Lumine Group Inc (TSE:LMN) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Lumine Group Inc. reported a significant 110% increase in quarterly revenue to $143.1 million and a 294% rise in operating income to $41.6 million. Despite these gains, the company faced a substantial net loss of $1.506 billion due to expenses related to the fair value of redeemable securities. Year-to-date figures also showed strong performance with a 95% revenue increase to $499.7 million, and operating income more than doubling to $144.7 million.
For further insights into TSE:LMN stock, check out TipRanks’ Stock Analysis page.