Edarat Communication and
9557.SR
SAR226.90 0.84%
Exchange: SAU | Sector: Technology | Industry: Information Technology Services
Q2 2024
Published: Jun 30, 2024

Earnings Highlights

  • Revenue of $28.01M up 39.3% year-over-year
  • EPS of $3.83 decreased by 41.6% from previous year
  • Gross margin of 52.5%
  • Net income of 9.66M
  • "N/A" - N/A
9557.SR
Company 9557.SR

Executive Summary

Edarat delivered a robust QQ2 2024 performance with material topline growth and sustained profitability. Revenue reached SAR 28.01 million, up 39.3% year over year and 22.8% quarter over quarter, while gross profit rose to SAR 14.70 million, yielding a gross margin of approximately 52.5%. Operating income stood at SAR 10.58 million and net income at SAR 9.66 million, translating to an net margin near 34.5% and an EPS of SAR 3.83. The improvement in profitability was driven by a favorable services mix and disciplined operating expense management, with operating expenses of SAR 4.12 million (SG&A-inclusive), and a small amount of other expenses reducing EBITDA to SAR 11.21 million. The company’s EBITDA margin was about 40.0%, and the operating margin was 37.8%, underscoring a high-margin services approach within Edarat’s IT offerings.

Key Performance Indicators

Revenue
Increasing
28.01M
QoQ: 22.81% | YoY: 39.30%
Gross Profit
Increasing
14.70M
52.48% margin
QoQ: 42.60% | YoY: 55.22%
Operating Income
Increasing
10.58M
QoQ: 65.77% | YoY: 82.24%
Net Income
Increasing
9.66M
QoQ: 66.79% | YoY: 79.77%
EPS
Decreasing
3.83
QoQ: 66.52% | YoY: -41.62%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 46.78 2.77 +67.0% View
Q1 2025 37.58 1.51 -6.9% View
Q4 2024 58.95 5.19 +192.1% View
Q2 2024 28.01 3.83 +39.3% View