Symphony Environmental Technologies Full Year 2024 Earnings: Misses Expectations

Symphony Environmental Technologies (LON:SYM) Full Year 2024 Results

Key Financial Results

• Revenue: UK£6.59m (up 3.8% from FY 2023).
• Net loss: UK£1.34m (loss narrowed by 38% from FY 2023).
• UK£0.006 loss per share (improved from UK£0.012 loss in FY 2023).

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

Symphony Environmental Technologies Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 57%.

The primary driver behind last 12 months revenue was the Central and South America segment contributing a total revenue of UK£2.58m (39% of total revenue). Notably, cost of sales worth UK£3.53m amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£3.90m (89% of total expenses). Explore how SYM's revenue and expenses shape its earnings.

The company's shares are down 8.2% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Symphony Environmental Technologies (at least 3 which are a bit unpleasant), and understanding them should be part of your investment process.

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