LifeClean International Third Quarter 2024 Earnings: Revenues Miss Expectations

LifeClean International (STO:LCLEAN) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr14.1m (up 39% from 3Q 2023).
• Net loss: kr13.3m (loss widened by 11% from 3Q 2023).

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

LifeClean International Revenues Disappoint

Revenue missed analyst estimates by 36%.

Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Sweden.

Performance of the Swedish Chemicals industry.

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

Risk Analysis

You should learn about the 5 warning signs we've spotted with LifeClean International (including 2 which are a bit concerning).

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