Xeros Technology Group Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Xeros Technology Group (LON:XSG) Full Year 2023 Results

Key Financial Results

• Revenue: UK£297.0k (up 81% from FY 2022).
• Net loss: UK£4.26m (loss narrowed by 39% from FY 2022).
• UK£0.028 loss per share (improved from UK£0.14 loss in FY 2022).

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

Xeros Technology Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 63%. Earnings per share (EPS) exceeded analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 103% p.a. on average during the next 2 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 down 1.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Xeros Technology Group (at least 3 which shouldn't be ignored), and understanding these should be part of your investment process.

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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.