FRX Innovations Third Quarter 2023 Earnings: US$0.02 loss per share (vs US$0.022 loss in 3Q 2022)
FRX Innovations (CVE:FRXI) Third Quarter 2023 Results
Key Financial Results
- Revenue: US$629.1k (up 58% from 3Q 2022).
- Net loss: US$2.03m (loss widened by 15% from 3Q 2022).
- US$0.02 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
FRX Innovations Earnings Insights
Looking ahead, revenue is forecast to grow 87% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Canada are expected to remain flat.
Performance of the Canadian Chemicals industry.
The company's shares are down 11% from a week ago.
Risk Analysis
Be aware that FRX Innovations is showing 6 warning signs in our investment analysis and 4 of those don't sit too well with us...
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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 TSXV:FRXI
FRX Innovations
Manufactures and sells flame-retardant polyphosphate polymers in Asia, Europe, and internationally.
Medium-low with worrying balance sheet.
