Spectral Medical (TSE:EDT) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$668.0k (up 26% from 1Q 2023).

• Net loss: CA$4.16m (loss widened by 140% from 1Q 2023).

• CA$0.015 loss per share (further deteriorated from CA$0.006 loss in 1Q 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 25% p.a. on average during the next 2 years, compared to a 68% growth forecast for the Biotechs industry in Canada.

Performance of the Canadian Biotechs industry.

The company's shares are up 3.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Spectral Medical you should be aware of, and 2 of them don't sit too well with us.

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