Qlosr Group Second Quarter 2024 Earnings: Revenues Miss Expectations
Qlosr Group (STO:QLOSR B) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr131.6m (down 17% from 2Q 2023).
- Net loss: kr27.3m (loss widened by 118% from 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Qlosr Group Revenues Disappoint
Revenue missed analyst estimates by 27%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the IT industry in Sweden.
Performance of the Swedish IT industry.
The company's shares are down 39% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 5 warning signs for Qlosr Group (3 are concerning) you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Qlosr Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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:QLOSR B
Undervalued moderate.
