Westaim (OTCMKTS:WEDXF) Announces Quarterly Earnings Results, Misses Estimates By $0.67 EPS

Westaim (OTCMKTS:WEDXF) issued its quarterly earnings data on Thursday. The company reported ($1.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.67), Zacks reports. Westaim had a negative net margin of 77.37% and a negative return on equity of 6.05%. The business had revenue of $13.56 million for the quarter, compared to analysts’ expectations of $13.80 million.

Westaim Stock Performance

OTCMKTS WEDXF remained flat at $16.77 on Friday. 204 shares of the company’s stock traded hands, compared to its average volume of 2,513. The business has a 50-day moving average of $17.42 and a two-hundred day moving average of $17.73. Westaim has a fifty-two week low of $15.50 and a fifty-two week high of $23.77. The company has a market capitalization of $559.82 million, a PE ratio of -13.31 and a beta of 0.18.

About Westaim

Westaim Corp. (OTCMKTS: WEDXF) is a Toronto-based investment firm focused on creating value through specialized credit, real estate and private equity strategies. The company operates as a capital allocator, partnering with experienced managers to deploy capital across a range of alternative asset classes. Westaim’s platform is designed to generate attractive risk-adjusted returns while maintaining a flexible mandate that can adapt to changing market conditions.

Through its private equity activities, Westaim invests alongside established sponsors in opportunities spanning leveraged buyouts, growth equity and carve-out transactions.