In This Article:
Ecofibre (ASX:EOF) Full Year 2024 Results
Key Financial Results
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Revenue: AU$28.0m (down 14% from FY 2023).
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Net loss: AU$38.2m (loss narrowed by 4.3% from FY 2023).
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AU$0.11 loss per share (improved from AU$0.12 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the Hemp Black segment contributing a total revenue of AU$17.0m (61% of total revenue). Notably, cost of sales worth AU$18.1m amounted to 65% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling AU$23.7m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how EOF's revenue and expenses shape its earnings.
Ecofibre shares are down 30% from a week ago.
Risk Analysis
We should say that we've discovered 4 warning signs for Ecofibre that you should be aware of before investing here.
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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.