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Cokal Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Cokal (ASX:CKA) Full Year 2023 Results

Key Financial Results

  • Net loss: US$9.27m (loss widened by 30% from FY 2022).

  • US$0.009 loss per share (further deteriorated from US$0.008 loss in FY 2022).

earnings-and-revenue-history
earnings-and-revenue-history

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

Cokal EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 99%. Earnings per share (EPS) exceeded analyst estimates by 22%.

The primary driver behind last 12 months revenue was the Australia segment contributing a total revenue of US$14.2k (87% of total revenue). Notably, cost of sales worth US$2.52m amounted to 15,362% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$4.80m 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 CKA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are up 9.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 5 warning signs for Cokal (1 is concerning!) that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.