Quorum Information Technologies Second Quarter 2024 Earnings: EPS: CA$0.005 (vs CA$0.007 in 2Q 2023)
Quorum Information Technologies (CVE:QIS) Second Quarter 2024 Results
Key Financial Results
- Revenue: CA$9.95m (flat on 2Q 2023).
- Net income: CA$389.0k (down 22% from 2Q 2023).
- Profit margin: 3.9% (down from 4.9% in 2Q 2023).
- EPS: CA$0.005 (down from CA$0.007 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Quorum Information Technologies Earnings Insights
Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Canada.
Performance of the Canadian Software industry.
The company's shares are up 5.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Quorum Information Technologies that you need to take into consideration.
Valuation is complex, but we're here to simplify it.
Discover if Quorum Information Technologies might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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 TSXV:QIS
Quorum Information Technologies
An information technology company, focuses on the automotive retail business in Canada and the United States.
Adequate balance sheet and slightly overvalued.