ITM Power First Half 2023 Earnings: UK£0.092 loss per share (vs UK£0.028 loss in 1H 2022)

ITM Power (LON:ITM) First Half 2023 Results

Key Financial Results

• Net loss: UK£56.5m (loss widened by 268% from 1H 2022).
• UK£0.092 loss per share (further deteriorated from UK£0.028 loss in 1H 2022).

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

ITM Power Earnings Insights

Looking ahead, revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in the United Kingdom.

Performance of the British Electrical industry.

The company's shares are up 38% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for ITM Power (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

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