Tiny Third Quarter 2024 Earnings: Misses Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2024
0mins
Source: Yahoo Finance
Financial Performance: The company reported a revenue of CA$46.7 million, down 7.6% from the previous quarter, with a net loss of CA$9.77 million, which is a 149% increase in losses compared to the prior period. Both revenue and earnings per share missed analyst estimates significantly.
Future Outlook: Revenue is expected to grow at an average rate of 8.7% annually over the next two years, which is below the Canadian Software industry's forecasted growth of 16%. Additionally, the company's shares have declined by 11% in the past week, and there are identified risks associated with the company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
