Stock Analysis
LumenRadio (STO:LUMEN) First Quarter 2024 Results
Key Financial Results
- Revenue: kr46.8m (down 27% from 1Q 2023).
- Net income: kr1.94m (down 84% from 1Q 2023).
- Profit margin: 4.1% (down from 19% in 1Q 2023). The decrease in margin was driven by lower revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
LumenRadio shares are down 7.6% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on LumenRadio's balance sheet.
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About OM:LUMEN
LumenRadio
LumenRadio AB (publ), a technology company, develops and sells wireless product-to-product connections for mission-critical applications within the Internet of Things.
Excellent balance sheet and slightly overvalued.
