Pexip Holding Second Quarter 2024 Earnings: Beats Expectations
Pexip Holding (OB:PEXIP) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr265.6m (up 14% from 2Q 2023).
- Net income: kr7.03m (up from kr19.2m loss in 2Q 2023).
- Profit margin: 2.6% (up from net loss in 2Q 2023).
- EPS: kr0.07 (up from kr0.19 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pexip Holding Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Norway.
Performance of the Norwegian Software industry.
The company's shares are up 14% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Pexip Holding's balance sheet.
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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.
About OB:PEXIP
Pexip Holding
A video technology company, provides end-to-end video conferencing platform and digital infrastructure worldwide.
Flawless balance sheet with reasonable growth potential.