IQE Full Year 2023 Earnings: EPS Beats Expectations

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).

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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