Digihost Technology (CVE:DGHI) Q2 2024 Earnings
Key Financial Results
Revenue: US$9.23 million (up 57% from Q2 2023).
Net loss: US$4.77 million (loss widens 44% from Q2 2023).
Loss of $0.16 per share (worse than the loss of $0.12 in Q2'23).
Revenue and Revenue Growth
All figures shown in the chart above are for the trailing twelve month (TTM) period.
Digihost Technology Revenue and Profit Beat Expectations
Revenues beat analyst expectations by 14%. Earnings per share (EPS) also beat analyst expectations by 27%.
Looking ahead, revenues are expected to grow by an average of 9.1% over the next two years, compared to a growth forecast of 17% for the Canadian software industry.
Canadian software industry performance.
The company's shares are little changed from a week ago.
Risk Analysis
The threat of investment risk is always present and something to consider, and we've discovered that Digihost Technology has 4 warning signs (at least 1 which can't be ignored) – understanding these should be part of your investment process.
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This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell a stock, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
