CRA INTERNATIONAL Reports 8.6% Increase in Revenue for Q2 FY2023 with USD 162.0 Million Earnings
August 5, 2023
☀️Earnings Overview
On June 30, 2023, CRA INTERNATIONAL ($NASDAQ:CRAI) reported total revenue of USD 162.0 million in its financial report for the second quarter of FY2023, representing an 8.6% increase from the same period in the previous year. However, net income declined by 18.3% year over year to USD 9.5 million.
Analysis
GoodWhale has conducted an analysis of CRA INTERNATIONAL‘s financials and determined that it is a medium risk investment in terms of financial and business aspects. The firm has detected 1 risk warning in non-financial areas, which can be seen by registering on goodwhale.com. This risk warning indicates that CRA INTERNATIONAL may have issues with the way it is running its business, such as with corporate governance or strategic decisions. GoodWhale recommends that potential investors thoroughly review the organization’s financials and other relevant information, such as its operating history, before making an investment decision. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cra International. More…
| Total Revenues | Net Income | Net Margin |
| 608.23 | 38.84 | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cra International. More…
| Operations | Investing | Financing |
| 38.95 | -7.76 | -31.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cra International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 551.06 | 348.27 | 28.86 |
Key Ratios Snapshot
Some of the financial key ratios for Cra International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.9% | 23.6% | 9.3% |
| FCF Margin | ROE | ROA |
| 5.9% | 17.7% | 6.4% |
Peers
Its competitors are RTC Group PLC, Ince Group PLC, and Staffing 360 Solutions Inc.
– RTC Group PLC ($LSE:RTC)
RTC Group PLC is a publicly traded company that provides telecommunications and other services. As of 2022, the company had a market capitalization of 2.64 million pounds and a return on equity of -2.66%. The company offers a variety of services, including mobile phone service, fixed-line telephone service, broadband internet service, and television service. RTC Group PLC is headquartered in the United Kingdom.
– Ince Group PLC ($LSE:INCE)
Ince Group PLC is a provider of legal services. The company has a market capitalization of 14.4 million as of 2022 and a return on equity of 6.16%. Ince Group PLC provides services in the areas of corporate, commercial, dispute resolution, and shipping. The company was founded in 1782 and is headquartered in London, the United Kingdom.
– Staffing 360 Solutions Inc ($NASDAQ:STAF)
Staffing 360 Solutions Inc is a publicly traded company with a market cap of 6.18M as of 2022. The company is in the business of providing staffing and recruiting services. The company has a Return on Equity of 2.48%.
Summary
CRA International reported a total revenue of USD 162.0 million for the second quarter of FY2023, a 8.6% increase from the same period last year.
However, net income decreased 18.3% to USD 9.5 million compared to the same period last year. Despite this decline in net income, investors were optimistic, as the stock price moved up the same day. Although there are some concerns regarding CRA International’s financial performance, the company is showing signs of potential growth in the long-term and may be worth investing in. Investors should further analyze the company before making an investment decision.
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