Colorlight Cloud Tech Third Quarter 2024 Earnings: CN¥0.01 loss per share (vs CN¥0.42 profit in 3Q 2023)

Simply Wall St · 10/26 01:07

Colorlight Cloud Tech (SZSE:301391) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥164.3m (down 24% from 3Q 2023).
  • Net loss: CN¥1.11m (down by 103% from CN¥39.6m profit in 3Q 2023).
  • CN¥0.01 loss per share (down from CN¥0.42 profit in 3Q 2023).
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SZSE:301391 Earnings and Revenue Growth October 26th 2024

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

Colorlight Cloud Tech Earnings Insights

Looking ahead, revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Colorlight Cloud Tech (1 is a bit concerning!) that we have uncovered.