Yahoo Finance Megaport First Half 2023 Earnings: US$0.06 loss per share (vs US$0.09 loss in 1H 2022)
Megaport (ASX:MP1) First Half 2023 Results
Key Financial Results
Revenue: US$47.4m (up 27% from 1H 2022).
Net loss: US$9.21m (loss narrowed by 37% from 1H 2022).
US$0.06 loss per share (improved from US$0.09 loss in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Megaport Earnings Insights
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Australia.
Performance of the Australian IT industry.
The company's shares are down 1.5% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Megaport's balance sheet health.
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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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