iSun Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

iSun (NASDAQ:ISUN) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$27.9m (up 47% from 3Q 2022).
• Net loss: US$2.25m (loss narrowed by 54% from 3Q 2022).
• US$0.073 loss per share (improved from US$0.36 loss in 3Q 2022).

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

iSun Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 75%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for iSun (of which 2 can't be ignored!) you should know about.

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