Pressure Technologies Full Year 2023 Earnings: UK£0.018 loss per share (vs UK£0.13 loss in FY 2022)

Pressure Technologies (LON:PRES) Full Year 2023 Results

Key Financial Results

• Revenue: UK£31.9m (up 28% from FY 2022).
• Net loss: UK£679.0k (loss narrowed by 83% from FY 2022).
• UK£0.018 loss per share (improved from UK£0.13 loss in FY 2022).

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

The primary driver behind last 12 months revenue was the Cylinders segment contributing a total revenue of UK£20.7m (65% of total revenue). Notably, cost of sales worth UK£23.0m amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£8.40m (87% of total expenses). Explore how PRES's revenue and expenses shape its earnings.

Pressure Technologies' share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Pressure Technologies (1 doesn't sit too well with us!) that you should be aware of.

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