SmartCraft Second Quarter 2024 Earnings: Revenues Beat Expectations

Simply Wall St

August 29, 2024

SmartCraft (OB:SMCRT) Second Quarter 2024 Results

Key Financial Results

Revenue: kr133.0m (up 32% from 2Q 2023).
Net income: kr27.0m (down 7.8% from 2Q 2023).
Profit margin: 20% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses.

earnings-and-revenue-growth — OB:SMCRT Earnings and Revenue Growth August 29th 2024

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

SmartCraft Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 17% 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 2.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - SmartCraft has 1 warning sign we think you should be aware of.

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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.