OSISKO DEVELOPMENT Reports 54.3% Decrease in Revenue for Fiscal Year 2023 Third Quarter
December 1, 2023
🌥️Earnings Overview
At the conclusion of OSISKO DEVELOPMENT ($NYSE:ODV)’s fiscal year 2023 third quarter ending on September 30 2023, the company reported total revenue of CAD 10.4 million, a decrease of 54.3% from the same period of the previous year. Net income was CAD -7.1 million, compared to a loss of -103.7 million in the same quarter of the prior year.
Analysis
GoodWhale’s analysis of OSISKO DEVELOPMENT‘s financials reveals that it is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This type of company may be of interest to investors looking for a moderate level of growth without taking on too much risk. The company has an intermediate health score of 4/10, indicating that it might be able to pay off debt and fund future operations. However, OSISKO DEVELOPMENT is strong in growth, medium in asset and weak in dividend, profitability. This implies that investors should assess the potential risks associated with such investments before committing funds. Nonetheless, OSISKO DEVELOPMENT may be an attractive investment option for those seeking moderate growth prospects. 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 |
| 43.94 | -108.67 | -158.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Osisko Development. More…
| Operations | Investing | Financing |
| -44.91 | -80.55 | 56.1 |
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 |
| 953.26 | 225.07 | 8.67 |
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 |
| – | – | -219.0% |
| FCF Margin | ROE | ROA |
| -258.7% | -8.3% | -6.3% |
Summary
Investors may be encouraged by Osisko Development‘s third quarter results for fiscal year 2023 as the company reported a narrowing of net losses to CAD -7.1 million, down from -103.7 million in the same quarter of the prior year. Total revenue decreased significantly by 54.3% to CAD 10.4 million but this can primarily be attributed to the pandemic and its associated economic disruption. Looking ahead, Osisko Development will need to focus on cost management and further growing its revenue in order to drive improved earnings and shareholder value.
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