- Canada
- /
- Electrical
- /
- TSX:LPEN
Loop Energy Third Quarter 2023 Earnings: CA$0.43 loss per share (vs CA$0.29 loss in 3Q 2022)
Loop Energy (TSE:LPEN) Third Quarter 2023 Results
Key Financial Results
- Revenue: CA$416.0k (down 70% from 3Q 2022).
- Net loss: CA$14.7m (loss widened by 49% from 3Q 2022).
- CA$0.43 loss per share (further deteriorated from CA$0.29 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Loop Energy Earnings Insights
Looking ahead, revenue is forecast to grow 105% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Electrical industry in Canada.
Performance of the Canadian Electrical industry.
The company's shares are down 5.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 5 warning signs for Loop Energy (4 make us uncomfortable!) that you need to take into consideration.
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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.
About TSX:LPEN
Loop Energy
Develops, engages in the manufacture and supply of hydrogen fuel cells to vehicle original equipment manufacturers and power generation system manufacturers in Europe, North America, Australia, China, and rest of the Asia-Pacific.
Slight and slightly overvalued.