OverActive Media Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

OverActive Media (CVE:OAM) Full Year 2023 Results

Key Financial Results

• Revenue: CA$15.7m (up 11% from FY 2022).
• Net loss: CA$12.5m (loss narrowed by 66% from FY 2022).
• CA$0.16 loss per share (improved from CA$0.46 loss in FY 2022).

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

OverActive Media EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Entertainment industry in Canada.

Performance of the Canadian Entertainment industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

Be aware that OverActive Media is showing 4 warning signs in our investment analysis and 2 of those can't be ignored...

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