Witted Megacorp Oyj (HEL:WITTED) Third Quarter 2024 Results
Key Financial Results
- Revenue: €11.4m (down 16% from 3Q 2023).
- Net loss: €63.0k (loss narrowed by 92% from 3Q 2023).
- €0.004 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Witted Megacorp Oyj Earnings Insights
Looking ahead, revenue is expected to decline by 1.5% p.a. on average during the next 2 years, while revenues in the IT industry in Finland are expected to grow by 2.5%.
Performance of the Finnish IT industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Witted Megacorp Oyj (including 1 which can't be ignored).
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.
Access Free AnalysisHave 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.
About HLSE:WITTED
Witted Megacorp Oyj
Operates as a software development company in Finland, Norway, and Sweden.
Flawless balance sheet and slightly overvalued.
