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Pivotree First Quarter 2024 Earnings: Misses Expectations

Pivotree (CVE:PVT) First Quarter 2024 Results

Key Financial Results

  • Revenue: CA$20.9m (down 16% from 1Q 2023).

  • Net loss: CA$2.19m (loss widened by 54% from 1Q 2023).

  • CA$0.083 loss per share (further deteriorated from CA$0.053 loss in 1Q 2023).

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

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 5.4%. Earnings per share (EPS) also missed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the IT industry in North America.

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Performance of the market in Canada.

The company's shares are up 2.4% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Pivotree, and understanding these should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.