Pacific Edge First Half 2023 Earnings: NZ$0.013 loss per share (vs NZ$0.012 loss in 1H 2022)

Pacific Edge (NZSE:PEB) First Half 2023 Results

Key Financial Results

• Revenue: NZ$9.47m (up 55% from 1H 2022).

• Net loss: NZ$10.6m (loss widened by 18% from 1H 2022).

• NZ$0.013 loss per share (further deteriorated from NZ$0.012 loss in 1H 2022).

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

Pacific Edge Earnings Insights

Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Biotechs industry in Oceania.

Performance of the market in New Zealand.

The company's shares are up 1.0% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Pacific Edge.

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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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