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Steer Technologies First Quarter 2024 Earnings: CA$0.011 loss per share (vs CA$0.24 profit in 1Q 2023)

Steer Technologies (CVE:STER) First Quarter 2024 Results

Key Financial Results

  • Revenue: CA$511.1k (down 97% from 1Q 2023).

  • Net loss: CA$1.53m (down by 105% from CA$30.3m profit in 1Q 2023).

  • CA$0.011 loss per share (down from CA$0.24 profit in 1Q 2023).

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

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

Steer Technologies' share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Steer Technologies (at least 3 which are concerning), and understanding them should be part of your investment process.

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.