Spartan Delta (TSE:SDE) Third Quarter 2023 Results

Key Financial Results

• Revenue: CA$75.9m (down 76% from 3Q 2022).

• Net income: CA$9.01m (down 97% from 3Q 2022).

• Profit margin: 12% (down from 90% in 3Q 2022).

• EPS: CA$0.05 (down from CA$1.84 in 3Q 2022).

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

Spartan Delta Earnings Insights

Looking ahead, revenue is expected to decline by 70% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 5.1%.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 19% from a week ago.

Risk Analysis

Be aware that Spartan Delta is showing 3 warning signs in our investment analysis and 2 of those are significant...

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