Carasent First Quarter 2024 Earnings: kr0.15 loss per share (vs kr0.01 loss in 1Q 2023)

Carasent (OB:CARA) First Quarter 2024 Results

Key Financial Results

• Revenue: kr66.9m (up 12% from 1Q 2023).
• Net loss: kr10.6m (loss widened by kr9.52m from 1Q 2023).
• kr0.15 loss per share (further deteriorated from kr0.01 loss in 1Q 2023).

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

Carasent Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Healthcare Services industry in Europe.

Performance of the market in Norway.

The company's shares are up 41% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Carasent (2 can't be ignored!) that you need to be mindful of.

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