Wishpond Technologies Full Year 2023 Earnings: EPS Misses Expectations

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Wishpond Technologies (CVE:WISH) Full Year 2023 Results

Key Financial Results

  • Revenue: CA$23.1m (up 13% from FY 2022).

  • Net loss: CA$1.89m (loss widened by 8.0% from FY 2022).

  • CA$0.035 loss per share (further deteriorated from CA$0.033 loss in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Wishpond Technologies EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.1%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Canada.

Performance of the Canadian Software industry.

The company's shares are down 17% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Wishpond Technologies (of which 1 is a bit unpleasant!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.