Electrovaya First Quarter 2023 Earnings: US$0.023 loss per share (vs US$0.015 loss in 1Q 2022)
Electrovaya (TSE:EFL) First Quarter 2023 Results
Key Financial Results
Revenue: US$7.78m (up by US$6.53m from 1Q 2022).
Net loss: US$3.70m (loss widened by 72% from 1Q 2022).
US$0.023 loss per share (further deteriorated from US$0.015 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Electrovaya Earnings Insights
Looking ahead, revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 37% growth forecast for the Electrical industry in Canada.
Performance of the Canadian Electrical industry.
The company's shares are down 3.2% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Electrovaya you should be aware of, and 1 of them is a bit concerning.
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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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