Magnis Energy Technologies Past Earnings Performance
Past criteria checks 0/6
Magnis Energy Technologies's earnings have been declining at an average annual rate of -55.5%, while the Metals and Mining industry saw earnings growing at 22.6% annually. Revenues have been declining at an average rate of 39.7% per year.
Key information
-55.5%
Earnings growth rate
-44.8%
EPS growth rate
| Metals and Mining Industry Growth | 22.3% |
| Revenue growth rate | -39.7% |
| Return on equity | n/a |
| Net Margin | -194,579.3% |
| Last Earnings Update | 30 Jun 2023 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Magnis Energy Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 23 | 0 | -57 | 28 | 0 |
| 31 Mar 23 | 0 | -54 | 27 | 0 |
| 31 Dec 22 | 0 | -51 | 26 | 0 |
| 30 Sep 22 | 0 | -46 | 26 | 0 |
| 30 Jun 22 | 0 | -41 | 25 | 0 |
| 31 Mar 22 | 0 | -30 | 21 | 0 |
| 31 Dec 21 | 0 | -19 | 17 | 0 |
| 30 Sep 21 | 0 | -14 | 12 | 0 |
| 30 Jun 21 | 0 | -9 | 8 | 0 |
| 31 Mar 21 | 0 | -7 | 8 | 0 |
| 31 Dec 20 | 0 | -4 | 8 | 0 |
| 30 Sep 20 | 0 | -6 | 8 | 0 |
| 30 Jun 20 | 0 | -7 | 8 | 0 |
| 31 Mar 20 | 0 | -8 | 7 | 0 |
| 31 Dec 19 | 0 | -8 | 6 | 0 |
| 30 Sep 19 | 0 | -7 | 6 | 0 |
| 30 Jun 19 | 0 | -6 | 5 | 0 |
| 31 Mar 19 | 0 | -5 | 5 | 0 |
| 31 Dec 18 | 0 | -5 | 5 | 0 |
| 30 Sep 18 | 0 | -5 | 5 | 0 |
| 30 Jun 18 | 0 | -5 | 6 | 0 |
| 31 Mar 18 | 0 | -6 | 7 | 0 |
| 31 Dec 17 | 0 | -7 | 8 | 0 |
| 30 Sep 17 | 0 | -8 | 9 | 0 |
| 30 Jun 17 | 0 | -10 | 10 | 0 |
| 31 Mar 17 | 0 | -10 | 11 | 0 |
| 31 Dec 16 | 0 | -11 | 12 | 0 |
| 30 Sep 16 | 0 | -12 | 13 | 0 |
| 30 Jun 16 | 0 | -12 | 14 | 0 |
| 31 Mar 16 | 0 | -13 | 13 | 0 |
| 31 Dec 15 | 0 | -13 | 12 | 0 |
| 30 Sep 15 | 0 | -13 | 12 | 0 |
| 30 Jun 15 | 0 | -13 | 13 | 0 |
| 31 Mar 15 | 0 | -12 | 11 | 0 |
| 31 Dec 14 | 0 | -10 | 9 | 0 |
| 30 Sep 14 | 0 | -7 | 7 | 0 |
| 30 Jun 14 | 0 | -5 | 4 | 0 |
| 31 Mar 14 | 0 | -5 | 4 | 0 |
| 31 Dec 13 | 0 | -5 | 4 | 0 |
| 30 Sep 13 | 0 | -5 | 4 | 0 |
| 30 Jun 13 | 0 | -5 | 5 | 0 |
| 31 Mar 13 | 0 | -6 | 6 | 0 |
Quality Earnings: MNS is currently unprofitable.
Growing Profit Margin: MNS is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MNS is unprofitable, and losses have increased over the past 5 years at a rate of 55.5% per year.
Accelerating Growth: Unable to compare MNS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MNS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-21.9%).
Return on Equity
High ROE: MNS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.