Minesto Full Year 2023 Earnings: Misses Expectations

Minesto (STO:MINEST) Full Year 2023 Results

Key Financial Results

• Revenue: kr45.6m (up 6.5% from FY 2022).
• Net loss: kr27.1m (loss narrowed by 68% from FY 2022).
• kr0.17 loss per share (improved from kr0.61 loss in FY 2022).

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

Minesto Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 43%. Earnings per share (EPS) also missed analyst estimates by 5.2%.

Looking ahead, revenue is forecast to grow 91% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electrical industry in Sweden.

Performance of the Swedish Electrical industry.

The company's shares are down 42% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Minesto (at least 2 which are a bit concerning), and understanding these 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.