In This Article:
ITM Power (LON:ITM) Full Year 2024 Results
Key Financial Results
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Revenue: UK£16.5m (up 216% from FY 2023).
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Net loss: UK£27.2m (loss narrowed by 73% from FY 2023).
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UK£0.044 loss per share (improved from UK£0.17 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ITM Power Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 41%.
Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in the United Kingdom.
Performance of the British Electrical industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for ITM Power (1 can't be ignored!) that you should be aware of.
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