IGO (ASX:IGO) Full Year 2024 Results

Key Financial Results

• Revenue: AU$860.2m (down 16% from FY 2023).

• Net income: AU$2.80m (down 100% from FY 2023).

• Profit margin: 0.3% (down from 54% in FY 2023).

• EPS: AU$0.004 (down from AU$0.72 in FY 2023).

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

IGO EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 99%.

Looking ahead, revenue is expected to decline by 38% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to grow by 1.7%.

Performance of the Australian Metals and Mining industry.

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

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for IGO that you should be aware of.

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