Positivo Tecnologia Second Quarter 2024 Earnings: Revenues Beat Expectations

Positivo Tecnologia (BVMF:POSI3) Second Quarter 2024 Results

Key Financial Results

• Revenue: R$813.1m (up 7.8% from 2Q 2023).
• Net income: R$3.65m (down 82% from 2Q 2023).
• Profit margin: 0.4% (down from 2.7% in 2Q 2023). The decrease in margin was driven by higher expenses.

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

Positivo Tecnologia Revenues Beat Expectations

Revenue exceeded analyst estimates by 4.9%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Global Tech industry.

Performance of the market in Brazil.

The company's shares are down 3.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Positivo Tecnologia (1 is significant!) that we have uncovered.

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