- United Kingdom
- Aerospace & Defense
Velocity Composites Full Year 2022 Earnings: EPS Misses Expectations
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).
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.
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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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.
Velocity Composites plc, together with its subsidiaries, offers engineered composite material kits to the aerospace industry in the United Kingdom, Europe, and internationally.
Excellent balance sheet with high growth potential.