Addex Therapeutics Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Addex Therapeutics (VTX:ADXN) Second Quarter 2024 Results

Key Financial Results

• Net loss: CHF1.46m (loss narrowed by 46% from 2Q 2023).
• CHF0.015 loss per share (improved from CHF0.037 loss in 2Q 2023).

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

Addex Therapeutics EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 48%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in Europe.

Performance of the market in Switzerland.

The company's shares are down 10% from a week ago.

Risk Analysis

It is worth noting though that we have found 5 warning signs for Addex Therapeutics (2 are potentially serious!) that you need to take into consideration.

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.