Organto Foods Third Quarter 2023 Earnings: CA$0.054 loss per share (vs CA$0.073 loss in 3Q 2022)

Organto Foods (CVE:OGO) Third Quarter 2023 Results

Key Financial Results

• Revenue: CA$6.38m (up 40% from 3Q 2022).
• Net loss: CA$1.54m (loss narrowed by 25% from 3Q 2022).
• CA$0.054 loss per share (improved from CA$0.073 loss in 3Q 2022).

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

Organto Foods Earnings Insights

Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Food industry in Canada.

Performance of the Canadian Food industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Organto Foods that you need to be mindful of.

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