Rivalry (CVE:RVLY) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$4.51m (down 62% from 1Q 2023).

• Net loss: CA$5.20m (loss widened by 60% from 1Q 2023).

• CA$0.08 loss per share (further deteriorated from CA$0.054 loss in 1Q 2023).

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

Rivalry EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 40%. Earnings per share (EPS) exceeded analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 70% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Hospitality industry in Canada.

Performance of the Canadian Hospitality industry.

The company's shares are down 7.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Rivalry (2 shouldn't be ignored!) that we have uncovered.

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