Ocean Sun Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

Ocean Sun (OB:OSUN) Full Year 2023 Results

Key Financial Results

• Net loss: kr18.7m (loss widened by 2.8% from FY 2022).
• kr0.41 loss per share (further deteriorated from kr0.40 loss in FY 2022).

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

Ocean Sun Revenues Beat Expectations

Revenue exceeded analyst estimates by 64%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 89% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Construction industry in Norway.

Performance of the Norwegian Construction industry.

The company's shares are up 5.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Ocean Sun you should be aware of, and 1 of them is concerning.

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