Seco (BIT:IOT) Third Quarter 2024 Results
Key Financial Results
- Revenue: €45.4m (down 7.6% from 3Q 2023).
- Net loss: €4.92m (down by 440% from €1.45m profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Seco Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Tech industry in Italy.
Performance of the Italian Tech industry.
The company's shares are down 3.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Seco that you need to take into consideration.
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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.
About BIT:IOT
Excellent balance sheet with reasonable growth potential.
