In This Article:
Digihost Technology (CVE:DGHI) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$9.18m (up 71% from 3Q 2023).
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Net loss: US$6.41m (down from US$136.1k profit in 3Q 2023).
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US$0.21 loss per share (down from US$0.005 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Digihost Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 67%.
Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada.
Performance of the Canadian Software industry.
The company's shares are up 3.9% from a week ago.
Risk Analysis
We should say that we've discovered 6 warning signs for Digihost Technology (2 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.