Goodtech Third Quarter 2024 Earnings: kr0.16 loss per share (vs kr0.007 loss in 3Q 2023)

Goodtech (OB:GOD) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr147.7m (down 31% from 3Q 2023).
• Net loss: kr4.40m (loss widened by kr4.20m from 3Q 2023).
• kr0.16 loss per share (further deteriorated from kr0.007 loss in 3Q 2023).

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

Goodtech Earnings Insights

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Norway.

Performance of the Norwegian Machinery industry.

The company's shares are down 13% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Goodtech you should be aware of.

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