Yubico Third Quarter 2024 Earnings: Misses Expectations

Yubico (STO:YUBICO) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr589.9m (up 44% from 3Q 2023).
• Net income: kr81.2m (up from kr68.3m loss in 3Q 2023).
• Profit margin: 14% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: kr0.94 (up from kr1.29 loss in 3Q 2023).

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

Yubico Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 20% 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 share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Yubico, and understanding these should be part of your investment process.

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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.