Stock Analysis
- Canada
- /
- Specialty Stores
- /
- TSX:NOVC
Nova Cannabis First Quarter 2024 Earnings: CA$0.01 loss per share (vs CA$0.01 loss in 1Q 2023)
Nova Cannabis (TSE:NOVC) First Quarter 2024 Results
Key Financial Results
- Revenue: CA$64.3m (up 6.8% from 1Q 2023).
- Net loss: CA$333.0k (loss narrowed by 39% from 1Q 2023).
- CA$0.01 loss per share (in line with 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nova Cannabis Earnings Insights
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Specialty Retail industry in Canada.
Performance of the Canadian Specialty Retail industry.
The company's shares are down 3.7% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Nova Cannabis that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:NOVC
Nova Cannabis
Operates retail cannabis stores with a focus on the recreational-use cannabis market in Canada.
Adequate balance sheet and fair value.