Sigma Lithium Full Year 2024 Earnings: Misses Expectations

Sigma Lithium (NASDAQ:SGML) Full Year 2024 Results

Key Financial Results

• Revenue: CA$208.7m (up 15% from FY 2023).
• Net loss: CA$70.0m (loss widened by 83% from FY 2023).
• CA$0.63 loss per share (further deteriorated from CA$0.35 loss in FY 2023).

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

Sigma Lithium Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 34%.

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are down 11% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Sigma Lithium.

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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.