Netmore Group Reports Second Quarter 2023 Earnings

Netmore Group (STO:NETM B) Second Quarter 2023 Results

Key Financial Results

• Revenue: kr21.6m (up 83% from 2Q 2022).
• Net loss: kr14.0m (loss narrowed by 14% from 2Q 2022).

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

Netmore Group Earnings Insights

Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Wireless Telecom industry in Europe.

Performance of the market in Sweden.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Netmore Group you should be aware of, and 2 of them make us uncomfortable.

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