Advertisement
UK markets closed
  • NIKKEI 225

    39,103.22
    +486.12 (+1.26%)
     
  • HANG SENG

    18,868.71
    -326.89 (-1.70%)
     
  • CRUDE OIL

    76.88
    -0.69 (-0.89%)
     
  • GOLD FUTURES

    2,334.30
    -58.60 (-2.45%)
     
  • DOW

    39,046.24
    -624.80 (-1.57%)
     
  • Bitcoin GBP

    53,022.94
    -1,844.92 (-3.36%)
     
  • CMC Crypto 200

    1,465.46
    -37.21 (-2.48%)
     
  • NASDAQ Composite

    16,724.47
    -77.07 (-0.46%)
     
  • UK FTSE All Share

    4,543.84
    -16.71 (-0.37%)
     

System1 First Quarter 2024 Earnings: US$0.15 loss per share (vs US$0.37 loss in 1Q 2023)

System1 (NYSE:SST) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$84.9m (down 49% from 1Q 2023).

  • Net loss: US$10.5m (loss narrowed by 69% from 1Q 2023).

  • US$0.15 loss per share (improved from US$0.37 loss 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

System1 Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are down 8.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for System1 that you need to be mindful 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.