SomnoMed Full Year 2024 Earnings: AU$0.10 loss per share (vs AU$0.10 loss in FY 2023)

SomnoMed (ASX:SOM) Full Year 2024 Results

Key Financial Results

• Revenue: AU$91.7m (up 9.6% from FY 2023).
• Net loss: AU$12.2m (loss widened by 56% from FY 2023).
• AU$0.10 loss per share (further deteriorated from AU$0.10 loss in FY 2023).

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

SomnoMed Earnings Insights

The primary driver behind last 12 months revenue was the Europe segment contributing a total revenue of AU$54.2m (59% of total revenue). The largest operating expense was General & Administrative costs, amounting to AU$31.5m (47% of total expenses). Explore how SOM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Medical Equipment industry in Australia.

Performance of the Australian Medical Equipment industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - SomnoMed has 3 warning signs (and 2 which shouldn't be ignored) we think you should know about.

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