Spectral Medical (TSE:EDT) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$471.0k (up 54% from 2Q 2023).

• Net loss: CA$4.40m (loss widened by 10% from 2Q 2023).

• CA$0.016 loss per share (further deteriorated from CA$0.014 loss in 2Q 2023).

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

Spectral Medical Earnings Insights

Looking ahead, revenue is forecast to grow 73% p.a. on average during the next 3 years, compared to a 61% growth forecast for the Biotechs industry in Canada.

Performance of the Canadian Biotechs industry.

The company's shares are up 6.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Spectral Medical (2 are potentially serious!) that you need to be mindful of.

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