Enrad (NGM:ENRAD) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr8.19m (up 118% from 3Q 2023).
- Net loss: kr261.0k (loss narrowed by 77% from 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Enrad Earnings Insights
Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Sweden.
Performance of the Swedish Machinery industry.
The company's shares are down 23% 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 Enrad (1 is potentially serious!) that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if Enrad might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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 NGM:ENRAD
Enrad
Provides eco-friendly refrigeration units and heat pumps in Sweden.
Exceptional growth potential with flawless balance sheet.
