Enrad Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Enrad (NGM:ENRAD) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr12.8m (up 385% from 2Q 2023).
• Net income: kr799.0k (up from kr2.38m loss in 2Q 2023).
• Profit margin: 6.2% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
• EPS: kr0.03 (up from kr0.097 loss in 2Q 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 41% 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 up 2.0% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Enrad (1 is a bit unpleasant!) that you should be aware of before investing here.

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