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NFON AG is a cloud-based telecommunication services provider, catering to business customers across several European countries including Germany, Austria, the United Kingdom, Spain, Italy, and France. Despite incurring a loss of €16 million in the latest financial year, the company is steadily moving towards its target of breakeven.

According to consensus from three German Telecom analysts, NFON is expected to achieve breakeven in the near future. It is projected to post a final loss in 2023, followed by a profit of €850k in 2024, indicating that the company will break even in just over a year from now. Analysts have expressed high confidence in this prediction, estimating an average annual growth rate of 114%.

NFON’s debt-free balance sheet is worth noting, as it is uncommon for a growth company incurring losses to have low or no debt. This implies that the company has been operating solely on equity investment, reducing the risk associated with investing in a loss-making company.

While this overview provides a general understanding of NFON’s situation, it is important to conduct deeper analysis for a comprehensive understanding of the company. Interested individuals can refer to NFON’s company page on Simply Wall St for more information. Factors such as valuation, management team, and comparison with other high-performing stocks can also be considered.

Feedback and inquiries regarding the article can be directed to the editorial team at Simply Wall St. It is important to note that this article is based on historical data and analyst forecasts and should not be considered as financial advice. Individual objectives and financial situations must be taken into account when making investment decisions.

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