Bittium Oyj Third Quarter 2024 Earnings: Misses Expectations

Bittium Oyj (HEL:BITTI) Third Quarter 2024 Results

Key Financial Results

• Revenue: €14.0m (flat on 3Q 2023).
• Net loss: €600.0k (loss narrowed by 75% from 3Q 2023).
• €0.016 loss per share (improved from €0.066 loss in 3Q 2023).

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

Bittium Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 26%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland.

Performance of the Finnish Software industry.

The company's shares are up 1.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Bittium Oyj's balance sheet and an in-depth analysis of the company's financial position.

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