Stock Analysis

Velocity Composites Full Year 2022 Earnings: EPS Misses Expectations

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Velocity Composites (LON:VEL) Full Year 2022 Results

Key Financial Results

  • Revenue: UK£12.0m (up 22% from FY 2021).
  • Net loss: UK£1.34m (loss widened by 11% from FY 2021).
  • UK£0.037 loss per share (further deteriorated from UK£0.033 loss in FY 2021).
AIM:VEL Earnings and Revenue Growth February 5th 2023

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

Velocity Composites EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Aerospace & Defense industry in the United Kingdom.

Performance of the British Aerospace & Defense industry.

The company's shares are down 16% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Velocity Composites (1 is significant) you should be aware of.

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