MGIC Q4 2023 Earnings — Magic Software Enterprises Ltd. Revenue & Financial Results | Market Cap Arena

MGICMagic Software Enterprises Ltd.

$853M

Q4 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$126M-14.7% YoY

Gross Profit

$37M29.4% margin

Operating Income

$13M10.2% margin

Net Income

$8M6.8% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

-3.0%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

$3M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$522M

Total Liabilities

$231M

Stockholders' Equity

$266M

Cash & Equivalents

$106M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$126M	$147M	-14.7%
Gross Profit	$37M	$42M	-11.6%
Operating Income	$13M	$15M	-14.3%
Net Income	$8M	$10M	-14.1%