Sotkamo Silver Second Quarter 2024 Earnings: Misses Expectations

Sotkamo Silver (NGM:SOSI) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr96.6m (down 19% from 2Q 2023).
• Net loss: kr34.0m (down by 299% from kr17.1m profit in 2Q 2023).
• kr0.12 loss per share (down from kr0.06 profit in 2Q 2023).

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

Sotkamo Silver Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 23%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Metals and Mining industry in Sweden.

Performance of the Swedish Metals and Mining industry.

The company's shares are down 38% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Sotkamo Silver (1 is a bit concerning!) that we have uncovered.

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