W5 Solutions Second Quarter 2024 Earnings: Misses Expectations

W5 Solutions (STO:W5) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr99.7m (down 13% from 2Q 2023).
• Net loss: kr10.6m (down by 279% from kr5.94m profit in 2Q 2023).
• kr0.70 loss per share (down from kr0.44 profit in 2Q 2023).

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

W5 Solutions Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 17%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Sweden.

Performance of the Swedish Aerospace & Defense industry.

The company's shares are down 18% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for W5 Solutions that you should be aware of before investing here.

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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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com