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Westaim Reports Net Loss in Q2 Amidst Share Buy-Back

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Westaim Reports Net Loss in Q2 Amidst Share Buy-Back

Westaim (TSE:WED) has released an update.

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Westaim Corporation reported a Q2 2024 net loss of $17.1 million, a decrease from the Q2 2023 net profit of $31.3 million, but maintained a net profit for the first half of 2024 at $6.2 million. The company also increased its book value per share to $3.91 and cancelled over 3.5 million common shares in a buy-back initiative.

For further insights into TSE:WED stock, check out TipRanks’ Stock Analysis page.

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