D2L (TSE:DTOL) Third Quarter 2023 Results
Key Financial Results
Revenue: US$42.7m (up 9.0% from 3Q 2022).
Net loss: US$2.63m (loss narrowed by 94% from 3Q 2022).
US$0.05 loss per share (improved from US$1.48 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
D2L EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Consumer Services industry in North America.
The company's shares are up 12% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on D2L's balance sheet health.
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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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