Else Nutrition Holdings Third Quarter 2023 Earnings: EPS: CA$0.009 (vs CA$0.032 loss in 3Q 2022)

Else Nutrition Holdings (TSE:BABY) Third Quarter 2023 Results

Key Financial Results

• Revenue: CA$1.71m (down 23% from 3Q 2022).
• Net income: CA$1.04m (up from CA$3.63m loss in 3Q 2022).
• Profit margin: 61% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses.
• EPS: CA$0.009 (up from CA$0.032 loss in 3Q 2022).

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

Else Nutrition Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 69% p.a. on average during the next 2 years, compared to a 4.3% decline forecast for the Food industry in Canada.

Performance of the Canadian Food industry.

The company's shares are up 7.7% from a week ago.

Risk Analysis

We should say that we've discovered 5 warning signs for Else Nutrition Holdings (3 can't be ignored!) that you should be aware of before investing here.

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