WeCommerce Holdings Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

WeCommerce Holdings (CVE:WE) Full Year 2022 Results

Key Financial Results

• Revenue: CA$48.5m (up 26% from FY 2021).
• Net loss: CA$22.6m (loss widened by CA$21.8m from FY 2021).
• CA$0.55 loss per share (further deteriorated from CA$0.022 loss in FY 2021).

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

WeCommerce Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 75%.

Looking ahead, revenue is forecast to grow 17% 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 1.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for WeCommerce Holdings that we have uncovered.

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