Healwell AI Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Healwell AI (TSE:AIDX) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$13.7m (up 399% from 3Q 2023).
• Net loss: CA$10.6m (loss widened by 39% from 3Q 2023).
• CA$0.06 loss per share.

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

Healwell AI Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Healthcare industry in Canada.

Performance of the Canadian Healthcare industry.

The company's shares are up 11% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Healwell AI (including 1 which is potentially serious).

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