Yahoo Finance Jumia Technologies Reports First Quarter 2024 Earnings
Jumia Technologies (NYSE:JMIA) First Quarter 2024 Results
Key Financial Results
Revenue: US$48.9m (up 5.7% from 1Q 2023).
Net loss: US$40.7m (loss widened by 28% from 1Q 2023).
US$0.40 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Jumia Technologies Earnings Insights
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.
Performance of the American Multiline Retail industry.
The company's shares are up 47% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Jumia Technologies (1 is potentially serious!) that you should be aware of.
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