Sarcos Technologies and Robotics Complete Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Sarcos Technologies and Robotics (NASDAQ:STRC) Complete Year 2022 Outcomes

Important Monetary Outcomes

• Income: US$14.6m (up 187% from FY 2021).
• Net loss: US$157.1m (loss widened by 93% from FY 2021).
• US$1.07 loss per share (additional deteriorated from US$.72 loss in FY 2021).

NasdaqGM:STRC Earnings and Income Development March 18th 2023

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

Sarcos Technologies and Robotics Revenues Beat Expectations, EPS Falls Quick

Income exceeded analyst estimates by three.six%. Earnings per share (EPS) missed analyst estimates by 70%.

Searching ahead, income is forecast to develop 53% p.a. on typical through the subsequent three years, compared to a four.eight% development forecast for the Machinery sector in the US.

Efficiency of the American Machinery sector.

The company’s shares are down 14% from a week ago.

Threat Evaluation

Ahead of you take the subsequent step you need to know about the four warning indicators for Sarcos Technologies and Robotics that we have uncovered.

Valuation is complicated, but we’re assisting make it easy.

Obtain out whether or not Sarcos Technologies and Robotics is potentially more than or undervalued by checking out our extensive evaluation, which contains fair worth estimates, dangers and warnings, dividends, insider transactions and monetary well being.

View the Free of charge Evaluation

Have feedback on this post? Concerned about the content material? Get in touch with us straight. Alternatively, e mail editorial-group (at) simplywallst.com.

This post by Just Wall St is common in nature. We deliver commentary primarily based on historical information and analyst forecasts only applying an unbiased methodology and our articles are not intended to be monetary guidance. It does not constitute a recommendation to acquire or sell any stock, and does not take account of your objectives, or your monetary predicament. We aim to bring you lengthy-term focused evaluation driven by basic information. Note that our evaluation may well not element in the most recent price tag-sensitive organization announcements or qualitative material. Just Wall St has no position in any stocks described.