AFC Energy Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

AFC Energy (LON:AFC) Full Year 2023 Results

Key Financial Results

• Net loss: UK£17.5m (loss widened by 6.3% from FY 2022).
• UK£0.024 loss per share (further deteriorated from UK£0.022 loss in FY 2022).

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

AFC Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 62%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in the United Kingdom.

Performance of the British Electrical industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

Be aware that AFC Energy is showing 3 warning signs in our investment analysis and 1 of those is potentially serious...

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