Ocean Sun Reports Second Quarter 2024 Earnings

Simply Wall St · 09/01 08:01

Ocean Sun (OB:OSUN) Second Quarter 2024 Results

Key Financial Results

  • Revenue: kr4.47m (up by kr3.99m from 2Q 2023).
  • Net loss: kr4.18m (loss widened by 7.0% from 2Q 2023).
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OB:OSUN Earnings and Revenue Growth September 1st 2024

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

Ocean Sun Earnings Insights

Looking ahead, revenue is forecast to grow 95% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Construction industry in Norway.

Performance of the Norwegian Construction industry.

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

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Ocean Sun you should be aware of, and 2 of them are a bit concerning.