Aroa Biosurgery Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Aroa Biosurgery (ASX:ARX) Full Year 2024 Results

Key Financial Results

• Revenue: NZ$69.1m (up 9.0% from FY 2023).
• Net loss: NZ$10.6m (loss widened by NZ$10.2m from FY 2023).
• NZ$0.031 loss per share (further deteriorated from NZ$0.001 loss in FY 2023).

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

Aroa Biosurgery Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Biotechs industry in Australia.

Performance of the Australian Biotechs industry.

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

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Aroa Biosurgery's balance sheet and an in-depth analysis of the company's financial position.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.