Archer Full Year 2023 Earnings: US$0.022 loss per share (vs US$0.066 profit in FY 2022)

Archer (OB:ARCH) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.17b (up 42% from FY 2022).
• Net loss: US$28.1m (down by 387% from US$9.80m profit in FY 2022).
• US$0.022 loss per share (down from US$0.066 profit in FY 2022).

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

Archer Earnings Insights

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Energy Services industry in Norway.

Performance of the Norwegian Energy Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Archer, and understanding this should be part of your investment process.

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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.