Atlantic Sapphire Full Year 2023 Earnings: Misses Expectations

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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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.