Hexicon Full Year 2023 Earnings: Misses Expectations

Hexicon (STO:HEXI) Full Year 2023 Results

Key Financial Results

• Net loss: kr187.3m (loss widened by 12% from FY 2022).
• kr0.52 loss per share (further deteriorated from kr0.46 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hexicon Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 85%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 94% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electrical industry in Sweden.

Performance of the Swedish Electrical industry.

The company's shares are down 3.6% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Hexicon (1 is potentially serious!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.