Lexaria Bioscience Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags
Lexaria Bioscience Corp Ordinary Shares LEXX | 2.37 2.37 | +7.24% 0.00% Pre |
Lexaria Bioscience (NASDAQ:LEXX) Full Year 2024 Results
Key Financial Results
- Net loss: US$5.80m (loss narrowed by 13% from FY 2023).
- US$0.47 loss per share (improved from US$1.01 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lexaria Bioscience Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 6.8%.
Looking ahead, revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US.
The company's shares are down 5.0% from a week ago.
Risk Analysis
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
