AFC Energy Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

In This Article:

AFC Energy (LON:AFC) Full Year 2023 Results

Key Financial Results

  • Net loss: UK£17.5m (loss widened by 6.3% from FY 2022).

  • UK£0.024 loss per share (further deteriorated from UK£0.022 loss in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

AFC Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 62%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in the United Kingdom.

Performance of the British Electrical industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for AFC Energy (1 is a bit concerning!) that we have uncovered.

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