SRT Marine Systems First Half 2024 Earnings: UK£0.025 loss per share (vs UK£0.012 profit in 1H 2023)

SRT Marine Systems (LON:SRT) First Half 2024 Results

Key Financial Results

• Revenue: UK£5.50m (down 71% from 1H 2023).
• Net loss: UK£4.62m (down by 318% from UK£2.12m profit in 1H 2023).
• UK£0.025 loss per share (down from UK£0.012 profit in 1H 2023).

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

SRT Marine Systems Earnings Insights

Looking ahead, revenue is forecast to grow 85% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Communications industry in the United Kingdom.

Performance of the British Communications industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for SRT Marine Systems that you need to be mindful of.

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