Litium Third Quarter 2024 Earnings: Revenues Miss Expectations

Litium (STO:LITI) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr18.7m (up 1.5% from 3Q 2023).
• Net income: kr89.8k (up from kr532.8k loss in 3Q 2023).
• Profit margin: 0.5% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses.

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

Litium Revenues Disappoint

Revenue missed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to grow 7.0% 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 down 2.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Litium that we have uncovered.

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