NASDAQ$IBEX

IBEX Limited · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

IBEX achieved record financial results, driven by new client wins and margin expansion.

IBEX Limited reported a 0.7% increase in revenue for the fourth quarter of 2023, reaching $124.4 million. Net income decreased to $4.5 million, with diluted earnings per share at $0.24. Adjusted EBITDA increased by 21.0% to $15.4 million, with adjusted EBITDA margins at 12.4%.

  • Revenue increased 0.7% to $124.4 million compared to the prior year quarter.
  • GAAP net income and diluted earnings per share declined to $4.5 million and $0.24, respectively.
  • Non-GAAP adjusted EBITDA increased 21.0% to $15.4 million.
  • Adjusted EBITDA margins increased to 12.4%.

Headline financials

Total Revenue

$124M

Previous: $124M+0.6%
EPS (adj)

$0.33

Previous: $0.42-21.4%
Adjusted EBITDA Margin

12.4%

Previous: 10.3%+20.4%
Capital Expenditures

$3.72M

Previous: $25.9M-85.6%
Free Cash Flow

$22.9M

Previous: $14.1M+62.6%
Net Income

$4.5M

Previous: $4.31M+4.5%
Operating Income

$8.31M

Previous: $7.27M+14.3%
Gross Profit

$37.1M

Previous: $31.7M+16.9%
Cash & Equivalents

$57.4M

Previous: $48.8M+17.6%
Total Assets

$293M

Previous: $294M-0.3%
Stock-Based Comp

$633K

Previous: $1.85M-65.8%

Revenue & EPS history

IBEX · Revenue · Quarterly

$124M

Q4 2023+0.6%vs Q4 2022
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Forward guidance

For the first quarter fiscal 2024 revenue is expected to be in the range of $122 to $125 million, reflective of the macroeconomic impacts. Adjusted EBITDA margin should increase to approximately 11% versus 10% in the prior year quarter on a US GAAP basis.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

+4.9%

Avg return

Earnings day

+6.5%

Avg return

5 days after

+6.3%

Avg return

30 days after

61%

14 / 23 earnings

Positive

+36.1%

Q4 2020

Best reaction

-27.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.9%+10.2%+6.3%
Q2 2026+2.3%-11.8%-10.8%
Q1 2026-0.6%-0.2%-0.2%
Q3 2025+19.2%+9.2%+16.6%
Q2 2025+10.9%+19.9%+14.3%
Q1 2025-0.8%-1.1%+0.5%
Q4 2024+18.8%+16.1%+17.4%
Q3 2024+2.2%+5.1%+9.5%
Q2 2024-8.7%-13.7%-11.0%
Q1 2024+2.2%+6.4%+5.9%
Q4 2023-27.0%-16.9%-13.6%
Q3 2023+4.8%+15.0%+14.4%
Q2 2023+12.4%+12.4%-0.0%
Q1 2023+12.3%+14.1%+19.2%
Q4 2022+8.8%+11.5%+26.2%
Q3 2022-3.1%+2.6%+3.5%
Q2 2022+25.5%+23.2%+24.2%
Q1 2022-12.5%-12.5%-26.0%
Q4 2021-2.1%-3.9%-8.4%
Q3 2021-5.6%-4.7%-22.0%
Q2 2021+8.6%+6.6%-2.0%
Q1 2021+9.1%+18.9%+23.7%
Q4 2020+36.1%+43.1%+57.4%
Q1 2020
Q2 2020
Q4 2019
Q2 2018
Q1 2018
Q2 2016
Q1 2016

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