ZENTEK LTD Reports 100.0% Decrease in Revenue for Q1 of FY2024
August 15, 2023
🌥️Earnings Overview
For the quarter ending June 30 2023, ZENTEK LTD ($NASDAQ:ZTEK) reported total revenue of CAD 0.0 million, a substantial decrease of 100.0% from the same quarter of FY2024 Q1 a year prior. The company reported a net income of CAD -3.2 million, a dip from -5.0 million in the same period of the prior year. The results were issued on August 11 2023.
Analysis
GoodWhale has conducted an analysis of the financials of ZENTEK LTD, and the results indicate that the company is classified as a medium risk investment in terms of financial and business aspects. GoodWhale has identified two risk warnings within the balance sheet and cashflow statement, which can be viewed by registering on goodwhale.com. This tool enables users to assess the financial risk of any company quickly and easily. The financial risk associated with any company should always be taken into consideration when investing. GoodWhale helps to make this process simpler by providing a comprehensive analysis of the financials of any company, alerting investors to risks that may be present. This information can be invaluable when it comes to making informed investment decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Zentek Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 0.04 | -12.54 | -31174.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zentek Ltd. More…
| Operations | Investing | Financing |
| -11.66 | 0.72 | -0.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Zentek Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 30.87 | 2.74 | 0.28 |
Key Ratios Snapshot
Some of the financial key ratios for Zentek Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | -31269.8% |
| FCF Margin | ROE | ROA |
| -33306.8% | -26.6% | -25.2% |
Summary
ZENTEK LTD released their financial results for the quarter ending June 30 2023, showing a significant decrease in total revenue and net income. Total revenue was reported at CAD 0.0 million, a 100.0% drop from the same quarter a year ago, and net income was reported at CAD -3.2 million, down from -5.0 million in the same period of the preceding year. In response to these results, the stock price moved down the same day. Investors should closely monitor ZENTEK LTD’s performance in the upcoming quarters, as it remains to be seen how the company will fare in the face of this difficult economic situation.
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