Highway Holdings, a manufacturing company, recently reported its full-year 2023 earnings with disappointing results. The company incurred a loss of US$0.072 per share, compared to a profit of US$0.11 per share in the previous fiscal year. Additionally, the company’s revenue decreased by 17% from US$12.3 million in FY 2022 to US$10.2 million in FY 2023. The net loss for the year was US$294,000, a significant decline of 166% from the US$443,000 profit reported in the previous year.
These figures are based on the trailing 12-month (TTM) period and indicate a challenging year for Highway Holdings. The company’s shares have also experienced a decline of 7.1% from a week ago, reflecting investor concern about its financial performance.
However, it is important to note that there are several warning signs associated with Highway Holdings, with three of them causing discomfort among investors. It is advisable for investors to take these warning signs into consideration before making any investment decisions.
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In conclusion, Highway Holdings has reported disappointing financial results for the 2023 fiscal year, with a loss per share and a decrease in revenue compared to the previous year. Investors should carefully evaluate the warning signs associated with the company before making any investment decisions. It is essential to conduct thorough research and consider all factors that may impact the company’s future performance.
