Exsitec Holding Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 10/18 04:23

Exsitec Holding (STO:EXS) Third Quarter 2024 Results

Key Financial Results

  • Revenue: kr161.2m (up 5.1% from 3Q 2023).
  • Net loss: kr3.76m (down by 323% from kr1.69m profit in 3Q 2023).
  • kr0.28 loss per share (down from kr0.13 profit in 3Q 2023).
earnings-and-revenue-growth
OM:EXS Earnings and Revenue Growth October 18th 2024

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

Exsitec Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, while revenues in the IT industry in Sweden are expected to remain flat.

Performance of the Swedish IT industry.

The company's shares are down 15% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Exsitec Holding that you should be aware of.