CodeMill Third Quarter 2024 Earnings: EPS: kr0.16 (vs kr0.042 loss in 3Q 2023)

CodeMill (STO:CDMIL) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr23.3m (up 24% from 3Q 2023).
• Net income: kr2.21m (up from kr566.0k loss in 3Q 2023).
• Profit margin: 9.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: kr0.16 (up from kr0.042 loss in 3Q 2023).

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

CodeMill Earnings Insights

Looking ahead, revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Software industry in Sweden are expected to grow by 15%.

Performance of the Swedish Software industry.

The company's shares are down 6.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for CodeMill you should be aware of.

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