Armada Data Second Quarter 2023 Earnings: CA$0.006 loss per share (vs CA$0.002 loss in 2Q 2022)

Armada Data (CVE:ARD) Second Quarter 2023 Results

Key Financial Results

  • Revenue: CA$539.1k (down 18% from 2Q 2022).

  • Net loss: CA$111.4k (loss widened by 260% from 2Q 2022).

  • CA$0.006 loss per share (further deteriorated from CA$0.002 loss in 2Q 2022).

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

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

Armada Data shares are down 20% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Armada Data (3 don't sit too well with us!) that you need to be mindful of.

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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.

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