Stock Analysis

Raen Reports Third Quarter 2023 Earnings

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Raen (WSE:RAE) Third Quarter 2023 Results

Key Financial Results

  • Revenue: zł2.19m (up by zł2.18m from 3Q 2022).
  • Net loss: zł2.70m (loss widened by zł2.54m from 3Q 2022).
WSE:RAE Earnings and Revenue History December 3rd 2023

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

Raen Earnings Insights

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electrical industry in Europe.

Performance of the market in Poland.

The company's shares are down 7.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 5 warning signs for Raen (4 can't be ignored!) that you need to take into consideration.

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