CodeMill Third Quarter 2023 Earnings: kr0.042 loss per share (vs kr0.11 loss in 3Q 2022)
CodeMill (STO:CDMIL) Third Quarter 2023 Results
Key Financial Results
- Revenue: kr19.3m (up 30% from 3Q 2022).
- Net loss: kr566.0k (loss narrowed by 61% from 3Q 2022).
- kr0.042 loss per share (improved from kr0.11 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CodeMill Earnings Insights
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 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 11% 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 CodeMill (1 is a bit concerning!) 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:CDMIL
CodeMill
A tech company, provides media workflow applications in Sweden and internationally.
Excellent balance sheet with acceptable track record.
