Hall of Fame Resorts & Entertainment (NASDAQ:HOFV) Full Year 2023 Results
Main financial results
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Revenue: USD 24.1 million (51% increase compared to FY2022).
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Net loss: USD 69.7 million (49% increase in loss compared to FY2022).
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Loss of US$11.97 per share (worsening from loss of US$9.01 in FY22).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Hall of Fame Resort & Entertainment EPS defies expectations
Sales were in line with analyst forecasts. Earnings per share (EPS) was 9.2% below analyst expectations.
Looking ahead, revenue is expected to increase by an average of 46% per year over the next three years, compared to a growth forecast of 9.8% for the U.S. hospitality industry.
performance of American hospitality industry.
The company's stock price has fallen 5.5% from a week ago.
risk analysis
The ever-present concern of investment risk must be taken into account. We've identified 3 warning signs for you Hall of Fame Resorts & Entertainment includes at least one area of concern, and understanding them should be part of your investment process.
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