AwanBiru Technology Berhad First Quarter 2023 Earnings: RM0.002 loss per share (vs RM0.002 loss in 1Q 2022)

AwanBiru Technology Berhad (KLSE:AWANTEC) First Quarter 2023 Results

Key Financial Results

• Revenue: RM18.1m (up 54% from 1Q 2022).

• Net loss: RM1.40m (loss narrowed by 17% from 1Q 2022).

• RM0.002 loss per share (in line with 1Q 2022).

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

AwanBiru Technology Berhad Earnings Insights

Looking ahead, revenue is expected to decline by 21% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in Asia are expected to grow by 20%.

Performance of the market in Malaysia.

The company's shares are up 5.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for AwanBiru Technology Berhad 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.

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