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Arrow Exploration Full Year 2023 Earnings: US$0.005 loss per share (vs US$0.002 profit in FY 2022)

Arrow Exploration (CVE:AXL) Full Year 2023 Results

Key Financial Results

  • Revenue: US$44.7m (up 79% from FY 2022).

  • Net loss: US$1.11m (down by 419% from US$346.5k profit in FY 2022).

  • US$0.005 loss per share (down from US$0.002 profit in FY 2022).

earnings-and-revenue-history
earnings-and-revenue-history

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

Arrow Exploration Earnings Insights

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Arrow Exploration you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.