Odyssey Technologies announced Financial Results Q1 2024-25

The comprehensive analytics outlining the performance and outlook of Odyssey Technologies Ltd.‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Odyssey Technologies Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 32.97 %. However, it did see a marginal slip of -25.87 % from the previous quarter. Expenses ticked up slightly by 11 % quarter-on-quarter, aligning with the annual rise of 14.2 %. Operating profit, while up 315.63 % compared to last year, faced a quarter-on-quarter dip of -69 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 13.14 %, but a shrinkage of -26.88 % sequentially. Other income rose by 1.72 % compared to the last quarter, despite an annual growth of 28.91 %. Depreciation costs fell by -18.33 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -14.04 %. Profit before tax grew annually by 580.95 % but saw a reduction from the preceding quarter by -66.51 %.
Tax expenses as a percentage of profits increased slightly by 0.32 % compared to last year, with a more notable quarter-on-quarter increase of 0.36 %. Net profit rose by 568.75 % year-on-year but witnessed a -66.46 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 644.44 % but a quarterly fall of -66.33 %. In summary, Odyssey Technologies Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Odyssey Technologies Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 32.97 % year-on-year growth, although there was a slight dip of -25.87 % from the previous quarter. Expenses rose by 14.2 % compared to the previous year, with a 11 % increase quarter-on-quarter. Operating Profit surged by 315.63 % annually, and saw a -69 % decrease from the last quarter.
Net Profit showed yearly increase of 568.75 %, and experienced a -66.46 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 644.44 % annually, however dipped by -66.33 % compared to the last quarter. In essence, while Odyssey Technologies Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.