EQTEC Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

EQTEC (LON:EQT) Full Year 2023 Results

Key Financial Results

• Revenue: €2.55m (down 68% from FY 2022).
• Net loss: €23.8m (loss widened by 126% from FY 2022).
• €0.21 loss per share (further deteriorated from €0.12 loss in FY 2022).

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

EQTEC Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in the United Kingdom.

Performance of the British Machinery industry.

The company's shares are up 11% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for EQTEC (3 shouldn't be ignored!) that you need to be mindful of.

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