Else Nutrition Holdings (TSE:BABY) Third Quarter 2023 Results
Key Financial Results
- Revenue: CA$1.71m (down 23% from 3Q 2022).
- Net income: CA$1.04m (up from CA$3.63m loss in 3Q 2022).
- Profit margin: 61% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses.
- EPS: CA$0.009 (up from CA$0.032 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Else Nutrition Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 69% p.a. on average during the next 2 years, compared to a 4.3% decline forecast for the Food industry in Canada.
Performance of the Canadian Food industry.
The company’s shares are up 7.7% from a week ago.
Risk Analysis
We should say that we’ve discovered 5 warning signs for Else Nutrition Holdings (3 can’t be ignored!) that you should be aware of before investing here.
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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.