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

Simply Wall St

March 16, 2023

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).

earnings-and-revenue-history — ASX:EQR Earnings and Revenue History March 16th 2023

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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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.