Stock Analysis

SSH Communications Security Oyj First Quarter 2024 Earnings: Misses Expectations

Simply Wall St

April 25, 2024

SSH Communications Security Oyj (HEL:SSH1V) First Quarter 2024 Results

Key Financial Results

Revenue: €5.00m (up 4.2% from 1Q 2023).
Net loss: €800.0k (loss narrowed by 11% from 1Q 2023).
€0.03 loss per share (in line with 1Q 2023).

earnings-and-revenue-history — HLSE:SSH1V Earnings and Revenue History April 25th 2024

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

SSH Communications Security Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 200%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in Finland.

Performance of the Finnish Software industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for SSH Communications Security Oyj (of which 2 are potentially serious!) you should know about.

Valuation is complex, but we're helping make it simple.

Find out whether SSH Communications Security Oyj is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.