EverGen Infrastructure Third Quarter 2024 Earnings: Revenues Disappoint

EverGen Infrastructure (CVE:EVGN) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$3.60m (up 57% from 3Q 2023).
• Net loss: CA$333.0k (loss narrowed by 68% from 3Q 2023).
• CA$0.024 loss per share (improved from CA$0.075 loss in 3Q 2023).

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

EverGen Infrastructure Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Gas Utilities industry in North America.

Performance of the market in Canada.

The company's shares are down 4.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - EverGen Infrastructure has 2 warning signs we think you should be aware of.

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