SenseTime Group First Half 2024 Earnings: Misses Expectations

SenseTime Group (HKG:20) First Half 2024 Results

Key Financial Results

• Revenue: CN¥1.74b (up 21% from 1H 2023).
• Net loss: CN¥2.46b (loss narrowed by 21% from 1H 2023).
• CN¥0.076 loss per share (improved from CN¥0.098 loss in 1H 2023).

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

SenseTime Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 60%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Hong Kong.

Performance of the Hong Kong Software industry.

The company's shares are up 25% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for SenseTime Group you should be aware of.

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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.