AMG Critical Materials Second Quarter 2024 Earnings: US$0.34 loss per share (vs US$1.33 profit in 2Q 2023)

AMG Critical Materials (AMS:AMG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$364.3m (down 17% from 2Q 2023).
• Net loss: US$11.0m (down by 126% from US$42.8m profit in 2Q 2023).
• US$0.34 loss per share (down from US$1.33 profit in 2Q 2023).

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

AMG Critical Materials Earnings Insights

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe.

Performance of the market in the Netherlands.

The company's shares are down 2.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for AMG Critical Materials (2 are significant!) that you need to take into consideration.

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