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Jun 30, 2023

Ubiquiti Q4 2023 Earnings Report

Announced financial results for the fourth quarter and full year fiscal 2023, with revenues of $491.1 million and GAAP diluted EPS of $1.72.

Key Takeaways

Ubiquiti Inc. reported Q4 fiscal 2023 financial results with revenues of $491.1 million and GAAP diluted EPS of $1.72. The revenue increased by 10.8% compared to the same period last year, driven by growth in the Enterprise Technology platform.

Revenues for Q4 fiscal 2023 were $491.1 million, up 10.8% year-over-year.

GAAP diluted EPS for Q4 fiscal 2023 was $1.72.

Non-GAAP diluted EPS for Q4 fiscal 2023 was $1.73.

The company intends to pay regular quarterly cash dividends of at least $0.60 per share during each quarter of fiscal year 2024.

Total Revenue
$491M
Previous year: $443M
+10.8%
EPS
$1.73
Previous year: $1.54
+12.3%
Gross Profit (%)
41.4%
Previous year: 38.3%
+8.1%
Research and Development
$40.5M
Previous year: $37.4M
+8.3%
SG&A Expense
$18.9M
Previous year: $19.6M
-3.6%
Gross Profit
$203M
Previous year: $170M
+19.9%
Cash and Equivalents
$115M
Previous year: $136M
-15.7%
Free Cash Flow
$9.16M
Previous year: $67.6M
-86.4%
Total Assets
$1.41B
Previous year: $845M
+66.5%

Ubiquiti

Ubiquiti

Ubiquiti Revenue by Segment

Ubiquiti Revenue by Geographic Location

Forward Guidance

The Company intends to pay regular quarterly cash dividends of at least $0.60 per share during each quarter of fiscal year 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income