Ionic Rare Earths Full Year 2024 Earnings: AU$0.005 loss per share (vs AU$0.002 loss in FY 2023)

Ionic Rare Earths (ASX:IXR) Full Year 2024 Results

Key Financial Results

• Net loss: AU$21.2m (loss widened by 148% from FY 2023).
• AU$0.005 loss per share (further deteriorated from AU$0.002 loss in FY 2023).

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

Ionic Rare Earths Earnings Insights

Looking ahead, revenue is forecast to grow 78% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are up 25% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 6 warning signs for Ionic Rare Earths (of which 2 are concerning!) you should know about.

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