RediShred Capital (CVE:KUT) Full Year 2023 Results

Key Financial Results

• Revenue: CA$65.9m (up 15% from FY 2022).

• Net loss: CA$529.0k (down by 109% from CA$5.87m profit in FY 2022).

• CA$0.029 loss per share (down from CA$0.32 profit in FY 2022).

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

RediShred Capital Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Commercial Services industry in Canada.

Performance of the Canadian Commercial Services industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for RediShred Capital (1 is significant!) that you should be aware of before investing here.

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