MagForce Past Earnings Performance
Past criteria checks 0/6
MagForce's earnings have been declining at an average annual rate of -171.7%, while the Medical Equipment industry saw earnings growing at 4.2% annually. Revenues have been declining at an average rate of 28.3% per year.
Key information
-171.7%
Earnings growth rate
-170.3%
EPS growth rate
| Medical Equipment Industry Growth | 4.3% |
| Revenue growth rate | -28.3% |
| Return on equity | -39.4% |
| Net Margin | -981.7% |
| Last Earnings Update | 31 Dec 2021 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How MagForce 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 |
|---|---|---|---|---|
| 31 Dec 21 | 1 | -11 | 4 | 0 |
| 30 Sep 21 | 1 | 2 | 4 | 0 |
| 30 Jun 21 | 1 | 15 | 4 | 0 |
| 31 Mar 21 | 1 | 15 | 4 | 0 |
| 31 Dec 20 | 2 | 15 | 4 | 0 |
| 30 Sep 20 | 2 | 3 | 4 | 0 |
| 30 Jun 20 | 2 | -9 | 4 | 0 |
| 31 Mar 20 | 2 | -9 | 4 | 0 |
| 31 Dec 19 | 2 | -9 | 4 | 0 |
| 30 Sep 19 | 1 | -7 | 4 | 0 |
| 30 Jun 19 | 0 | -5 | 4 | 0 |
| 31 Mar 19 | 0 | 0 | 4 | 0 |
| 31 Dec 18 | 0 | 4 | 4 | 0 |
| 30 Sep 18 | 0 | 2 | 4 | 0 |
| 30 Jun 18 | 0 | 0 | 3 | 0 |
| 31 Mar 18 | 0 | -4 | 3 | 0 |
| 31 Dec 17 | 1 | -7 | 3 | 0 |
| 30 Sep 17 | 1 | -7 | 3 | 0 |
| 30 Jun 17 | 1 | -7 | 3 | 0 |
| 31 Mar 17 | 1 | -7 | 3 | 0 |
| 31 Dec 16 | 0 | -7 | 3 | 0 |
| 30 Sep 16 | 2 | -6 | 3 | 0 |
| 30 Jun 16 | 5 | -5 | 3 | 0 |
Quality Earnings: MF6 is currently unprofitable.
Growing Profit Margin: MF6 is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if MF6's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare MF6's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MF6 is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (3.3%).
Return on Equity
High ROE: MF6 has a negative Return on Equity (-39.4%), as it is currently unprofitable.