SYZYGY Second Quarter 2024 Earnings: Revenues In Line With Expectations

SYZYGY (ETR:SYZ) Second Quarter 2024 Results

Key Financial Results

• Revenue: €17.4m (flat on 2Q 2023).
• Net income: €724.0k (up from €4.01m loss in 2Q 2023).
• Profit margin: 4.2% (up from net loss in 2Q 2023).

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

SYZYGY Meets Expectations

Revenue was in line with analyst estimates.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany.

Performance of the German Media industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for SYZYGY that you need to be mindful of.

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