Globus Maritime First Quarter 2024 Earnings: US$0.01 loss per share (vs US$0.035 profit in 1Q 2023)

In This Article:

Globus Maritime (NASDAQ:GLBS) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$7.71m (down 6.0% from 1Q 2023).

  • Net loss: US$299.0k (down by 142% from US$712.5k profit in 1Q 2023).

  • US$0.01 loss per share (down from US$0.035 profit in 1Q 2023).

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

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

Globus Maritime Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat.

Performance of the American Shipping industry.

The company's shares are down 5.6% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Globus Maritime (at least 2 which are significant), and understanding these should be part of your investment process.

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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.