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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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.
About OM:LCLEAN
LifeClean International
LifeClean International AB (publ) researche, produces, markets, and sells disinfection products in Sweden and internationally.
Moderate and good value.
