Stock Analysis

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

Published
OM:STRAX
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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).
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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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