BurgerFi International Third Quarter 2023 Earnings: US$0.18 loss per share (vs US$0.15 loss in 3Q 2022)

BurgerFi International (NASDAQ:BFI) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$39.5m (down 8.7% from 3Q 2022).
• Net loss: US$4.96m (loss widened by 49% from 3Q 2022).
• US$0.18 loss per share (further deteriorated from US$0.15 loss in 3Q 2022).

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

BurgerFi International Earnings Insights

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 5 warning signs for BurgerFi International (1 is concerning) you should be aware of.

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