New Horizon Health Full Year 2022 Earnings: Revenues Beat Expectations

New Horizon Health (HKG:6606) Full Year 2022 Results

Key Financial Results

• Revenue: CN¥765.0m (up 260% from FY 2021).
• Net loss: CN¥79.2m (loss narrowed by 97% from FY 2021).

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

New Horizon Health Revenues Beat Expectations

Revenue exceeded analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Healthcare industry in Hong Kong.

Performance of the Hong Kong Healthcare industry.

The company's shares are down 12% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for New Horizon Health that you should be aware of.

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