HydrogenPro Full Year 2024 Earnings: Misses Expectations

HydrogenPro (OB:HYPRO) Full Year 2024 Results

Key Financial Results

• Revenue: kr195.7m (down 66% from FY 2023).
• Net loss: kr200.5m (loss widened by 211% from FY 2023).
• kr2.88 loss per share (further deteriorated from kr1.08 loss in FY 2023).

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

HydrogenPro Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 73%. Earnings per share (EPS) also missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in Norway.

Performance of the Norwegian Machinery industry.

The company's shares are down 6.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for HydrogenPro (2 can't be ignored!) that you need to take into consideration.

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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.