846.625.11.62.82.84.64.2
Dividends paid0.00.00.00.0n/an/an/an/an/an/an/an/an/an/an/an/a
Shares outstanding18m18m18m18m18m18m17m17m17m13m13m13m13m13m13m13m
Filing10-K10-K10-K10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 30 June 2023, filed 13 September 2023: the filing.