Sierra Rutile Holdings Full Year 2023 Earnings: Revenues Miss Expectations

Sierra Rutile Holdings (ASX:SRX) Full Year 2023 Results

Key Financial Results

• Revenue: US$176.3m (down 31% from FY 2022).
• Net loss: US$20.1m (down by 127% from US$73.4m profit in FY 2022).

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

Sierra Rutile Holdings Revenues Disappoint

Revenue missed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 1.2% 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

Before you take the next step you should know about the 2 warning signs for Sierra Rutile Holdings (1 is a bit concerning!) that we have uncovered.

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