Cleantek Industries Third Quarter 2023 Earnings: EPS: CA$0.01 (vs CA$0.037 loss in 3Q 2022)

Cleantek Industries (CVE:CTEK) Third Quarter 2023 Results

Key Financial Results

• Revenue: CA$3.59m (up 5.8% from 3Q 2022).
• Net income: CA$245.0k (up from CA$1.02m loss in 3Q 2022).
• Profit margin: 6.8% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses.
• EPS: CA$0.01 (up from CA$0.037 loss in 3Q 2022).

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

Cleantek Industries Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% decline forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Cleantek Industries.

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