Enea AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 01:20 am EDT
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Enea AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 215.7 million compared to SEK 229.3 million a year ago. Revenue was SEK 220.6 million compared to SEK 252.9 million a year ago. Net income was SEK 20.4 million compared to SEK 52.4 million a year ago. Basic earnings per share from continuing operations was SEK 0.95 compared to SEK 1.69 a year ago. Diluted earnings per share from continuing operations was SEK 0.95 compared to SEK 1.69 a year ago. Basic earnings per share was SEK 0.95 compared to SEK 2.42 a year ago. Diluted earnings per share was SEK 0.95 compared to SEK 2.42 a year ago.
For the nine months, sales was SEK 671.2 million compared to SEK 656.7 million a year ago. Revenue was SEK 692 million compared to SEK 691.6 million a year ago. Net loss was SEK 563.5 million compared to net income of SEK 185.5 million a year ago. Basic loss per share from continuing operations was SEK 26.13 compared to basic earnings per share from continuing operations of SEK 3.24 a year ago. Diluted loss per share from continuing operations was SEK 26.13 compared to diluted earnings per share from continuing operations of SEK 3.24 a year ago. Basic loss per share was SEK 26.13 compared to basic earnings per share of SEK 8.61 a year ago. Diluted loss per share was SEK 26.13 compared to diluted earnings per share of SEK 8.61 a year ago.
Enea AB is a Sweden-based supplier of software for telecommunications and cybersecurity. The Companyâs focus areas are 5G Data Management, Policy and Access Control, Wi-Fi Service Management, IoT Connectivity Services, Traffic Management, Traffic Intelligence, Operating Systems and Edge Virtualization.