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.

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