Rivalry (CVE:RVLY) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$4.65m (down 45% from 2Q 2023).

• Net loss: CA$5.37m (loss narrowed by 15% from 2Q 2023).

• CA$0.082 loss per share (improved from CA$0.10 loss in 2Q 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 42%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 86% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Hospitality industry in Canada.

Performance of the Canadian Hospitality industry.

The company's shares are down 23% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 5 warning signs for Rivalry (1 is significant!) that you should be aware of.

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