NowVertical Group (CVE:NOW) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$12.3m (down 20% from 2Q 2023).

• Net income: US$1.94m (up from US$1.38m loss in 2Q 2023).

• Profit margin: 16% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses.

• EPS: US$0.024 (up from US$0.018 loss in 2Q 2023).

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

NowVertical Group Earnings Insights

Looking ahead, revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Software industry in Canada are expected to grow by 17%.

Performance of the Canadian Software industry.

The company's shares are up 21% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for NowVertical Group that you should be aware of.

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