OTI Greentech Reports Full Year 2023 Earnings

OTI Greentech (DUSE:NSAK) Full Year 2023 Results

Key Financial Results

• Revenue: €17.2m (up 4.3% from FY 2022).
• Net loss: €1.41m (loss narrowed by 2.2% from FY 2022).
• €0.14 loss per share.

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

In the last 12 months, the only revenue segment was Oil Well Equipment & Services contributing €17.2m. Notably, cost of sales worth €13.0m amounted to 76% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €2.52m (45% of total expenses). Explore how NSAK's revenue and expenses shape its earnings.

OTI Greentech shares are up 30% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with OTI Greentech (at least 2 which shouldn't be ignored), and understanding these should be part of your investment process.

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