Forge Global Holdings (NYSE:FRGE) Full Year 2023 Results

Key Financial Results

• Revenue: US$69.8m (flat on FY 2022).
• Net loss: US$90.2m (loss narrowed by 19% from FY 2022).
• US$0.52 loss per share (improved from US$0.78 loss in FY 2022).

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

Forge Global Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.5%.

In the last 12 months, the only revenue segment was Integrated Private Markets Service Provider contributing US$69.8m. The largest operating expense was General & Administrative costs, amounting to US$149.8m (93% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$629.0k. Explore how FRGE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 28% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Forge Global Holdings that you need to be mindful of.

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.