De Grey Mining Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

De Grey Mining (ASX:DEG) Full Year 2024 Results

Key Financial Results

• Revenue: AU$16.3m (up by AU$16.1m from FY 2023).
• Net loss: AU$17.2m (loss narrowed by 9.4% from FY 2023).
• AU$0.009 loss per share (improved from AU$0.013 loss in FY 2023).

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

De Grey Mining Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 80%. Earnings per share (EPS) missed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for De Grey Mining that you need to be mindful of.

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