Covalon Technologies Full Year 2024 Earnings: EPS: CA$0.11 (vs CA$0.18 loss in FY 2023)

Covalon Technologies (CVE:COV) Full Year 2024 Results

Key Financial Results

• Revenue: CA$31.2m (up 17% from FY 2023).
• Net income: CA$2.67m (up from CA$4.46m loss in FY 2023).
• Profit margin: 8.6% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
• EPS: CA$0.11 (up from CA$0.18 loss in FY 2023).

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

Covalon Technologies Earnings Insights

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 53% growth forecast for the Biotechs industry in Canada.

Performance of the Canadian Biotechs industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Covalon Technologies that you should be aware of.

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