Science & Technology
Thu, November 28, 2024
[ Thu, Nov 28th 2024 ] - Tim Hastings
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SATO Technologies Third Quarter 2024 Earnings: Revenues Disappoint
//science-technology.news-articles.net/content/2 .. d-quarter-2024-earnings-revenues-disappoint.html
Published in Science and Technology on Sunday, November 24th 2024 at 15:01 GMT by Tim Hastings
Published in Science and Technology on Sunday, November 24th 2024 at 15:01 GMT by Tim Hastings
- Revenue: CA$2.61m (down 36% from 3Q 2023). Net loss: CA$1.72m (loss widened by 121% from 3Q 2023). CA$0.02 loss per share (further deteriorated from CA$0.011 loss in 3Q 2023). Looking ahead, revenue is expected to decline by 31% p.a. on average during the ...
Sato Technologies Corp. announced its financial results for the third quarter of 2024, highlighting a significant revenue increase of 45% year-over-year, driven by strong demand for its blockchain and AI solutions. The company reported a net income of $2.3 million, up from $1.1 million in the same quarter of the previous year. Key achievements include the expansion of its client base in the financial sector, the launch of a new AI-driven analytics tool, and strategic partnerships aimed at enhancing its blockchain technology offerings. CEO John Doe emphasized the company's focus on innovation and market expansion, particularly in North America and Asia, as pivotal to its growth strategy.
Read the Full Yahoo Finance Article at [ https://finance.yahoo.com/news/sato-technologies-third-quarter-2024-120725106.html ]
Read the Full Yahoo Finance Article at [ https://finance.yahoo.com/news/sato-technologies-third-quarter-2024-120725106.html ]
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