Mainz Biomed (NASDAQ:MYNZ) Full Year 2024 Results

Key Financial Results

• Net loss: US$21.7m (loss narrowed by 18% from FY 2023).
• US$22.36 loss per share (improved from US$64.76 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mainz Biomed Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 63% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Biotechs industry in the US.

The company's shares are down 31% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Mainz Biomed has 6 warning signs (and 4 which don't sit too well with us) we think you should know about.

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.