Bactiguard Holding Second Quarter 2024 Earnings: Beats Expectations

Bactiguard Holding (STO:BACTI B) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr60.9m (up 40% from 2Q 2023).
• Net loss: kr14.3m (loss narrowed by 78% from 2Q 2023).
• kr0.41 loss per share (improved from kr1.84 loss in 2Q 2023).

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

Bactiguard Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Medical Equipment industry in Sweden.

Performance of the Swedish Medical Equipment industry.

The company's shares are up 4.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Bactiguard Holding's balance sheet.

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