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MustGrow Biologics Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line
MustGrow Biologics (CVE:MGRO) Full Year 2024 Results
Key Financial Results
- Net loss: CA$4.89m (loss widened by CA$4.21m from FY 2023).
- CA$0.095 loss per share (further deteriorated from CA$0.014 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MustGrow Biologics Earnings Insights
In the last 12 months, the only revenue segment was Agrochemicals contributing CA$398.0k. Notably, cost of sales worth CA$317.5k amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CA$3.35m (67% of total expenses). Explore how MGRO's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 81% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Chemicals industry in Canada.
Performance of the Canadian Chemicals industry.
The company's shares are down 3.5% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for MustGrow Biologics you should be aware of, and 1 of them is significant.
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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.
About TSXV:MGRO
MustGrow Biologics
An agricultural biotechnology company, focuses on development and commercialization of natural biological technologies and products from mustard plants.
Flawless balance sheet with low risk.
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