Valeo Pharma First Quarter 2024 Earnings: Misses Expectations

Valeo Pharma (TSE:VPH) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$13.5m (up 2.9% from 1Q 2023).
• Net loss: CA$6.87m (loss widened by 10.0% from 1Q 2023).
• CA$0.08 loss per share (further deteriorated from CA$0.077 loss in 1Q 2023).

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

Valeo Pharma Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) also missed analyst estimates by 6.7%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Healthcare industry in Canada.

Performance of the Canadian Healthcare industry.

The company's shares are up 5.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 6 warning signs for Valeo Pharma (3 are significant!) that you need to be mindful of.

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