CA$0.26 (vs CA$0.33 in 2Q 2023)

Atrium Mortgage Investment (TSE:AI) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$13.9m (down 18% from 2Q 2023).

• Net income: CA$11.5m (down 20% from 2Q 2023).

• Profit margin: 83% (down from 85% in 2Q 2023). The decrease in margin was driven by lower revenue.

• EPS: CA$0.26 (down from CA$0.33 in 2Q 2023).

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

Atrium Mortgage Investment Earnings Insights

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Diversified Financial industry in Canada.

Performance of the Canadian Diversified Financial industry.

The company’s shares are up 1.9% from a week ago.

Risk Analysis

Don’t forget that there may still be risks. For instance, we’ve identified 2 warning signs for Atrium Mortgage Investment that you should be aware of.

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