BIGG Digital Assets Third Quarter 2024 Earnings: Misses Expectations

BIGG Digital Assets (CVE:BIGG) Third Quarter 2024 Results

Key Financial Results

• Net loss: CA$12.1m (loss widened by 136% from 3Q 2023).
• CA$0.034 loss per share (further deteriorated from CA$0.02 loss in 3Q 2023).

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

BIGG Digital Assets Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 200%.

Looking ahead, revenue is expected to decline by 8.1% p.a. on average during the next 2 years, while revenues in the Software industry in Canada are expected to grow by 16%.

Performance of the Canadian Software industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 6 warning signs for BIGG Digital Assets (of which 2 shouldn't be ignored!) you should know about.

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