Exsitec Holding Third Quarter 2024 Earnings: Misses Expectations

Exsitec Holding (STO:EXS) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr161.2m (up 5.1% from 3Q 2023).
• Net loss: kr3.76m (down by 323% from kr1.69m profit in 3Q 2023).
• kr0.28 loss per share (down from kr0.13 profit in 3Q 2023).

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

Exsitec Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, while revenues in the IT industry in Sweden are expected to remain flat.

Performance of the Swedish IT industry.

The company's shares are down 15% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Exsitec Holding that you should be aware 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.