Mayne Pharma Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Mayne Pharma Group (ASX:MYX) Full Year 2024 Results

Key Financial Results

• Revenue: AU$388.4m (up 112% from FY 2023).
• Net loss: AU$168.6m (loss narrowed by 47% from FY 2023).
• AU$2.12 loss per share (improved from AU$3.86 loss in FY 2023).

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

Mayne Pharma Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 102%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 47% growth forecast for the Pharmaceuticals industry in Australia.

Performance of the Australian Pharmaceuticals industry.

The company's shares are up 11% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Mayne Pharma Group (of which 1 is potentially serious!) you should know about.

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