Stock Analysis
Atlantic Sapphire (OB:ASA) Full Year 2023 Results
Key Financial Results
- Revenue: US$14.0m (down 26% from FY 2022).
- Net loss: US$133.8m (loss widened by 106% from FY 2022).
- US$0.33 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Atlantic Sapphire Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 66%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Food industry in Norway.
Performance of the Norwegian Food industry.
The company's shares are down 5.1% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Atlantic Sapphire (1 doesn't sit too well with us!) that you should be aware of before investing here.
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About OB:ASA
Atlantic Sapphire
Atlantic Sapphire ASA, together with its subsidiaries, engages in the production and sale of land-based salmon in Denmark and the United States.
High growth potential with excellent balance sheet.