High Tide (CVE:HITI) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$131.7m (up 5.9% from 3Q 2023).

• Net income: CA$717.0k (up from CA$3.57m loss in 3Q 2023).

• Profit margin: 0.5% (up from net loss in 3Q 2023).

• EPS: CA$0.01 (up from CA$0.048 loss in 3Q 2023).

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

High Tide Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Pharmaceuticals industry in Canada.

Performance of the Canadian Pharmaceuticals industry.

The company's shares are down 2.7% from a week ago.

Risk Analysis

Be aware that High Tide is showing 2 warning signs in our investment analysis that you should know about...

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