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Westaim Third Quarter 2022 Earnings: US$0.12 loss per share (vs US$0.011 profit in 3Q 2021)

Westaim (CVE:WED) Third Quarter 2022 Results

Key Financial Results

  • Net loss: US$16.8m (down from US$1.59m profit in 3Q 2021).

  • US$0.12 loss per share (down from US$0.011 profit in 3Q 2021).

earnings-and-revenue-history
earnings-and-revenue-history

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

Westaim Earnings Insights

Looking ahead, revenue is forecast to grow 152% p.a. on average during the next 2 years, compared to a 17% decline forecast for the Capital Markets industry in Canada.

Performance of the Canadian Capital Markets industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Westaim has 2 warning signs we think you should be aware of.

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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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