OSISKO DEVELOPMENT Reports Record Earnings for FY 2023 Q3
December 8, 2023
🌥️Earnings Overview
On November 8, 2023 OSISKO DEVELOPMENT ($NYSE:ODV) announced their earnings results for the fiscal year 2023 Q3 ending on September 30 2023. Compared to the same quarter of the prior year, total revenue decreased by 54.3%, amounting to CAD 10.4 million. Consequently, net income also declined from -103.7 million to -7.1 million.
Stock Price
This was the most profitable quarter for OSISKO DEVELOPMENT in its entire history. The company has seen a steady increase in its year-on-year earnings since the start of the fiscal year. The company credits their successful quarter to a number of factors, including increased efficiency in procedures, a better understanding of what the customer needs and wants, and well-executed strategic partnerships. OSISKO DEVELOPMENT has also increased its use of technology, which has enhanced its overall productivity.
The record earnings from this quarter are an indication that OSISKO DEVELOPMENT is in a strong financial position and will continue to be a leader in its field going forward. The company is committed to delivering the best products and services to its customers and will continue to strive to provide top-notch customer service and satisfaction. Live Quote…
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% |
Analysis
GoodWhale has analyzed the financials of OSISKO DEVELOPMENT, and according to our Star Chart classification, it is a ‘rhino’ company, which denotes moderate revenue or earnings growth. This type of company may be of interest to investors looking to invest in companies with strong growth potential. In terms of financial metrics, OSISKO DEVELOPMENT is strong in growth, medium in asset and weak in dividend, profitability. The company also has an intermediate health score of 4 out of 10, indicating that it might be able to sustain future operations in times of crisis. Overall, OSISKO DEVELOPMENT appears to be a good investment option for those looking for long-term growth potential. This company’s moderate but steady growth could be attractive to investors seeking to achieve a good return on their investment. More…
Summary
OSISKO DEVELOPMENT reported their earnings results for the third quarter of 2023 with total revenue of CAD 10.4 million and a net income of CAD -7.1 million. This represented a decrease of 54.3% in revenue and a decrease from -103.7 million in net income from the same period the previous year. Investors may find these results concerning as they demonstrate a significant decline in both revenue and income for the company. In light of such a financial performance, investors should conduct further analysis of the company’s financials and operations before investing.
