Mesa Labs Q4 2022 Earnings Report
Key Takeaways
Mesa Labs reported a 55% increase in revenues for Q4 2022, reaching $58.879 million, but experienced a 103% decrease in operating income, resulting in a loss of $(110) thousand. Net loss was $(1,784) thousand, or $(0.34) per diluted share. Adjusted operating income increased by 11% to $11.653 million, or $2.22 per diluted share. Organic revenue growth was 12% for the quarter.
Revenues increased by 55% in Q4 2022, with organic revenue growth of 12%.
Operating income decreased by 103% to $(110) thousand due to unusual items.
Net loss was $(1,784) thousand, or $(0.34) per diluted share.
Adjusted operating income increased by 11% to $11.653 million, or $2.22 per diluted share.
Mesa Labs
Mesa Labs
Mesa Labs Revenue by Segment
Forward Guidance
Mesa Labs anticipates a volatile FY23 with lower levels of organic growth due to factors like the war in Europe, pandemic resurgence in Asia, inflation, and rising interest rates.
Positive Outlook
- Company is positioned well for long term growth.
- Company has robust execution.
- Company has improved end market exposure.
- Company has leverage from The Mesa Way operating model.
- Company has solid profitability.
Challenges Ahead
- War in Europe
- Pandemic resurgence in Asia
- Inflation
- Rising interest rates
- Recession risk
Revenue & Expenses
Visualization of income flow from segment revenue to net income