Medistim Third Quarter 2022 Results: Revenue Exceeds Expectations

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Medistim (OB:MEDI) Third Quarter 2022 Results

Main financial results

  • Turnover: 116.5 million kr (up 14% compared to Q3 2021).
  • Net income: 24.6 million kr (up 31% compared to Q3 2021).
  • Profit margin: 21% (compared to 18% in the 3rd quarter of 2021).
    • The increase in the margin is explained by the increase in revenues.
OB:MEDI Earnings and Revenue Growth October 30, 2022

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

Medistim EPS exceeds expectations, revenues are insufficient

Revenue beat analysts’ estimates by 3.7%.

Going forward, revenues are expected to grow by an average of 7.4% per year over the next 3 years, compared to a growth forecast of 7.3% for the medical device industry in Europe.

Market performance in Norway.

Shares of the company are up 14% from a week ago.

Risk analysis

Before concluding, we discovered 1 warning sign for Medistim of which you should be aware.

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