Pyrum Innovations Second Quarter 2024 Earnings: €0.65 loss per share (vs €0.67 loss in 2Q 2023)

Pyrum Innovations (OB:PYRUM) Second Quarter 2024 Results

Key Financial Results

• Revenue: €2.37m (down 52% from 2Q 2023).
• Net loss: €2.10m (loss narrowed by 3.2% from 2Q 2023).
• €0.65 loss per share (improved from €0.67 loss in 2Q 2023).

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

Pyrum Innovations Earnings Insights

Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Europe.

Performance of the market in Norway.

The company's shares are down 3.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Pyrum Innovations (1 doesn't sit too well with us!) that you should be aware of.

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