Litchfield Hills Research Weighs in on KWESST Micro Systems Inc.’s FY2023 Earnings (NASDAQ:KWE)

KWESST Micro Systems Inc. (NASDAQ:KWEFree Report) – Research analysts at Litchfield Hills Research dropped their FY2023 earnings per share estimates for KWESST Micro Systems in a report issued on Tuesday, September 5th. Litchfield Hills Research analyst T. O’neill now anticipates that the company will post earnings per share of ($2.01) for the year, down from their prior estimate of ($1.97). Litchfield Hills Research has a “Buy” rating on the stock. The consensus estimate for KWESST Micro Systems’ current full-year earnings is ($1.97) per share. Litchfield Hills Research also issued estimates for KWESST Micro Systems’ FY2024 earnings at ($1.30) EPS.

KWESST Micro Systems Trading Down 2.4 %

KWESST Micro Systems stock traded down $0.04 during midday trading on Thursday, reaching $1.80. 3,044 shares of the company’s stock were exchanged, compared to its average volume of 9,345. KWESST Micro Systems has a 52 week low of $1.37 and a 52 week high of $12.31. The stock’s 50-day simple moving average is $2.23 and its 200 day simple moving average is $2.56.

KWESST Micro Systems (NASDAQ:KWEGet Free Report) last posted its quarterly earnings results on Monday, August 14th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.06). KWESST Micro Systems had a negative return on equity of 230.51% and a negative net margin of 1,005.91%. The business had revenue of $0.11 million for the quarter, compared to the consensus estimate of $0.15 million.

Institutional Investors Weigh In On KWESST Micro Systems

A number of institutional investors have recently made changes to their positions in the company. K.J. Harrison & Partners Inc bought a new stake in shares of KWESST Micro Systems during the first quarter worth approximately $90,000. Sheets Smith Wealth Management bought a new stake in shares of KWESST Micro Systems in the fourth quarter valued at approximately $90,000. Finally, AIGH Capital Management LLC bought a new stake in shares of KWESST Micro Systems in the fourth quarter valued at approximately $1,032,000. Institutional investors own 14.84% of the company’s stock.

About KWESST Micro Systems

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KWESST Micro Systems Inc engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including non-reciprocating and reciprocating PARA OPS devices and ARWEN products with application in the professional and personal defense; modernized digitization products and services of tactical teams for shared real-time situational awareness in the military and civilian markets; and counter-measures comprising battlefield laser defense systems, phantom electronic warfare devices, and GhostNet counter-drone systems, against threats, such as drones, lasers, and electronic detection for the military market.

See Also

Earnings History and Estimates for KWESST Micro Systems (NASDAQ:KWE)

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