EQ Resources First Half 2023 Earnings: AU$0.003 loss per share (vs AU$0.002 loss in 1H 2022)

EQ Resources (ASX:EQR) First Half 2023 Results

Key Financial Results

• Revenue: AU$4.92m (up 120% from 1H 2022).
• Net loss: AU$3.62m (loss widened by 57% from 1H 2022).
• AU$0.003 loss per share (further deteriorated from AU$0.002 loss in 1H 2022).

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

EQ Resources Earnings Insights

Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.

Performance of the Australian Metals and Mining industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 5 warning signs for EQ Resources (2 shouldn't be ignored!) that we have uncovered.

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