Stock Analysis
Nitro Games Oyj (STO:NITRO) First Quarter 2024 Results
Key Financial Results
- Revenue: €2.67m (up 54% from 1Q 2023).
- Net income: €107.1k (up from €360.5k loss in 1Q 2023).
- Profit margin: 4.0% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nitro Games Oyj Earnings Insights
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Entertainment industry in Sweden.
Performance of the Swedish Entertainment industry.
The company's shares are down 5.7% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Nitro Games Oyj (of which 2 make us uncomfortable!) you should know about.
Valuation is complex, but we're here to simplify it.
Discover if Nitro Games Oyj might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave 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.
About OM:NITRO
Nitro Games Oyj
Develops and publishes games for mobiles in the European Union, North America, the United Kingdom, and internationally.
