Serinus Energy (LON:SENX) Full Year 2023 Results

Key Financial Results

• Revenue: US$17.9m (down 64% from FY 2022).

• Net loss: US$13.0m (down from US$1.63m profit in FY 2022).

• US$0.11 loss per share (down from US$0.014 profit in FY 2022).

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

Serinus Energy Earnings Insights

Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 1.5% decline forecast for the Oil and Gas industry in the United Kingdom.

Performance of the British Oil and Gas industry.

The company's shares are down 15% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Serinus Energy that you need to take into consideration.

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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.