MYCELX Technologies Full Year 2024 Earnings: Beats Expectations

MYCELX Technologies (LON:MYX) Full Year 2024 Results

Key Financial Results

• Revenue: US$4.90m (down 55% from FY 2023).
• Net loss: US$2.72m (loss narrowed by 27% from FY 2023).
• US$0.12 loss per share (improved from US$0.16 loss in FY 2023).

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

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

MYCELX Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in the United Kingdom.

Performance of the British Commercial Services industry.

The company's shares are down 19% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for MYCELX Technologies (1 doesn't sit too well with us!) that we have uncovered.

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.