PopReach Second Quarter 2023 Earnings: US$0.018 loss per share (vs US$0.007 loss in 2Q 2022)

PopReach (CVE:POPR) Second Quarter 2023 Results

Key Financial Results

• Revenue: US$39.1m (up 89% from 2Q 2022).
• Net loss: US$4.98m (loss widened by 245% from 2Q 2022).
• US$0.018 loss per share (further deteriorated from US$0.007 loss in 2Q 2022).

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

PopReach Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Entertainment industry in Canada.

Performance of the Canadian Entertainment industry.

The company's shares are up 12% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for PopReach (1 is a bit unpleasant!) that you need to take into consideration.

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