Midsummer Third Quarter 2024 Earnings: kr0.053 loss per share (vs kr0.56 loss in 3Q 2023)

Midsummer (STO:MIDS) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr27.3m (up 67% from 3Q 2023).
• Net loss: kr9.88m (loss narrowed by 81% from 3Q 2023).
• kr0.053 loss per share (improved from kr0.56 loss in 3Q 2023).

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

Midsummer Earnings Insights

Looking ahead, revenue is forecast to grow 82% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe.

Performance of the market in Sweden.

The company's shares are up 29% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 5 warning signs for Midsummer (1 is a bit concerning!) that you need to be mindful of.

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