VIGO Photonics Third Quarter 2023 Earnings: EPS: zł0.89 (vs zł4.18 in 3Q 2022)

Simply Wall St

November 18, 2023

VIGO Photonics (WSE:VGO) Third Quarter 2023 Results

Key Financial Results

Revenue: zł17.2m (up 2.3% from 3Q 2022).
Net income: zł650.0k (down 79% from 3Q 2022).
Profit margin: 3.8% (down from 18% in 3Q 2022). The decrease in margin was driven by higher expenses.
EPS: zł0.89 (down from zł4.18 in 3Q 2022).

earnings-and-revenue-history — WSE:VGO Earnings and Revenue History November 18th 2023

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

VIGO Photonics Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in Europe.

Performance of the market in Poland.

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 2 warning signs with VIGO Photonics, and understanding them 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.