WhiteHawk Full Year 2023 Earnings: Misses Expectations
WhiteHawk (ASX:WHK) Full Year 2023 Results
Key Financial Results
Revenue: US$1.80m (down 44% from FY 2022).
Net loss: US$2.84m (loss widened by 85% from FY 2022).
US$0.01 loss per share (further deteriorated from US$0.007 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
WhiteHawk Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 49%. Earnings per share (EPS) also missed analyst estimates by 24%.
Looking ahead, revenue is forecast to grow 73% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Australia.
Performance of the Australian Software industry.
The company's shares are up 33% from a week ago.
Risk Analysis
It is worth noting though that we have found 5 warning signs for WhiteHawk (3 don't sit too well with us!) that you need to take into consideration.
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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.
