Upsales Technology Second Quarter 2024 Earnings: EPS: kr0.21 (vs kr0.47 in 2Q 2023)

Upsales Technology (STO:UPSALE) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr36.9m (down 4.2% from 2Q 2023).
• Net income: kr3.47m (down 56% from 2Q 2023).
• Profit margin: 9.4% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: kr0.21 (down from kr0.47 in 2Q 2023).

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

Upsales Technology Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden.

Performance of the Swedish Software industry.

The company's shares are down 5.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Upsales Technology (1 makes us a bit uncomfortable!) that you need to be mindful 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.

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