SciBase Holding Full Year 2023 Earnings: Misses Expectations

SciBase Holding (STO:SCIB) Full Year 2023 Results

Key Financial Results

• Revenue: kr23.2m (up 30% from FY 2022).
• Net loss: kr55.6m (loss widened by 29% from FY 2022).
• kr0.52 loss per share.

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

SciBase Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Medical Equipment industry in Sweden.

Performance of the Swedish Medical Equipment industry.

The company's shares are down 35% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 6 warning signs for SciBase Holding (3 are significant!) that you should be aware of.

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