Stock Analysis

IQE Full Year 2023 Earnings: EPS Beats Expectations

AIM:IQE
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IQE (LON:IQE) Full Year 2023 Results

Key Financial Results

  • Revenue: UK£115.3m (down 31% from FY 2022).
  • Net loss: UK£29.4m (loss narrowed by 61% from FY 2022).
  • UK£0.033 loss per share (improved from UK£0.093 loss in FY 2022).
earnings-and-revenue-growth
AIM:IQE Earnings and Revenue Growth May 26th 2024

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

IQE EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom.

Performance of the British Semiconductor industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - IQE has 3 warning signs (and 2 which are potentially serious) we think you should know about.

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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.