4iG Nyrt First Quarter 2024 Earnings: Ft60.40 loss per share (vs Ft0.27 profit in 1Q 2023)

4iG Nyrt (BUSE:4IG) First Quarter 2024 Results

Key Financial Results

• Revenue: Ft157.7b (up 37% from 1Q 2023).
• Net loss: Ft16.7b (down from Ft80.0m profit in 1Q 2023).
• Ft60.40 loss per share (down from Ft0.27 profit in 1Q 2023).

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

4iG Nyrt Earnings Insights

Looking ahead, revenue is expected to decline by 91% p.a. on average during the next 2 years, while revenues in the IT industry in Europe are expected to grow by 6.3%.

Performance of the market in Hungary.

The company's shares are down 1.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for 4iG Nyrt that you need to be mindful of.

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.