VerticalScope Holdings (TSE:FORA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$16.7m (up 14% from 2Q 2023).

• Net income: US$423.1k (up from US$2.01m loss in 2Q 2023).

• Profit margin: 2.5% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.

• EPS: US$0.02 (up from US$0.094 loss in 2Q 2023).

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

VerticalScope Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in North America.

Performance of the market in Canada.

The company's shares are up 8.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for VerticalScope Holdings you should be aware of.

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