Marinomed Biotech Reports Third Quarter 2023 Earnings

Marinomed Biotech (VIE:MARI) Third Quarter 2023 Results

Key Financial Results

• Revenue: €1.96m (down 11% from 3Q 2022).
• Net loss: €2.09m (loss widened by 7.3% from 3Q 2022).

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

Marinomed Biotech Earnings Insights

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Pharmaceuticals industry in Europe.

Performance of the market in Austria.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Marinomed Biotech (including 1 which can't be ignored).

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