Carmat Full Year 2023 Earnings: Revenues Miss Expectations

Carmat (EPA:ALCAR) Full Year 2023 Results

Key Financial Results

• Revenue: €12.6m (up by €12.1m from FY 2022).
• Net loss: €53.9m (flat on FY 2022).

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

Carmat Revenues Disappoint

Revenue missed analyst estimates by 65%.

Looking ahead, revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Medical Equipment industry in France.

Performance of the French Medical Equipment industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Carmat has 4 warning signs (and 1 which is potentially serious) we think you should know about.

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