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Nova Cannabis Past Earnings Performance
Past criteria checks 2/6
Nova Cannabis has been growing earnings at an average annual rate of 25.6%, while the Specialty Retail industry saw earnings growing at 21.3% annually. Revenues have been growing at an average rate of 30.4% per year. Nova Cannabis's return on equity is 5.3%, and it has net margins of 1.1%.
Key information
25.6%
Earnings growth rate
49.4%
EPS growth rate
| Specialty Retail Industry Growth | 18.2% |
| Revenue growth rate | 30.4% |
| Return on equity | 5.3% |
| Net Margin | 1.1% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Positive Sentiment Still Eludes Nova Cannabis Inc. (TSE:NOVC) Following 26% Share Price Slump
Apr 26
Sentiment Still Eluding Nova Cannabis Inc. (TSE:NOVC)
Feb 29Nova Cannabis (TSE:NOVC) Has A Somewhat Strained Balance Sheet
Jan 24Nova Cannabis Inc.'s (TSE:NOVC) Intrinsic Value Is Potentially 86% Above Its Share Price
Dec 20A Piece Of The Puzzle Missing From Nova Cannabis Inc.'s (TSE:NOVC) Share Price
Jul 14Revenue & Expenses Breakdown
How Nova Cannabis makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 269 | 3 | 44 | 0 |
| 31 Mar 24 | 263 | 3 | 41 | 0 |
| 31 Dec 23 | 259 | 3 | 39 | 0 |
| 30 Sep 23 | 253 | -2 | 39 | 0 |
| 30 Jun 23 | 244 | -6 | 40 | 0 |
| 31 Mar 23 | 237 | -8 | 38 | 0 |
| 31 Dec 22 | 226 | -11 | 36 | 0 |
| 30 Sep 22 | 213 | -12 | 34 | 0 |
| 30 Jun 22 | 192 | -16 | 31 | 0 |
| 31 Mar 22 | 166 | -22 | 31 | 0 |
| 31 Dec 21 | 134 | -21 | 27 | 0 |
| 30 Sep 21 | 104 | -19 | 24 | 0 |
| 30 Jun 21 | 81 | -11 | 20 | 0 |
| 31 Mar 21 | 66 | -4 | 16 | 0 |
| 31 Dec 20 | 63 | -2 | 15 | 0 |
| 30 Sep 20 | 59 | -3 | 14 | 0 |
| 31 Dec 19 | 41 | -9 | 12 | 0 |
| 31 Dec 18 | 10 | -11 | 11 | 0 |
Quality Earnings: NOVC has a large one-off loss of CA$3.2M impacting its last 12 months of financial results to 30th June, 2024.
Growing Profit Margin: NOVC became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NOVC has become profitable over the past 5 years, growing earnings by 25.6% per year.
Accelerating Growth: NOVC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NOVC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-14.1%).
Return on Equity
High ROE: NOVC's Return on Equity (5.3%) is considered low.