ITM Power Full Year 2024 Earnings: Beats Expectations

ITM Power (LON:ITM) Full Year 2024 Results

Key Financial Results

• Revenue: UK£16.5m (up 216% from FY 2023).
• Net loss: UK£27.2m (loss narrowed by 73% from FY 2023).
• UK£0.044 loss per share (improved from UK£0.17 loss in FY 2023).

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

ITM Power Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 41%.

Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in the United Kingdom.

Performance of the British Electrical industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for ITM Power (of which 1 is significant!) 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.