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Sep 30, 2023
Mirion Q3 2023 Earnings Report
Mirion's financial performance improved with increased revenue and reduced net loss.
Key Takeaways
Mirion announced strong Q3 2023 results with an 18.8% increase in revenue to $191.2 million and a significant reduction in net loss to $12.1 million. Adjusted EBITDA rose by 26.0% to $38.8 million, and adjusted EPS increased to $0.05. The company reiterated its full-year guidance and completed the acquisition of ec2 Software Solutions LLC and NUMA LLC.
Revenue increased by 18.8% to $191.2 million compared to the same period last year.
Net loss decreased to $12.1 million from $47.1 million in the same period last year.
Adjusted EBITDA increased by 26.0% to $38.8 million from $30.8 million year-over-year.
Adjusted earnings per share increased to $0.05 from $0.03 in the same period last year.
Mirion
Mirion
Mirion Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
Mirion reiterated its financial guidance for the full year 2023, focusing on commercial execution and operational excellence.
Positive Outlook
- Revenue growth of 8% - 10%
- Organic revenue growth of 6% - 8%
- Adjusted EBITDA of $175 million - $185 million
- Adjusted EPS of $0.28 - $0.34
- Adjusted free cash flow of $45 million - $75 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income