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View All NewsGeechs reports 50% revenue growth in nine-month period
13 February 2024
Geechs Inc. (7060:TYO), a Tokyo-based firm that provides IT staffing, reported revenue on Friday of JPY 17.87 billion (USD 118.9 million) for the nine months ended 31 December 2023. Revenue increased by 50.7% over the previous year.
| (JPY millions) | 9 months 2023 | 9 months 2022 | Change | 9 months 2023 (USD millions) |
| Revenue | 17,787 | 11,802 | 50.7% | 118.9 |
| Gross Profit | 3,119 | 2,150 | 45.0% | 20.8 |
| Gross Margin | 17.5% | 18.2% | - | - |
| Operating Profit | 57 | 386 | -85.1% | 0.3 |
| Net Income | -103 | 159 | - | -0.7 |
Geechs is mainly engaged in information technology (IT) staffing business and games business.
Looking ahead, the company forecasted revenue of JPY 24.40 billion (USD 163.2 million) for the year ended 31 March 2024.
Geechs shares closed on Friday at JPY 486.00 (USD 3.25), down 1.61% on the day. The company has a market cap of JPY 4.90 billion (USD 32.7 million).