Covalon Technologies Third Quarter 2024 Earnings: EPS: CA$0.06 (vs CA$0.02 loss in 3Q 2023)

Covalon Technologies (CVE:COV) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$9.22m (up 47% from 3Q 2023).
• Net income: CA$1.45m (up from CA$501.8k loss in 3Q 2023).
• Profit margin: 16% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: CA$0.06 (up from CA$0.02 loss in 3Q 2023).

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

Covalon Technologies shares are up 23% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Covalon Technologies (at least 1 which makes us a bit uncomfortable), and understanding them should be part of your investment process.

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