OSISKO DEVELOPMENT Reports 15.6% Decline in Revenue for FY2023 Q2
August 27, 2023
🌥️Earnings Overview
OSISKO DEVELOPMENT ($NYSE:ODV)’s fiscal year 2023 2nd quarter earnings results, released on August 9th 2023, revealed total revenue of CAD 10.8 million, representing a 15.6% decrease from the same quarter in the previous year. Net income was CAD -13.3 million, a decline from the -1.5 million recorded in the same quarter in the prior year.
Analysis
GoodWhale conducted an analysis on OSISKO DEVELOPMENT‘s fundamentals in order to gain insight into the company. According to the Star Chart, OSISKO DEVELOPMENT is classified as a ‘cheetah’, which suggests that it has achieved high revenue or earnings growth but is less stable due to lower profitability. Investors who are willing to take on more risk may be interested in such a company. OSISKO DEVELOPMENT has an intermediate health score of 4/10 with regard to its cashflows and debt, indicating that it is likely to sustain future operations in times of crisis. Furthermore, it is strong in growth, medium in asset and weak in dividend, profitability. Such a profile highlights the potential risks that investors may face when investing in OSISKO DEVELOPMENT. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Osisko Development. More…
| Total Revenues | Net Income | Net Margin |
| 56.31 | -205.28 | -141.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Osisko Development. More…
| Operations | Investing | Financing |
| -22.74 | -96.56 | 57.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Osisko Development. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 967.87 | 240.71 | 8.7 |
Key Ratios Snapshot
Some of the financial key ratios for Osisko Development are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -347.4% |
| FCF Margin | ROE | ROA |
| -181.3% | -16.6% | -12.6% |
Summary
Investors in Osisko Development saw a sharp decline in both revenue and net income in Q2 of the 2023 fiscal year. Total revenue was CAD 10.8 million, a decrease of 15.6% year-over-year, while net income was a loss of -13.3 million versus -1.5 million in the same quarter of the prior year. This was reflected in the stock price, which fell on the same day. As such, investors in Osisko Development should closely monitor the company’s performance for upcoming quarters to evaluate whether their investment is worth continuing.
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