Northbaze Group Second Quarter 2024 Earnings: kr0.002 loss per share (vs kr0.05 loss in 2Q 2023)

Northbaze Group (STO:NBZ) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr37.3m (up 67% from 2Q 2023).
• Net loss: kr386.0k (loss narrowed by 95% from 2Q 2023).
• kr0.002 loss per share (improved from kr0.05 loss in 2Q 2023).

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

Northbaze Group Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Consumer Durables industry in Sweden.

Performance of the Swedish Consumer Durables industry.

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

Risk Analysis

You still need to take note of risks, for example - Northbaze Group has 3 warning signs (and 2 which can't be ignored) we think you should know about.

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

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.