N-able, Inc. [NABL] reports annual net loss of $23.4 million
Company Reports Revenue of $421.9 million
N-able, Inc.[NABL] has reported a net loss of $23.4 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $421.9 million
Based in WILMINGTON, Delaware, N-able, Inc. operates in the SERVICES sector.
In the consolidated Statements of Operations for the 12 months ended December 31, 2023, compared to the same period in 2022 and 2021, the following financial figures were reported:
- Revenue for the current period was $421.88 million, showing an increase from $371.77 million in 2022 and $346.46 million in 2021.
- The cost of revenue for the current period stood at $68.21 million, higher than the $58.61 million in 2022 and $52.43 million in 2021.
- Gross profit was $353.67 million for the current period, up from $313.16 million in 2022 and $294.02 million in 2021.
- Operating income for the current period reached $70.32 million, a significant rise from $47.40 million in 2022 and $33.33 million in 2021.
- Net income for the current period was reported at $23.41 million, an increase from $16.71 million in 2022. However, there was a net loss of $0.11 million in 2021.
- Basic and diluted earnings per share for the current period were both $0.13, higher than the $0.09 reported in 2022 and showing improvement from the $0.00 in 2021.
These figures indicate positive growth and financial performance for the company in the most recent reporting period, showcasing an upward trajectory in revenue, profit margins, and earnings per share.
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