ITM Power (LON:ITM) First Half 2023 Results

Key Financial Results

• Net loss: UK£56.5m (loss widened by 268% from 1H 2022).

• UK£0.092 loss per share (further deteriorated from UK£0.028 loss in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ITM Power Earnings Insights

Looking ahead, revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in the United Kingdom.

Performance of the British Electrical industry.

The company's shares are up 38% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for ITM Power (1 is concerning!) 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.

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