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CA$0.01 Profit Achieved in 3Q 2023, Reversing Previous CA$0.003 Loss


Katipult Technology reported a revenue of CA$232.0k for the third quarter of 2024, a significant decrease of 68% compared to the previous quarter. However, the company saw a positive net income of CA$419.0k, a substantial improvement from the CA$195.0k loss in the third quarter of 2023. The earnings per share also showed growth, with CA$0.01 compared to a loss of CA$0.003 in the same period last year.

Despite these positive financial results, there are some concerns about Katipult Technology, as indicated by 5 warning signs in their investment analysis. However, it is important to note that the company’s share price has remained relatively stable over the past week.

Investors are encouraged to conduct their own research and due diligence before making any investment decisions. Simply Wall St, the source of this article, provides commentary based on historical data and analyst forecasts, using an unbiased methodology. Their articles are not intended to be financial advice, and they do not constitute a recommendation to buy or sell any stock.

For more information or feedback on this article, readers can contact Simply Wall St directly or email the editorial team. It is important to consider all aspects of a company’s performance and outlook before making any investment choices, taking into account personal objectives and financial situations.

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Photo credit finance.yahoo.com

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