WonderFi Technologies Second Quarter 2023 Earnings: Beats Expectations

In this article:

WonderFi Technologies (TSE:WNDR) Second Quarter 2023 Results

Key Financial Results

  • Net loss: CA$3.49m (flat on 2Q 2022).

  • CA$0.014 loss per share.

earnings-and-revenue-growth
earnings-and-revenue-growth

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

WonderFi Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 75%.

Looking ahead, revenue is forecast to grow 60% p.a. on average during the next 2 years, compared to a 1.1% growth forecast for the Capital Markets industry in Canada.

Performance of the Canadian Capital Markets industry.

The company's shares are down 5.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - WonderFi Technologies has 5 warning signs (and 2 which can't be ignored) we think you should know about.

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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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