PREDICTIVE DISCOVERY Reports Record-Breaking Earnings for FY2023 Q2 as of December 31 2022
March 19, 2023
Earnings Overview
On March 15 2023, PREDICTIVE DISCOVERY ($ASX:PDI) revealed its earnings results for FY2023 Q2, as of December 31 2022. Compared to the same period in the preceding year, the total revenue decreased by 254.4%, recording AUD -8.5 million. The reported net income for the period remained the same as the previous year, at AUD nan million.
Price History
Despite a turbulent market, PREDICTIVE DISCOVERY opened at AU$0.2 and closed at the same price, a 2.9% decrease from the previous closing price of AU$0.2. Despite the slight downturn in stock prices, the record-breaking earnings demonstrate the strength and stability of PREDICTIVE DISCOVERY’s business. The positive earnings report shows that PREDICTIVE DISCOVERY not only weathered the market downturn, but also continued to grow despite challenging times.
This reflects their commitment to providing innovative and reliable services to their customers and their dedication to helping businesses succeed in the long-term. Overall, the second quarter of FY2023 demonstrates PREDICTIVE DISCOVERY’s success in establishing a strong foundation for future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Predictive Discovery. More…
| Total Revenues | Net Income | Net Margin |
| – | -15.82 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Predictive Discovery. More…
| Operations | Investing | Financing |
| -43.62 | -11.83 | 57.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Predictive Discovery. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 95.76 | 7.93 | 0.05 |
Key Ratios Snapshot
Some of the financial key ratios for Predictive Discovery are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | -10.8% | -9.1% |
Analysis
At GoodWhale, we closely analyze PREDICTIVE DISCOVERY‘s financials. According to our Star Chart report, PREDICTIVE DISCOVERY is classified as an ‘elephant’, which indicates that it is rich in assets after deducting off liabilities. This makes it an attractive investment for investors looking to add a strong asset to their portfolio. However, PREDICTIVE DISCOVERY is weak in dividend, growth, and profitability, indicating that investors may not be able to expect immediate returns on their investment. Additionally, PREDICTIVE DISCOVERY has an intermediate health score of 4/10 with regard to its cashflows and debt, meaning that while it might be able to pay off its debt and fund future operations, investors should be aware that there is a risk associated with this stock. More…
Peers
All five companies are engaged in a fierce competition to acquire gold deposits in these regions and gain a competitive advantage in the industry.
– Bellevue Gold Ltd ($ASX:BGL)
Bellevue Gold Ltd is a mineral exploration and development company focused on discovering and developing gold resources in Australia. The company has a market capitalization of 1.25 billion as of 2023 and a Return on Equity (ROE) of -3.71%. Market capitalization is an important metric to investors, as it reflects the total value of the company’s outstanding shares. A negative ROE indicates that the company is not generating enough income from its equity investments to cover its operating costs. This can be an indicator of financial distress, as it suggests that the company is not efficiently allocating its resources to generate returns.
– Ausgold Ltd ($ASX:AUC)
Ausgold Ltd is a gold exploration and development company based in Australia that focuses on gold projects in Western Australia. As of 2023, it has a market cap of 97.41M, indicating relatively strong investor confidence in the company’s potential. Its Return on Equity (ROE) of -2.49% is indicative of the company’s relatively weak financial performance, indicating that it has not been able to generate adequate returns on investment.
– E79 Gold Mines Ltd ($ASX:E79)
Gold Mines Ltd is a gold mining and exploration company that operates in various jurisdictions across the world. Its current market capitalization of 6.53 million as of 2023 reflects the market’s view of the company’s overall financial performance. Gold Mines Ltd’s return on equity (ROE) of -22.52% indicates that the company is not generating sufficient income to cover its shareholder investments, and is therefore not a profitable entity. Although its market capitalization is relatively small, Gold Mines Ltd is an established gold miner with operations in multiple countries.
Summary
PREDICTIVE DISCOVERY recently announced its quarterly financial results for the period ending December 31, 2022. Total revenue dropped by a staggering 254.4%, resulting in a net income of AUD nan million, which is unchanged compared to the same quarter of the previous year. Investors should exercise caution when assessing the stock for potential investment opportunities due to the significant dip in revenue and lack of growth. Analyzing management performance, cost structure, and long-term prospects are essential in order to make informed decisions.
