Firan Technology Group (TSE:FTG) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$43.1m (up 18% from 3Q 2023).

• Net income: CA$2.76m (up 109% from 3Q 2023).

• Profit margin: 6.4% (up from 3.6% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: CA$0.12 (up from CA$0.055 in 3Q 2023).

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

Firan Technology Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Canada.

Performance of the Canadian Electronic industry.

The company's shares are up 13% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Firan Technology Group's balance sheet and an in-depth analysis of the company's financial position.

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