OB:SALMEFood
Salmon Evolution (OB:SALME) Stock Can Ramp Progress Offset Persistent Losses
Salmon Evolution came into this earnings day with a bruised share price, down 15.7% over three months and another 3.2% over the past week, and investors clearly worried about cash and losses. The headline from Q2 is a sharp squeeze on profitability. Revenue landed at NOK 66.7m while the company reported a net loss of NOK 43.4m and a basic loss per share of NOK 0.08. The stock now trades at NOK 3.92. The real question for you is how much faith to place in the ramp up story when losses are...