Yahoo Finance Sarcos Technology and Robotics Third Quarter 2022 Earnings: Misses Expectations
Sarcos Technology and Robotics (NASDAQ:STRC) Third Quarter 2022 Results
Key Financial Results
Net loss: US$22.5m (loss narrowed by 39% from 3Q 2021).
US$0.15 loss per share (improved from US$0.35 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sarcos Technology and Robotics Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 41%.
Looking ahead, revenue is forecast to grow 59% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are down 24% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Sarcos Technology and Robotics that 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.
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