XRF Scientific Full Year 2024 Earnings: Beats Expectations

XRF Scientific (ASX:XRF) Full Year 2024 Results

Key Financial Results

• Revenue: AU$60.1m (up 8.8% from FY 2023).
• Net income: AU$8.89m (up 16% from FY 2023).
• Profit margin: 15% (in line with FY 2023).
• EPS: AU$0.064 (up from AU$0.056 in FY 2023).

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

XRF Scientific Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.2%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Machinery industry in Australia are expected to remain flat.

Performance of the Australian Machinery industry.

The company's shares are up 8.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on XRF Scientific's balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.