RADIUS GLOBAL INFRASTRUCTURE Reports Earnings Results for Q2 FY2023
August 24, 2023
🌥️Earnings Overview
RADIUS GLOBAL INFRASTRUCTURE ($NASDAQ:RADI) revealed their financial performance for Q2 FY2023, ending June 30, 2023 with USD 42.5M in total revenue, which is a 30.4% increase from the same period of the prior year. Despite this, the company reported a net loss of USD 41.9M compared to the net income of USD 22.2M that was achieved in the same quarter of FY2022.
Stock Price
On Wednesday, RADIUS GLOBAL INFRASTRUCTURE reported its financial results for the second quarter of the 2023 fiscal year, and the company’s stock opened and closed at $14.9, representing a slight 0.3% increase from the prior closing price of $14.9. RADIUS GLOBAL INFRASTRUCTURE’s strong second quarter performance has bolstered investor confidence, with the stock up 0.3% from its prior closing price. The company is well-positioned to continue its positive trajectory in the coming quarters, as their core services remain in high demand across a variety of industries. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RADI. More…
| Total Revenues | Net Income | Net Margin |
| 155.98 | -165.86 | -75.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RADI. More…
| Operations | Investing | Financing |
| 9.23 | -420.64 | 132.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RADI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.62k | 1.99k | 6.13 |
Key Ratios Snapshot
Some of the financial key ratios for RADI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 34.5% | – | -67.3% |
| FCF Margin | ROE | ROA |
| 90.0% | -10.5% | -2.5% |
Analysis
At GoodWhale, we’re dedicated to helping you make informed financial decisions. That’s why we’re thrilled to offer an analysis of the financials of RADIUS GLOBAL INFRASTRUCTURE. Our comprehensive risk rating system shows that this is a high risk investment in terms of both financial and business aspects. To give you more insight into the situation, GoodWhale has detected four risk warnings in the income sheet, balance sheet, cashflow statement, and financial journal. If you become a registered user, you’ll be able to view the details of these risk warnings and make an informed decision about your investment. We understand that making investments can be intimidating, so we want to make sure you have all the information you need to make the best decision for your financial future. That’s why we go beyond just the risk rating and take into account all aspects of financials. With GoodWhale’s comprehensive analysis, you can trust that you’re making the right decision when it comes to RADIUS GLOBAL INFRASTRUCTURE. More…
Peers
The company has a strong presence in the United States, Europe, and Asia Pacific. The company offers a comprehensive portfolio of services including voice, data, and wireless services. The company has a strong customer base and a large network of resellers and distributors. The company is a publicly traded company on the NASDAQ Stock Market. The company’s main competitors are Verizon Communications Inc, PT Tower Bersama Infrastructure Tbk, Inventergy Global Inc.
– Verizon Communications Inc ($NYSE:VZ)
Verizon Communications Inc is an American broadband and telecommunications company. It is the largest U.S. wireless provider with 151 million customers as of 2019. Verizon also offers fiber optic television and internet services through its FiOS brand. The company has a market cap of 153.58B as of 2022 and a Return on Equity of 22.51%.
– PT Tower Bersama Infrastructure Tbk ($IDX:TBIG)
Tower Bersama Infrastructure Tbk is an Indonesian company that focuses on the provision of infrastructure for telecommunications networks. It has a market capitalization of 58.91 trillion as of 2022 and a return on equity of 27.16%. The company has been operational since 2004 and is headquartered in Jakarta, Indonesia.
Summary
RADIUS GLOBAL INFRASTRUCTURE has reported strong financial performance in the second quarter of FY2023. Total revenue for the period rose 30.4% year-on-year to USD 42.5 million. Despite this, the company reported a net loss of USD 41.9 million, compared to the net income of USD 22.2 million recorded in the same quarter of the previous year. Investors should consider the company’s strong revenue growth, coupled with its focus on cost control and efficiencies, as potential opportunities to maximize returns.
Additionally, RADIUS’s long-term outlook and competitive position should be considered when making investment decisions.
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