Gigasun Second Quarter 2024 Earnings: EPS: kr0.10 (vs kr0.97 loss in 2Q 2023)

Gigasun (STO:GIGA) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr64.7m (up 22% from 2Q 2023).
• Net income: kr5.95m (up from kr38.4m loss in 2Q 2023).
• Profit margin: 9.2% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses.
• EPS: kr0.10 (up from kr0.97 loss in 2Q 2023).

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

Gigasun Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Renewable Energy industry in Europe.

Performance of the market in Sweden.

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

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Gigasun you should know about.

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