Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Full Year 2023 Results

Key Financial Results

• Revenue: US$24.1m (up 51% from FY 2022).

• Net loss: US$69.7m (loss widened by 49% from FY 2022).

• US$11.97 loss per share (additional deteriorated from US$9.01 loss in FY 2022).

All figures proven within the chart above are for the trailing 12 month (TTM) interval

Hall of Fame Resort & Entertainment EPS Misses Expectations

Revenue was according to analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.2%.

Looking forward, income is forecast to develop 46% p.a. on common through the subsequent 3 years, in comparison with a 9.8% development forecast for the Hospitality business within the US.

Performance of the American Hospitality industry.

The firm’s shares are down 5.5% from every week in the past.

Risk Analysis

It’s mandatory to contemplate the ever-present spectre of funding threat. We’ve identified 3 warning signs with Hall of Fame Resort & Entertainment (at least 1 which is concerning), and understanding them must be a part of your funding course of.

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