Lhyfe Full Year 2023 Earnings: Beats Expectations

Lhyfe (EPA:LHYFE) Full Year 2023 Results

Key Financial Results

• Net loss: €33.5m (loss widened by 30% from FY 2022).
• €0.70 loss per share.

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

Lhyfe Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

In the last 12 months, the only revenue segment was Oil & Gas - Exploration & Production contributing €1.32m. The largest operating expense was General & Administrative costs, amounting to €33.0m (95% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of €486.0k. Explore how LHYFE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 75% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in France are expected to remain flat.

Performance of the French Oil and Gas industry.

The company's shares are up 9.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Lhyfe has 5 warning signs (and 2 which don't sit too well with us) we think you should know about.

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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.