Witted Megacorp Oyj (HEL:WITTED) Second Quarter 2024 Results
Key Financial Results
- Revenue: €13.8m (down 16% from 2Q 2023).
- Net income: €120.0k (up from €630.0k loss in 2Q 2023).
- Profit margin: 0.9% (up from net loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Witted Megacorp Oyj Earnings Insights
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the IT industry in Finland.
Performance of the Finnish IT industry.
The company's shares are up 12% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Witted Megacorp Oyj.
Valuation is complex, but we're here to simplify it.
Discover if Witted Megacorp Oyj might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About HLSE:WITTED
Witted Megacorp Oyj
Operates as a software development company in Finland, Norway, and Sweden.
Undervalued with excellent balance sheet.