Yahoo Finance Invinity Energy Systems Full Year 2023 Earnings: Misses Expectations
Invinity Energy Systems (LON:IES) Full Year 2023 Results
Key Financial Results
Revenue: UK£22.0m (up by UK£19.1m from FY 2022).
Net loss: UK£23.2m (loss widened by 25% from FY 2022).
UK£0.13 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Invinity Energy Systems Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 9.5%.
Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electrical industry in the United Kingdom.
Performance of the British Electrical industry.
The company's shares are down 1.3% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Invinity Energy Systems (at least 1 which is concerning), and understanding these should be part of your investment process.
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