Earnings Analysis for FYBR: Last 3 Years

Revenue Analysis:

Total Revenue has shown a progressive increase over the past few years, moving from approximately $1.418 billion in 2023-03-31 to $1.446 billion by 2024-03-31. Likewise, Operating Revenue followed a similar trajectory. Gross Profit Margin has maintained relative stability with a minor fluctuation, seen in the increase of Gross Profit from $876 million in 2023-03-31 to $924 million in 2024-03-31.

Cost Management:

The Cost of Revenue increased modestly from $542 million in 2023-03-31 to $522 million by 2024-03-31. Operating Expenses showed a consistent upward trend, culminating in $800 million by 2024-03-31 compared to $725 million in 2023-03-31. Total Expenses followed the same rising trend, impacting the company’s net financial position.

Profitability Analysis:

EBITDA decreased slightly from $475 million in 2023-03-31 to $590 million by 2024-03-31, while Operating Income showed a general increase over the period, reaching $124 million in 2024-03-31. Pretax Income saw significant growth from $4 million in 2023-03-31 to $3 million by 2024-03-31, aligning with an increase in Net Income from $3 million in 2023-03-31 to $1 million by 2024-03-31.

Cash Flow Indicators:

Reconciled Depreciation increased from $330 million in 2023-03-31 to $388 million by 2024-03-31, indicating a higher depreciation expense over time which can affect cash flow negatively. Interest Expense decreased slightly from $141 million in 2023-03-31 to $199 million by 2024-03-31.

Taxation:

The Tax Rate saw fluctuations, notably increasing from 0.25 in 2023-03-31 to 0.4 by 2024-03-31. Tax Provision also varied, peaking at $87 million in 2023-12-31. The Tax Effect of Unusual Items has been substantial, reaching a $13.6 million reduction in the taxable income due to unusual items by 2024-03-31.

Shareholder Metrics:

Diluted EPS and Basic EPS demonstrated slight growth over the period, concluding at $0.004048 and $0.00406 respectively by 2024-03-31. Average Diluted and Basic Shares remained fairly consistent, emphasizing a stable shareholding pattern. Net Income Available to Common Stockholders mirrored Net Income, maintaining at $1 million by the end of 2024-03-31.

Conclusion:

FYBR has demonstrated a stable increase in revenue over the analyzed period alongside a significant management of costs and expenses. However, the Net Income shows volatility and needs monitoring. Considering these metrics, recommendations would include a focus on increasing operational efficiency, reducing finance costs, and perhaps a more conservative approach to unusual items and their tax effects.