Pivotree (CVE:PVT) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$20.3m (down 11% from 2Q 2023).

• Net loss: CA$4.40m (loss widened by 70% from 2Q 2023).

• CA$0.17 loss per share (further deteriorated from CA$0.097 loss in 2Q 2023).

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

Pivotree Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the IT industry in North America.

Performance of the market in Canada.

The company's shares are down 3.8% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Pivotree that you should be aware of before investing here.

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