Minesto Second Quarter 2024 Earnings: kr0.061 loss per share (vs kr0.026 loss in 2Q 2023)

Minesto (STO:MINEST) Second Quarter 2024 Results

Key Financial Results

• Net loss: kr11.6m (loss widened by 179% from 2Q 2023).
• kr0.061 loss per share (further deteriorated from kr0.026 loss in 2Q 2023).

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

Minesto Earnings Insights

Looking ahead, revenue is forecast to grow 129% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electrical industry in Sweden.

Performance of the Swedish Electrical industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Minesto (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.

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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.