Elliptic Laboratories Second Quarter 2024 Earnings: EPS: kr0.04 (vs kr0.04 in 2Q 2023)

Elliptic Laboratories (OB:ELABS) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr34.2m (up 3.2% from 2Q 2023).
• Net income: kr4.75m (up 19% from 2Q 2023).
• Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: kr0.04 (in line with 2Q 2023).

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

Elliptic Laboratories Earnings Insights

Looking ahead, revenue is forecast to grow 90% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Norway.

Performance of the Norwegian Software industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Elliptic Laboratories that we have uncovered.

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