Stock Analysis

Advenica First Quarter 2024 Earnings: kr0.03 loss per share (vs kr0.17 profit in 1Q 2023)

Simply Wall St

April 27, 2024

Advenica (STO:ADVE) First Quarter 2024 Results

Key Financial Results

Revenue: kr32.9m (down 28% from 1Q 2023).
Net loss: kr1.30m (down by 117% from kr7.55m profit in 1Q 2023).
kr0.03 loss per share (down from kr0.17 profit in 1Q 2023).

earnings-and-revenue-history — OM:ADVE Earnings and Revenue History April 27th 2024

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

Advenica Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Sweden.

Performance of the Swedish Software industry.

The company's shares are up 8.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Advenica (of which 1 shouldn't be ignored!) you should know about.

Valuation is complex, but we're helping make it simple.

Find out whether Advenica is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

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.