Neogrid Participações Third Quarter 2024 Earnings: Revenues Miss Expectations

Neogrid Participações (BVMF:NGRD3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$68.6m (up 4.8% from 3Q 2023).
• Net loss: R$7.56m (loss widened by 341% from 3Q 2023).

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

Neogrid Participações Revenues Disappoint

Revenue missed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Global Software industry.

Performance of the market in Brazil.

The company's shares are up 1.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Neogrid Participações has 3 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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