Parkit Enterprise Third Quarter 2024 Earnings: CA$0.009 loss per share (vs CA$0.003 loss in 3Q 2023)

Parkit Enterprise (CVE:PKT) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$7.67m (up 15% from 3Q 2023).
• Net loss: CA$2.12m (loss widened by 167% from 3Q 2023).
• CA$0.009 loss per share (further deteriorated from CA$0.003 loss in 3Q 2023).

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

Parkit Enterprise Earnings Insights

Looking ahead, revenue is expected to decline by 23% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Canada are expected to grow by 5.8%.

Performance of the Canadian Real Estate industry.

The company's shares are down 7.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Parkit Enterprise (2 make us uncomfortable) you should be aware of.

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