StorageVault Canada Second Quarter 2024 Earnings: CA$0.023 loss per share (vs CA$0.033 profit in 2Q 2023)

[email protected] (Simply Wall St)
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StorageVault Canada (TSE:SVI) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CA$74.1m (up 4.0% from 2Q 2023).

  • Net loss: CA$8.69m (down by 169% from CA$12.6m profit in 2Q 2023).

  • CA$0.023 loss per share (down from CA$0.033 profit in 2Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

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

StorageVault Canada Earnings Insights

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Real Estate industry in Canada.

Performance of the Canadian Real Estate industry.

The company's shares are down 6.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of StorageVault Canada's balance sheet and an in-depth analysis of the company's financial position.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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