Yahoo Finance Lithium Royalty Second Quarter 2023 Earnings: Misses Expectations
Lithium Royalty (TSE:LIRC) Second Quarter 2023 Results
Key Financial Results
Net loss: US$887.0k (down by 118% from US$4.84m profit in 2Q 2022).
US$0.016 loss per share (down from US$47.19 profit in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lithium Royalty Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 64%. Earnings per share (EPS) also missed analyst estimates by 107%.
Looking ahead, revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's shares are up 16% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Lithium Royalty you should be aware of, and 1 of them is a bit unpleasant.
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