Yahoo Finance Riot Platforms Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Riot Platforms (NASDAQ:RIOT) Full Year 2023 Results
Key Financial Results
Revenue: US$280.7m (up 8.3% from FY 2022).
Net loss: US$49.5m (loss narrowed by 90% from FY 2022).
US$0.28 loss per share (improved from US$3.65 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Riot Platforms EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 71%.
Looking ahead, revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 9.7% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Riot Platforms has 3 warning signs (and 1 which is significant) we think you should know about.
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