Globus Maritime (NASDAQ:GLBS) First Quarter 2024 Results

Key Financial Results

• Revenue: US$7.71m (down 6.0% from 1Q 2023).

• Net loss: US$299.0k (down by 142% from US$712.5k profit in 1Q 2023).

• US$0.01 loss per share (down from US$0.035 profit in 1Q 2023).

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

Globus Maritime Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat.

Performance of the American Shipping industry.

The company's shares are down 5.6% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Globus Maritime (at least 2 which are significant), and understanding these should be part of your investment process.

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