TomTom (AMS:TOM2) First Quarter 2024 Results

Key Financial Results

• Revenue: €139.3m (down 1.0% from 1Q 2023).

• Net loss: €4.87m (down by 264% from €2.97m profit in 1Q 2023).

• €0.04 loss per share (down from €0.023 profit in 1Q 2023).

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

TomTom Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software industry in Europe.

Performance of the market in the Netherlands.

The company's shares are down 25% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for TomTom that you need to be mindful of.

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