CHAR Technologies Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 08/31 12:10

CHAR Technologies (CVE:YES) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CA$1.16m (up 172% from 3Q 2023).
  • Net loss: CA$1.31m (loss narrowed by 32% from 3Q 2023).
  • CA$0.013 loss per share (improved from CA$0.022 loss in 3Q 2023).
earnings-and-revenue-history
TSXV:YES Earnings and Revenue History August 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

CHAR Technologies EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 47%. Earnings per share (EPS) exceeded analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Commercial Services industry in Canada.

Performance of the Canadian Commercial Services industry.

The company's shares are down 6.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for CHAR Technologies (of which 1 is potentially serious!) you should know about.