Cherry Third Quarter 2023 Earnings: €0.33 loss per share (vs €0.003 loss in 3Q 2022)

Cherry (ETR:C3RY) Third Quarter 2023 Results

Key Financial Results

• Revenue: €27.3m (down 15% from 3Q 2022).
• Net loss: €7.70m (loss widened by €7.62m from 3Q 2022).
• €0.33 loss per share (further deteriorated from €0.003 loss in 3Q 2022).

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

Cherry Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Tech industry in Europe.

Performance of the market in Germany.

The company's shares are up 5.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Cherry (1 is potentially serious!) that you need to take into consideration.

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