Stock Analysis

Strax Third Quarter 2023 Earnings: €0.11 loss per share (vs €0.052 loss in 3Q 2022)

OM:STRAX
Source: Shutterstock

Strax (STO:STRAX) Third Quarter 2023 Results

Key Financial Results

  • Revenue: €6.00m (down 12% from 3Q 2022).
  • Net loss: €13.7m (loss widened by 120% from 3Q 2022).
  • €0.11 loss per share (further deteriorated from €0.052 loss in 3Q 2022).
earnings-and-revenue-growth
OM:STRAX Earnings and Revenue Growth December 3rd 2023

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

Strax Earnings Insights

Looking ahead, revenue is expected to fall by 8.9% p.a. on average during the next 3 years compared to a 3.9% decline forecast for the Consumer Durables industry in Sweden.

Performance of the Swedish Consumer Durables industry.

The company's shares are down 33% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Strax (2 are a bit concerning) you should be aware of.

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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.