Yahoo Finance Velocys Full Year 2022 Earnings: Misses Expectations
Velocys (LON:VLS) Full Year 2022 Results
Key Financial Results
Net loss: UK£13.2m (loss widened by 56% from FY 2021).
UK£0.009 loss per share (further deteriorated from UK£0.008 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Velocys Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 77%. Earnings per share (EPS) also missed analyst estimates by 10%.
Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Energy Services industry in the United Kingdom.
Performance of the British Energy Services industry.
The company's shares are down 30% from a week ago.
Risk Analysis
Before you take the next step you should know about the 6 warning signs for Velocys (4 shouldn't be ignored!) that we have uncovered.
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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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