In This Article:
Greenland Technologies Holding (NASDAQ:GTEC) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$18.8m (down 14% from 3Q 2023).
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Net loss: US$684.4k (loss narrowed by 23% from 3Q 2023).
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US$0.05 loss per share (improved from US$0.065 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Greenland Technologies Holding Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 22%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are down 9.5% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Greenland Technologies Holding that you should be aware of.
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