OrganoClick (STO:ORGC) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr28.9m (down 14% from 3Q 2023).
- Net loss: kr4.62m (loss widened by 12% from 3Q 2023).
- kr0.047 loss per share (further deteriorated from kr0.042 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
OrganoClick Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 150%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Sweden.
Performance of the Swedish Chemicals industry.
The company's shares are up 1.4% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for OrganoClick that you need to be mindful of.
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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.
About OM:ORGC
OrganoClick
A green chemical company, develops, manufactures, and sells biobased chemical products for the treatment of technical textile, nonwoven, and wood in Sweden, Other Nordics, The Rest of Europe, Asia, and North America.
Reasonable growth potential very low.
