Integrated Wind Solutions First Quarter 2024 Earnings: Misses Expectations

Integrated Wind Solutions (OB:IWS) First Quarter 2024 Results

Key Financial Results

• Revenue: €5.40m (down 1.1% from 1Q 2023).
• Net loss: €2.61m (loss widened by 275% from 1Q 2023).
• €0.067 loss per share (further deteriorated from €0.02 loss in 1Q 2023).

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

Integrated Wind Solutions Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 50%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Construction industry in Norway.

Performance of the Norwegian Construction industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Integrated Wind Solutions has 1 warning sign we think you should be aware of.

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