Knowit (STO:KNOW) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr1.33b (down 14% from 3Q 2023).
- Net income: kr3.20m (down 89% from 3Q 2023).
- Profit margin: 0.2% (down from 1.9% in 3Q 2023). The decrease in margin was driven by lower revenue.
- EPS: kr0.12 (down from kr1.08 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Knowit Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 79%.
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the IT industry in Sweden.
Performance of the Swedish IT industry.
The company's shares are down 13% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Knowit that you should be aware of before investing here.
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About OM:KNOW
Knowit
A consultancy company, engages in the development of digital solutions.
Excellent balance sheet with reasonable growth potential.