Farmers Edge Third Quarter 2023 Earnings: CA$0.43 loss per share (vs CA$0.50 loss in 3Q 2022)
Farmers Edge (TSE:FDGE) Third Quarter 2023 Results
Key Financial Results
- Revenue: CA$4.43m (down 26% from 3Q 2022).
- Net loss: CA$17.9m (loss narrowed by 15% from 3Q 2022).
- CA$0.43 loss per share (improved from CA$0.50 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Farmers Edge Earnings Insights
Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Canada.
Performance of the Canadian Software industry.
The company's shares are down 4.8% from a week ago.
Risk Analysis
Before you take the next step you should know about the 4 warning signs for Farmers Edge that we have uncovered.
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About TSX:FDGE
Farmers Edge
Farmers Edge Inc. develops digital agriculture solutions in Canada, the United States, Brazil, Australia, and internationally.
Slightly overvalued with weak fundamentals.