Nova Cannabis (TSE:NOVC) Second Quarter 2024 Results
Key Financial Results
- Revenue: CA$69.2m (up 8.1% from 2Q 2023).
- Net income: CA$859.0k (down 17% from 2Q 2023).
- Profit margin: 1.2% (down from 1.6% in 2Q 2023).
- EPS: CA$0.01 (down from CA$0.018 in 2Q 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 14% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Specialty Retail industry in Canada.
Performance of the Canadian Specialty Retail industry.
The company’s shares are up 2.4% from a week ago.
Risk Analysis
Before we wrap up, we’ve discovered 3 warning signs for Nova Cannabis that you should be aware of.
Valuation is complex, but we’re here to simplify it.
Discover if Nova Cannabis might be undervalued or overvalued with our…
