Seeing Machines Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags
Seeing Machines (LON:SEE) Full Year 2024 Results
Key Financial Results
- Revenue: US$67.6m (up 17% from FY 2023).
- Net loss: US$31.3m (loss widened by 101% from FY 2023).
- US$0.008 loss per share (further deteriorated from US$0.004 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Seeing Machines Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 186%.
The primary driver behind last 12 months revenue was the Aftermarket segment contributing a total revenue of US$41.1m (61% of total revenue). Notably, cost of sales worth US$36.1m amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$31.9m (51% of total expenses). Explore how SEE's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Electronic industry in the United Kingdom.
Performance of the British Electronic industry.
The company's shares are down 19% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Seeing Machines' balance sheet.
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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.
About AIM:SEE
Seeing Machines
Provides driver and occupant monitoring system technologies in Australia, North America, the Asia Pacific, Europe, and internationally.
High growth potential and fair value.
