Stock Analysis
SATO Technologies Third Quarter 2024 Earnings: Revenues Disappoint
SATO Technologies (CVE:SATO) Third Quarter 2024 Results
Key Financial Results
- Revenue: CA$2.61m (down 36% from 3Q 2023).
- Net loss: CA$1.72m (loss widened by 121% from 3Q 2023).
- CA$0.02 loss per share (further deteriorated from CA$0.011 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SATO Technologies Earnings Insights
Looking ahead, revenue is expected to decline by 31% 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 19% from a week ago.
Risk Analysis
You should learn about the 4 warning signs we've spotted with SATO Technologies (including 2 which are a bit concerning).
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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 TSXV:SATO
SATO Technologies
A blockchain company, engages in the cryptocurrency mining in Canada.
