TeraWulf Third Quarter 2024 Earnings: Misses Expectations

TeraWulf (NASDAQ:WULF) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$27.1m (up 43% from 3Q 2023).
• Net loss: US$23.0m (loss widened by 19% from 3Q 2023).
• US$0.06 loss per share.

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

TeraWulf Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 83%.

Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for TeraWulf that you need to take into consideration.

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