MONTREAL - Alithya Group Inc. (TSX: NASDAQ:ALYA) (NASDAQ: ALYA), a provider of strategy and digital technology services, has announced it will release its financial results for the third quarter of fiscal year 2024, which ended on December 31, 2023, on February 14, 2024.
The upcoming conference call will allow investors and analysts to engage with Alithya's management regarding the company's financial performance. Details for the call-in are available, including a toll-free dial-in number and a conference ID. Additionally, a live webcast will be accessible through a provided link.
InvestingPro Insights
As Alithya Group Inc. (TSX: ALYA) (NASDAQ: ALYA) prepares to unveil its third-quarter financial results, investors are closely monitoring the company's performance metrics. According to InvestingPro data, Alithya's market cap stands at $111.75 million, with a Price / Book ratio over the last twelve months as of Q2 2024 at 0.86, indicating potential undervaluation relative to assets. Despite not being profitable over the last twelve months, the company's valuation implies a strong free cash flow yield, which could signal future profitability as analysts predict the company will turn a profit this year.
InvestingPro Tips suggest that while Alithya's stock has taken a significant hit over the last six months, with a 38.42% decrease, its current price is considered below the InvestingPro Fair Value of $1.8 USD. This could represent an opportunity for investors who are looking for potential recovery plays, especially considering the company's recent revenue growth of 6.53% over the last twelve months as of Q2 2024. However, prospective investors should also be aware that Alithya's short-term obligations exceed its liquid assets, which could indicate liquidity risks.
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