Argo Blockchain First Quarter 2023 Earnings: US$0.018 loss per share (vs US$0.004 profit in 1Q 2022)
Argo Blockchain (LON:ARB) First Quarter 2023 Results
Key Financial Results
Revenue: US$11.4m (down 41% from 1Q 2022).
Net loss: US$8.71m (down from US$2.07m profit in 1Q 2022).
US$0.018 loss per share (down from US$0.004 profit in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Argo Blockchain Earnings Insights
Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom.
Performance of the British Software industry.
The company's shares are up 1.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Argo Blockchain (of which 1 makes us a bit uncomfortable!) you should know about.
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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.
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