Nova Cannabis (TSE:NOVC) First Quarter 2024 Results
Key Financial Results
- Revenue: CA$64.3m (up 6.8% from 1Q 2023).
- Net loss: CA$333.0k (loss narrowed by 39% from 1Q 2023).
- CA$0.01 loss per share (in line with 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nova Cannabis Earnings Insights
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Specialty Retail industry in Canada.
Performance of the Canadian Specialty Retail industry.
The company’s shares are down 3.7% from a week ago.
Risk Analysis
We should say that we’ve discovered 2 warning signs for Nova Cannabis that you should be aware of before investing here.
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