ContextVision Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

ContextVision (OB:CONTX) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr31.3m (down 6.6% from 3Q 2023).
• Net income: kr5.76m (down 41% from 3Q 2023).
• Profit margin: 18% (down from 29% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: kr0.074 (down from kr0.13 in 3Q 2023).

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

ContextVision EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Healthcare Services industry in Europe.

Performance of the market in Norway.

The company's shares are up 2.7% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with ContextVision (at least 1 which doesn't sit too well with us), and understanding these should be part of your investment process.

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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.