Thunderbird Entertainment Group (CVE:TBRD) First Quarter 2023 Results
Key Financial Results
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Revenue: CA$43.7m (up 25% from 1Q 2022).
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Net income: CA$93.0k (down 95% from 1Q 2022).
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Profit margin: 0.2% (down from 5.4% in 1Q 2022). The decrease in margin was driven by higher expenses.
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EPS: CA$0.002 (down from CA$0.039 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Thunderbird Entertainment Group Earnings Insights
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Entertainment industry in Canada.
Performance of the Canadian Entertainment industry.
The company’s shares are down 1.3% from a week ago.
Risk Analysis
Before we wrap up, we’ve discovered 1 warning sign for Thunderbird Entertainment Group that you should be aware of.
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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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