KWESST Micro Systems First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

KWESST Micro Systems (CVE:KWE) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$129.1k (down 59% from 1Q 2023).
• Net loss: CA$399.0k (loss narrowed by 82% from 1Q 2023).
• CA$0.071 loss per share (improved from CA$1.37 loss in 1Q 2023).

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

KWESST Micro Systems EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 87%. Earnings per share (EPS) exceeded analyst estimates by 89%.

The company's shares are down 4.7% from a week ago.

Risk Analysis

Be aware that KWESST Micro Systems is showing 6 warning signs in our investment analysis and 4 of those are a bit concerning...

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