NOVONIX Full Year 2023 Earnings: Beats Expectations
NOVONIX (ASX:NVX) Full Year 2023 Results
Key Financial Results
Net loss: US$46.2m (loss narrowed by 17% from FY 2022).
US$0.095 loss per share (improved from US$0.12 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NOVONIX Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) also surpassed analyst estimates by 50%.
Looking ahead, revenue is forecast to grow 94% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in Australia.
Performance of the Australian Electronic industry.
The company's shares are down 6.8% from a week ago.
Risk Analysis
You still need to take note of risks, for example - NOVONIX has 2 warning signs we think you should be aware of.
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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.
