Vext Science Third Quarter 2024 Earnings: Misses Expectations

Vext Science (CSE:VEXT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$8.99m (up 11% from 3Q 2023).
• Net loss: US$2.50m (loss widened by 36% from 3Q 2023).
• US$0.01 loss per share.

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

Vext Science Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Pharmaceuticals industry in Canada.

Performance of the Canadian Pharmaceuticals industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Vext Science (of which 1 can't be ignored!) you should know about.

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