Energy One (ASX: EOL) H1 FY 2023 Results: Record Revenue But Lower Profit
Energy One 2023 half year results showed record revenue, but lower profit, due partly to increased investment in growth.
Energy One (ASX: EOL) is a software and services provider serving wholesale energy market participants in Australia, UK and Europe. Energy One software allows users to dispatch and trade electricity and gas, while the Energy One services division provides energy trading and risk management services to energy market participants. While the vast majority of Energy One revenue is recurring, or quasi-recurring in nature, the margins differ between different product lines. Software revenues enjoy the highest margins, followed by service revenues, then lastly one-off implementation projects.
Energy One 2023 half year results showed record revenue, but lower profit, due partly to increased investment in growth.
When fear reigns it is hard to force yourself to buy growth stocks, but these are the half dozen I have most faith in (at the right price).
The company initially planned to raise just $7.5m at $4.50 per share, but has increased the total due to high demand from institutions.
The FY 2022 Energy One Results show a year of potentially transformational investment as it focuses on growing its 24/7 energy dispatching services business.
Plus, closer a look at how many shares each Energy One director owns, and the tenure of CEO Shaun Ankers.
These four companies are businesses I want to own for the long term (and I’d like to own more of, at the right price).
Energy One (ASX: EOL) reported a weak profit result but still grew recurring revenue by 16%, in what was a tough half.
Energy One’s acquisition of CQ Energy should create growth opportunities in renewable energy, but it also brings notable risks.
The market responded to Energy One’s acquisition of a competitor by bidding up the Energy One share price.
Some stocks have high multiples and higher growth rates, others have lower multiples and lower growth rates. Here’s how I decided which one to choose.
FY 2021 was a Synchronous Bloom for Energy One (ASX:EOL) but growth will be harder to find in FY 2022.
Energy One (ASX: EOL) is a high risk micro-cap stock but makes a profit and is in an interesting position for global growth.
Energy One (ASX: EOL) shares have enjoyed a strong run and today the company says it is tracking ahead of guidance.
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Energy One Limited (ASX: EOL) will reward small shareholders by issuing them shares at a price of $2.20 each, delivering them a hypothetical instant profit.
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