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ARHT Media Full Year 2023 Earnings: Misses Expectations

ARHT Media (CVE:ART) Full Year 2023 Results

Key Financial Results

  • Revenue: CA$4.92m (down 35% from FY 2022).

  • Net loss: CA$11.3m (loss widened by 49% from FY 2022).

  • CA$0.059 loss per share (further deteriorated from CA$0.042 loss in FY 2022).

earnings-and-revenue-history
earnings-and-revenue-history

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

ARHT Media Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Canada.

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Performance of the Canadian Software industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 5 warning signs for ARHT Media (4 can't be ignored!) that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.